Q.1 A Science of wealth definition of Economics was given by_________.
Adam Smith J M keynes Lonel Robbins
Q.2 The motor car for a busy doctor in big city like Bombay is a__________.
Free good Necessary Comfort
Q.3 When a Government runs an undertaking the business, it is called________.
Individual enterprise Partnership enterprise Public enterprise
Q.4 According to law of supply, when price of eggs falls its supply_______.
Increasing Decresing Remain same
Q.5 Wants efforts and satisfaction sum up the subject matter of__________.
Macro-economics Econometrics Micro-economics
Q.6 Human wants are unlimited and the means to satisfy them are__________.
Plenty Fixed Limited
Q.7 When total utility is maximum, marginal utility is_____________.
Minimum Equal Zero
Q.8 The minimum of a person required to start a joint stock company is_________.
Ten Eleven Seven
Q.9 Capital that finishes up in one use is called________.
Working capital Non-cash fixed cost Fixed capital
Q.10 Decrease in demand means the same quantity is demanded at a__________.
Same Price Higher Price Lower Price
Q.11 Free goods have a great value in exchange___________.
Value in exchange Materials goods Value in use
Q.12 The part of wealth which is used for further production of wealth is called___________.
Working capital Sunk capital Fixed capital
Q.13 The law of equi-marginal utility is as also known as the law of__________.
Substitution Constant return Minimum satisfaction
Q.14 The example of non-material good is________.
Building Good will of a business Sunshine
Q.15 Hospitals, Roads and Roadways are considered as___________.
Private goods Free goods Public goods
Q.16 When general price level increases, value of money___________.
Increasing Constant Decreasing
Q.17 The money paid to a worker for his work is known as_______.
Real wages Nominal wages Wages in kind
Q.18 Increases in supply signifies that same quantity is offered at________.
Higher price Lower price Same price
Q.19 Amul Dairy is an example of___________.
State enterprise Co-operative enterprise Joint stock company
Q.20 The price at which demand and supply are equal, is known as___________.
Fixed price Factor price Equilibrium price
Q.21 The supply of land is perfectly___________.
Elastic Inelastic Both
Q.22 Price of petrol is an example of_____________.
Minimum price Administered price Floor price
Q.23 The minimum support price is declared by the Government___________.
Before sowing season of the crop After harvesting of the crop If farmers demand
Q.24 A Person in Delhi can send Rs.500/- to Bombay and village Kisanpur quickly and safely, he can used the credit instrument__________.
A bill of exchange Bearer cheque Crossed cheque
Q.25 The theory of international trade is based on the principle of________.
Equal cost Comparative cost Absolute cost
Number of score out of 25 = Score in percentage =
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