| 1 |
Wants are unlimited for: |
- A. Poor person
- B. Rich person
- C. All persons
- D. None of them
|
| 2 |
Economics is a science |
- A. Spiritual
- B. Social
- C. dismal
- D. moral
|
| 3 |
Wealth of Nations was written in |
- A. 1976
- B. 1876
- C. 1776
- D. 1676
|
| 4 |
Economics |
- A. is more important than mathematics
- B. is a social science
- C. should be made compulsory for every student
- D. is difficult to study
|
| 5 |
Robbins in his definition |
- A. talks of scarcity of resources
- B. preached moral values
- C. supports Adam smith view
- D. none of the above
|
| 6 |
Which statement relates to macroeconomics |
- A. Oil prices are rising in Pakistan
- B. Profit rate is high in textile industry
- C. The firms try to make huge profits
- D. The government had failed to control inflation
|
| 7 |
One of the following is not a part of macro economics. |
- A. Public finance
- B. International trade.
- C. Consumer behaviour.
- D. National income.
|
| 8 |
One of the following is not studied in Micro economics. |
- A. Equilibrium to the firm
- B. Distribution of rewards to factors of productions
- C. Banking system
- D. Market equilibrium
|
| 9 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
|
| 10 |
Economics theory means |
- A. economic policy
- B. economic principles
- C. descriptive economics
- D. economics facts
|
