Question # 1

The supply of perishable goods is:

Choose an answer

Fixed

Variable

Minor change

Zero

The supply of land is:

Choose an answer

Infinity

Fixed

Variable

Zero

Which economist presented the Cardinal Theory of Utility:

Choose an answer

Marshall

Canon

Kroose

J.B Say

Reward for capital is called:

Choose an answer

Rent

Interest

Wages

Profit

The economy gets prosperity during:

Choose an answer

Recession

Boom

Depression

Recovery

What remains after deduction of direct taxes from the personal incom:

Choose an answer

NNI

DPI

NDI

GNP

International trade has the benefits:

Choose an answer

One

Unlimited

Two

Three

Canons of taxation describes

Choose an answer

Marshall

Keynes

Robbins

Adam Smith

The other name of law of decreasing return is:

Choose an answer

Law of decreasing cost

Law of increasing cost

Law of constant cost

Law of increasing returns

The elasticity of demand of durable goods is:

Choose an answer

Zero

More than unity

Less than unity

Equal to unity

What was the difficulty in the barter System:

Choose an answer

Excess of goods

Difference language

Lack of co-incidence

Difference in proffession

More Classes

Other Links

NAT I General Science Economics MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer