| 1 |
In economics, assumptions |
- A. make economics theory useless
- B. mean other things equal
- C. enable economics to simplify reality
- D. used in micro and not in macroeconomics
|
| 2 |
Robbins definition of economics spell out the existence of |
- A. Economics problem
- B. Social problem
- C. Political problem
- D. Moral problem
|
| 3 |
A positive statement |
- A. concerns what is
- B. is always accurate
- C. deals with values and opinions
- D. cannot be tested in the real world
|
| 4 |
Who was the exponent of welfare economics. |
- A. Alfred Marshall.
- B. Adam smith.
- C. Lionel Robbins
- D. J.M. Keynes.
|
| 5 |
One of the following is not a part of macro economics. |
- A. Public finance
- B. International trade.
- C. Consumer behaviour.
- D. National income.
|
| 6 |
Which of the following is the subject matter of Economics. |
- A. Optimum use of limited resources for the satisfaction of unlimited human wants.
- B. Economic problems of the developing countries.
- C. Labour problems.
- D. Balance of payment problems.
|
| 7 |
Economics laws |
- A. must be followed
- B. are hated by people
- C. show economic behavior of people
- D. are unscientific
|
| 8 |
Macro economics deals with |
- A. how to buy groceries
- B. aggregate economics activity
- C. establishment of a new firm
- D. industrial activity
|
| 9 |
Which laws are implemented with an executive authority . |
- A. Economic laws
- B. Moral laws
- C. State laws
- D. Physical laws
|
| 10 |
Which one is the non-economic activity. |
- A. Service of a doctor
- B. Morning walk
- C. Service of teacher
- D. Service of an advocate
|