Economics multiple choice questions from books latest edition
1: Which of the following is not the characteristic of ecnomic …
a: unlimited
b: limited
c: alternative
d: appear again and again
e :few
2: The inflation of prices is…
a: deflation
b: quantity of money
c: velocity of money
d: rising trend
e: none of these
3: Meaning of demand is…
a: want to decrease
b: want to purchase
c: need
d:power to purchase
e: want and power
4: …….. bears the burden of an indirect tax…
a: retailer
b: deller
c: whole-seller
d: mill owner
e: consumer
5: Canons of textation for the first time who present…
a: lionel robbins
b: alfred marshall
c: deficit budget
d: surplus budget
e: none of these
6: Income tax is…
a: sales tax
b: direct tax
c: custom duty
d: excise tax
e: tarrif
7: How maximum number of partners in a partnership…
a:11
b:15
c:10
d:18
e: 20
8: Select one of these is not land
a: sui gas
b: a river
c: altanic ocean
d:electric power
e: none of these
9: Mobility of labour necessary for…
a: spoils labour
b: promotes labour
c: promotes unemployment
d: increases efficiency of labour
e: none of these
10: Equilibrium price will be ……. when supply and demand increase equally…
a: increases
b: decreases
c: remains the same
d: zero
e: none of these
11: factor of production is…
a: wealth
b:money
c: savings
d: capital
e:need
12: Transport and communication depends on…
a: extent of market
b: trade restrictions
c: ecnomic instability
d: political instability
e: both c and d
