Economics MCQS with Answers 1st Year
One or more persons living together and having a common budget is called
organisation
house members
household
union
Prof. Marshall thinks
Economics studies national welfare
Economics studies material welfare
Economics studies personal welfare
Economics studies total welfare
Prof. Robins wrote a book in 1931 entitled.
General Theory of employment. Interest and money.
Nature and Significance of economic science.
An inquiry into the nature and causes of wealth of nations.
Principle of economics.
One of the following is not studied in Micro economics.
Distribution of rewards to factors of productions
Equilibrium to the firm
Banking system
Market equilibrium
Marshall wrote the book
Introduction to economics
Micro economics theory
Principles of economics
Classical economics
Economics
is difficult to study
is more important than mathematics
should be made compulsory for every student
is a social science
Robbins in his definition
preached moral values
talks of scarcity of resources
supports Adam smith view
none of the above
Economics is a science
Social
moral
dismal
Spiritual
Economics laws are:
Absolute and certain like the laws of physical science
Unrealistic to deal with real economic problems.
Used to forecast the growth rate of an economy.
Statements of tendencies in economic behaviour
Wants are unlimited for:
None of them
Poor person
All persons
Rich person
Continue Reading Go to Next Page