| 1 |
According to which economist, duration of a trade cycle is 9 to 10 years |
- A. Prof Kitchen
- B. Prof Jugglar
- C. Prof Pigou
- D. Prof Kondratieff
|
| 2 |
One of the following is not called land |
- A. Rain
- B. Mountain
- C. Forests
- D. Mangla Dam
|
| 3 |
One of the following is not the monetary measure to control inflation |
- A. Increase in bank rate
- B. Open market operation
- C. Increase in the ratio of reserve capital of the banks
- D. Increase in taxes
|
| 4 |
Which economist stated that utility is not measurable |
- A. Adam Smith
- B. Marshall
- C. Cannon
- D. Hicks
|
| 5 |
Economist who presented the first law of consumption |
- A. Marshall
- B. Adam smith
- C. Robbins
- D. Pigou
|
| 6 |
Utility of the last unit of a commodity consumed is called |
- A. Positive utility
- B. Negative utility
- C. Total utility
- D. Marginal utility
|
| 7 |
In modern term, factors of production are called |
- A. Inputs
- B. Productive services
- C. Inputs and productive services
- D. Production of goods and services
|
| 8 |
Price discrimination policy refers to: |
- A. Single price
- B. Two prices
- C. Multiple prices
- D. None of these
|
| 9 |
One of the following is not included in the characteristics of labour |
- A. Labour and labourer cannot be separated
- B. Labour can be stored
- C. Labour has limited mobility
- D. Supply of labour is inelastic
|
| 10 |
Equilibrium of national income is, when |
- A. S > 1
- B. S = 1
- C. S < 1
- D. S and 1
|