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
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
2. ________________is not a a part of Macro economics.
A. price
B. employment
C. national income
D. investment
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
3. Lionel Robbins wrote a book in ______________, entitled “Nature and significance of Economic Science”.
A. 1936
B. 1998
C. 1931
D. 1776
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
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
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
5. Wants are unlimited for _______________.
A. rich person
B. poor person
c. all person
d. none of them
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
6. __________________ introduced subject of economics.
A. David Ricardo
B. J.S Mill
C. Adam Smith
D. Lionel Robbins
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
7. _______________ was the founder of classical schools of thought.
A. Adam smith
B. Malthus
C. Keynes
D. Marshall
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
8. ______________ was the exponent of Neo-Classical school of thoughts.
A. Adam smith
B. J.M Keynes
C. Alfred Marshall
D. Smuelson
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]C[/su_spoiler]
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
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
10. “All other things remain constant” termed as _______________.
A. Assumption
B. Variables
C. Exceptions
D. Limitations
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]A[/su_spoiler]
11. _____________________ was exponent of Macro economics in recent times.
A. Adam Smith
B. J.M Keynes
C. Marshall
D. Malthus
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]B[/su_spoiler]
12. Price theory is also known as?
A. positive economics
B. Macro economics
C. Applied Economics
D. Micro economics
[su_spoiler title=”Answer – Click Here:” class=”padding: -10px;”]D[/su_spoiler]