| 1 |
Economics laws are |
- A. exact
- B. approximate
- C. brief
- D. definite
|
| 2 |
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
|
| 3 |
Who criticized economics as "dismal Science". |
- A. Alfred Marshall
- B. Lionel Robbins
- C. Carlyle and Ruskin
- D. J.M. Keynes.
|
| 4 |
Macro economics deals with |
- A. how to buy groceries
- B. aggregate economics activity
- C. establishment of a new firm
- D. industrial activity
|
| 5 |
Who was the exponent of welfare economics. |
- A. Alfred Marshall.
- B. Adam smith.
- C. Lionel Robbins
- D. J.M. Keynes.
|
| 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 |
Loinel Robbins wrote a book entitled "Nature and Significance of economic science" in. |
- A. 1776
- B. 1998
- C. 1931
- D. 1936
|
| 8 |
All non materials products which can satisfy human wants are called. |
- A. Economic goods
- B. Services
- C. Non-economics goods
- D. Services
|
| 9 |
Father of the political economy |
- A. Adam smith
- B. Malthus
- C. Marshall
- D. Samuelson
|
| 10 |
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
|