| 1 |
Who is called founder of modern school of thought |
- A. Robbins
- B. Cannon
- C. Keynes
- D. Malthus
|
| 2 |
Theory of sun-spot was presented by |
- A. Prof Jevons and Henry L, Moor
- B. Prof Pigou and begehot
- C. Prof Hobson
- D. Prof Cassel
|
| 3 |
Supply curve moves from left to right upward, this tendency is called |
- A. Negative
- B. Positive
- C. Horizontal
- D. Vertical
|
| 4 |
If supply does not change, then due to rise of demand |
- A. Equilibrium price increases
- B. Equilibrium price decreases
- C. Equilibrium price does not change
- D. Equilibrium quantity decreases
|
| 5 |
Nature of inter-relationship of average revenue and marginal revenue under perfect competition is |
- A. Average revenue remains more than marginal revenue
- B. Average revenue remains less than marginal revenue
- C. Marginal revenue remains less than average revenue
- D. Average revenue remains equal to marginal revenue
|
| 6 |
Factors of production are: |
- A. Two
- B. Three
- C. Four
- D. Five
|
| 7 |
If income of the government is more than its expenditures, such budget is called |
- A. Surplus budget
- B. Deficit budget
- C. Balanced budget
- D. Capital budget
|
| 8 |
During inflation increase |
- A. Exports
- B. Savings
- C. Consumption
- D. Inequality of income
|
| 9 |
Measurement of arc elasticity of demand was present: |
- A. Keynes
- B. Marshall
- C. Adam smith
- D. R.G.D Allen
|
| 10 |
Initial utility is ______ individual utilities of all the units |
- A. More than
- B. Less than
- C. Equal to
- D. None of these
|