Economics MCQS with Answers 1st Year
Economic laws can be define as .
Laws implement by an executive
Laws of the state
Statement of general economic tendencies
A statement of social behaviour
All the products which are priced in the market are.
Private products
Economic products
Public products
Non economic products
Which laws are always subjected to certain conditions.
Political
Moral
Economic
Social
Economics laws are
brief
definite
approximate
exact
Which one is the non-economic activity.
Service of teacher
Service of a doctor
Morning walk
Service of an advocate
Who said that “Economics is a science of human welfare”
Malthus
Adam Smith
Carlyle and Ruskin
Alfred Marshall
Which of the following is the subject matter of Economics.
Economic problems of the developing countries.
Balance of payment problems.
Optimum use of limited resources for the satisfaction of unlimited human wants.
Labour problems.
normative economics
is clearly preferable to positive economics
involves opinions and interpretations
deals solely with the facts
is never studied in colleges
Father of the political economy
Samuelson
Malthus
Adam smith
Marshall
Which one is not doing an economic activity.
One who works for wage.
One who is an employee of Government
One who is offering prayers.
One who rents out his property .
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