Who said, “Economics is a science of wealth. ”
  • Marshall
  • Robbins
  • Adam Smith
  • J. K. Mehta
“Economics is a science of logic. ’’ Who said it ?
  • Hicks
  • Keynes
  • Robbins
  • Marshall
Micro Economics includes:
  • Individual unit
  • Small units
  • Individual price determination
  • All of these
Who was the father of Economics ?
  • I. B. Say
  • Malthus
  • Adam Smith
  • Joan Robinson
Who gave the definition of Economics related to welfare ?
  • Adam Smith
  • Marshall
  • Robbins
  • Samuelson
The word ‘micro’ was firstly used by:
  • Marshall
  • Boulding
  • Keynes
  • Ragnar Frish
According to whom, Economics is a science of human welfare ?
  • A Marshall
  • Paul Samuelson
  • J. S. Mill
  • Adam Smith
Which of the following is not a factor of production ?
  • Land
  • Labour
  • Money
  • Capital
The central problem of an economy is:
  • What to produce ?
  • How to produce ?
  • How to distribute produced goods ?
  • All of these
Consumer behaviour is studied in:
  • Micro Economics
  • Income Theory
  • Mac o Economics
  • None of these
Indian economy is:
  • Centrally planned economy
  • Market economy
  • Mixed economy
  • None of these.
Who used the word ‘micro’ for the first time:
  • Marshall
  • Boulding
  • Keynes
  • Ragnar Frisch
Who said economics is the ‘Science of wealth:
  • Prof. Robbins
  • Prof. J. K. Mehta
  • Prof. Marshall
  • Prof. Adam Smith
What is the shape of production possibility curve:
  • Concave to the origin
  • Concave
  • Straight line
  • None of the above.
The reason for downward shape of production possibility curve is:
  • Increasing opportunity cost
  • Decreasing opportunity cost
  • Same opportunity cost
  • Negative opportunity cost
The point of optimum utilization of resources lies on which side of PPC curve:
  • Towards left
  • Towards right
  • Inside
  • Upwards
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