Economics Multiple Choice From Books Chapters

By: Prof. Dr. Fazal Rehman | Last updated: April 16, 2022

Economics Multiple Choice From Books Chapters

1: When the supply and demand fall together then the price will be… a: remain constant b: fall c: rise d: elastic e: none

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A

2: a labourer resigns from service to start his own business is called… a: geographical mobility b: social mobility c: horizontal mobility d: occupational mobility e: vertical mobility

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D

3: The deposit of commercial banks is called… a: real capital b: domestic capital c: money capital d: foreign capital e: fixed capital

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C

4: ……… is a capital… a: toy b: novel book c: plough d: radio e: none of them

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C

5:Which of the following presents internal and externat rule… a:pareto b: alfred marshall c: robbins d: j.m.keynes e: david ricardo

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B

6: Marginal economics means… a:important b: unimportant c: the minimum unit  d: additional e: just barely passing

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D

7: Buyers and sellers come in contact with each other where… a: products are sold b: price remains constant c: market d: price fluctuates e: all of them

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C

8: one of the following present the concept of perfect competition… a: malthus b: marshall c: robbins d: adam amith e: smith

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D

9: Under monopology there is a difference between firm and industry … a: yes b: no c: wrong d: both a and b e: none of them

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B

10: Average fixed cost curve is a…. a: U shaped curve b: marginal cost curve c: average fixed cost curve d: average variable cost curve e: marginal revenue curve

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a

11: a tax on anual income of a person is …… and a tax on cigarettes is……? a: proportional tax b: indirect tax c: direct tax d: both a and b e: both b and c

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E