Multiple choice of economics

By: Prof. Dr. Fazal Rehman | Last updated: March 3, 2022

Multiple choice of economics

1. _____________ criticized economics as a “dismal science”. A. J.M Keynes B. Lionel Robbins C. Carlyle and Ruskin D. Alfred Marshall

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C

2. ________________is not a a part of Macro economics. A. price B. employment C. national income D. investment

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A

3. Lionel Robbins wrote a book in ______________, entitled “Nature and significance of Economic Science”. A. 1936 B. 1998 C. 1931 D. 1776

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C

4. It is hard to predict the operation of these laws. A. Laws of physical science B. moral laws C. economic laws D. laws of the nature

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C

5. Wants are unlimited for _______________. A. rich person B. poor person c. all person d. none of them

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C

6. __________________ introduced subject of economics. A. David Ricardo B. J.S Mill C. Adam Smith D. Lionel Robbins

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C

7. _______________ was the founder of classical schools of thought. A. Adam smith B. Malthus C. Keynes D. Marshall

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A

8. ______________ was the exponent of Neo-Classical school of thoughts. A. Adam smith B. J.M Keynes C. Alfred Marshall D. Smuelson

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C

9. __________________ type of problems are brought under discussion in Micro economics. A. Consumer’s behaviour B. Public finance C. International trade D. Balance of payment

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A

10. “All other things remain constant” termed as _______________. A. Assumption B. Variables C. Exceptions D. Limitations

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A

11. _____________________ was exponent of Macro economics in recent times. A. Adam Smith B. J.M Keynes C. Marshall D. Malthus

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B

12. Price theory is also known as? A. positive economics B. Macro economics C. Applied Economics D. Micro economics

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D