CSS :: Nature and Scope of Economics
|
|
|
|
|
|
| 21. |
Marshall in his definition of economics: |
| A. |
Uses the concept of material welfare |
B. |
Dislikes wealth |
| C. |
Accuses Adam Smith |
D. |
Praises Robbins |
Answer: Option A
Explanation:
|
| 22. |
"Wealth of Nations": |
| A. |
Is another name for United Nations |
B. |
Is a book |
| C. |
Indicates total wealth of rich countries |
D. |
Contains formulas to earn wealth |
Answer: Option B
Explanation:
|
| 23. |
Marshall wrote the book: |
| A. |
Introduction to economics |
B. |
Principles of economics |
| C. |
Classical economics |
D. |
Microeconomic theory |
Answer: Option B
Explanation:
|
| 24. |
Economic theory means: |
| A. |
Economic policy |
B. |
Principles of economics |
| C. |
Descriptive economics |
D. |
Economic facts |
Answer: Option B
Explanation:
|
| 25. |
Robbins in his definition: |
| A. |
Talks of scarcity of resources |
B. |
Preaches moral values |
| C. |
Advises neutrality in economics |
D. |
None of the above |
Answer: Option A
Explanation:
|
| 26. |
Market system means: |
| A. |
Socialism |
B. |
Capitalism |
| C. |
A place where goods are traded |
D. |
All of the above |
Answer: Option B
Explanation:
|
| 27. |
One or more persons living together and having a common budget is called: |
| A. |
A family |
B. |
Organisation |
| C. |
Household |
D. |
All commodities in a house |
Answer: Option C
Explanation:
|
| 28. |
"Wealth of Nations" was written in: |
Answer: Option C
Explanation:
|
| 29. |
Economic principles are also called: |
| A. |
Economic law |
B. |
Economic theory |
| C. |
Economic model |
D. |
All of the above |
Answer: Option D
Explanation:
|
| 30. |
"Wealth of nations" was written by: |
| A. |
Adam Smith |
B. |
Malthus |
| C. |
Marshall |
D. |
Newton |
Answer: Option A
Explanation:
|
Read more:
|
|
