| 1 |
All the products which are priced in the market are. |
- A. Non economic products
- B. Economic products
- C. Private products
- D. Public products
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| 2 |
Economic principle are also called |
- A. economic law
- B. economic theory
- C. economic model
- D. all of the above
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| 3 |
Who was the exponent of macro economics in recent times. |
- A. Adam Smith
- B. J.M. Keynes
- C. Marshall
- D. Maithus
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| 4 |
Which one is not doing an economic activity. |
- A. One who is offering prayers.
- B. One who works for wage.
- C. One who rents out his property .
- D. One who is an employee of Government
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| 5 |
Wealth of Nations was written by |
- A. Adam Smith
- B. Malthus
- C. Marshall
- D. Newton
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| 6 |
One of the following is not a part of macro economics. |
- A. Public finance
- B. International trade.
- C. Consumer behaviour.
- D. National income.
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| 7 |
Which laws are implemented with an executive authority . |
- A. Economic laws
- B. Moral laws
- C. State laws
- D. Physical laws
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| 8 |
Scarcity of goods means |
- A. non availability of goods
- B. high price of goods
- C. People don't want to get such goods
- D. the good is available but it is not free
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| 9 |
normative economics |
- A. deals solely with the facts
- B. is never studied in colleges
- C. involves opinions and interpretations
- D. is clearly preferable to positive economics
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| 10 |
The basic economic problem to all societies is |
- A. elimination of scarcity
- B. what how and for whom to produce
- C. equal distribution of wealth
- D. to develop agriculture
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