Question # 1

Other tern used for demand for factor is:

Choose an answer

Initial demand

derived demand

Direct demand

Cross demand

One rupee note in paper money is

Choose an answer

Inconvertible paper money

Convertible paper money

Limited legal tender money

Unlimited legal tender money

Balance of payment of a country is balanced when its

Choose an answer

Receipts are more than payments

Receipts are less than payments

Receipts are equal to payments

None of three

Study of large aggregated of economic system is called

Choose an answer

Micro economics

Macro economics

Applied economics

All the three

In which year Kenyens wrote his book "General theory of employment, interest and money

Choose an answer

1929

1931

1934

1936

Quantity theory of money failed during world economic depression

Choose an answer

In 1920

In 1925

In 1929

In 1935

Unitary method for Elasticity of demand was presented by:

Choose an answer

Marshall

Keynes

Robbins

Adam smith

In private finance the individuals estimate their income and expenditures

Choose an answer

Daily

Weekly

Monthly

Yearly

The duty of a market is not to

Choose an answer

make exchange of goods

contact buyers and sellers

determine price

give maximum output

Which one of the following is included in balance of trade

Choose an answer

Visible goods

Invisible goods

Visible & invisible goods

All the three

The equilibrium of the market is that demand and supply to each other are

Choose an answer

opposite

positive

equal

negative

If demand curve is parallel to y-axis, then elasticity of demand is

Choose an answer

Equal to unity

More than unity

Less than unity

Zero

After subtracting depreciation allowance from gross national product is known

Choose an answer

National income

Net national product

Personal income

Gross domestic product

A textile mill produces 2000 meters cloth. Entrepreneur offers 1500 meters cloth to sell at price Rs 100 per meter and 500 meters cloth keeps with him. Cloth kept by the entrepreneur is called

Choose an answer

Total production

Supply

Stock

Surplus production

Under consumption or over saving theory is presented by

Choose an answer

Prof Hobson, Foster and Catchings

Prof Hawtrey

Prof Keynes

Prof Jevons

Marginal utility curve moves

Choose an answer

From left to right downward

From left to right upward

Parallel to ox axis

Parallel to oy axis

More Classes

Other Links

Principles of Economics Icom Part 1 English Medium Online Test 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

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer