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

2. ________________is not a a part of Macro economics.

A. price
B. employment
C. national income
D. investment

3. Lionel Robbins wrote a book in ______________, entitled “Nature and significance of Economic Science”.

A. 1936
B. 1998
C. 1931
D. 1776

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

5. Wants are unlimited for _______________.

A. rich person
B. poor person
c. all person
d. none of them

6. __________________ introduced subject of economics.

A. David Ricardo
B. J.S Mill
C. Adam Smith
D. Lionel Robbins

7. _______________ was the founder of classical schools of thought.

A. Adam smith
B. Malthus
C. Keynes
D. Marshall

8. ______________ was the exponent of Neo-Classical school of thoughts.

A. Adam smith
B. J.M Keynes
C. Alfred Marshall
D. Smuelson

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

10. “All other things remain constant” termed as _______________.

A. Assumption
B. Variables
C. Exceptions
D. Limitations

11. _____________________ was exponent of Macro economics in recent times.

A. Adam Smith
B. J.M Keynes
C. Marshall
D. Malthus

12. Price theory is also known as?

A. positive economics
B. Macro economics
C. Applied Economics
D. Micro economics