| 1 |
Micro economics studies related to: |
National income
Unemployment
Trade cycle
Consumers behaviour
|
| 2 |
Exact perdition not possible in: |
Economic laws
Science laws
Moral laws
Social law
|
| 3 |
Economics is a science which studies. |
Production of wealth only
Consumption of wealth only
Optimum use of scare resources
Welfare only
|
| 4 |
Inductive method represents: |
General to particular
Particular to general
Normative science
Economic planning
|
| 5 |
Deductive method of economic study. |
Systematic
General to particular
Universal to particular
Both (b) and (c)
|
| 6 |
Economic law are made by: |
Govt.
Courts
Parliament
Behaviour of the people
|
| 7 |
Who said that economics is normative science ? |
Keynes
Robbins
Marshall
Rocher
|
| 8 |
Ceteris paribus means: |
Other things remain the same
Assumptions of the law
Conditions of the law
All of them
|
| 9 |
Economic problem arises due to: |
Unlimited wants
Limited resources
Resources have alternative use
All of them
|
| 10 |
Methods to derive economic laws: |
One
Two
Three
Four
|
| 11 |
Study of large units of the economy is known as: |
Micro economics
Macro ecnomics
Applied economics
All of them
|
| 12 |
Study of small units of the economoy is known is: |
Micro economics
Macro economics
Applied economics
All of them
|
| 13 |
Who said that economics is positive science ? |
Adam smith
Marshall
Robbins
Keynes
|
| 14 |
Which economist said that, economics cannot be separated from spiritual values? |
Marshall
Robbins
Adam smith
Voton
|
| 15 |
Who is the Founder of macro economics ? |
Marshall
Malthus
Adam smith
Keynes
|
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