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Ag. Economics-8

Q.1
The subject matter of economics dealing with large aggregates or economy as a whole is called_________.

Macro Economics
Price theory
Both


Q.2
The meaning of ‘Economics’ is most closely associated with the word_________.
unlimited
scare
None


Q.3
Which of following is/are the limitations of Macro Economics________.
It considers aggregate as homogenous
Aggregate may not important necessarily
Both


Q.4
The Economics tells us the things ought to be it means it is a___________.
Positive Science
Normative Science
Negative Science


Q.5
Rent, wage, interest and profit are related to the term_______.
Production
Consumption
Distribution


Q.6
The process of determination of rent, wages, interest and profit is called________.
Production
Consumption
Distribution

Q.7
In capitalism, all the factor of production are owned and controlled by_________.

Public sector
Private sector
Both


Q.8
The concept of Mixed economy was introduced by_________.
Adam Smith
Lionel Robbins
J.M. Keynes


Q.9
Father of Economics is__________.
Marshall
Adam Smith
Lord Keynse


Q.10
‘Welfare’ Definition was given by________.
Marshall
Lord Keynse
Robins


Q.11
‘Scarcity’ Definition was given by_______.
Robins
Lord Keynse
Marshall


Q.12
‘Growth’ Definition is given by_______.
Marshall
Robins
Lord Keynes


Q.13
Micro-Economics is also called_________.
Price theory
Income theory
Investment


Q.14
The term “ Micro” is derived from the_______word which means_______.
Latin, small
Greek, small
Roman, small


Q.15
Which of these would be classified as capital in economics?
Bhankra Dam
Golden triangle
Both


Q.16
Capital in economics means_________.
Factor of production
Fund brought in by the entrepreneur
Both


Q.17
The terms Micro economic and Macro economics were coined by_______.
Prof. Samuelson
Prof. Ragner Frisch
Giffen


Q.18
Which of these are outside the domain of macro economics?
Consumer behavior
National income
Balance of payment and trade


Q.19
Scarcity of resources means__________.
Limited resources
Non – existence of resources
Both


Q.20
The subject matter of economics dealing with an individual or tiny aggregates of population is called_________.
Macro Economics
Micro Economics
Both


Q.21
The author of Modern economic Theory book was________.
K.K.Dewatt
J.D. Verma
Subba Reddy


Q.22
Economics is a________science.
Social
physical
Environmental


Q.23
Economics is a science of________.
Choice
behavior
Both


Q.24
Economics as a positive science explains_______.
What is
What ought to be
Both


Q.25
Economics as a normative science explains__________.
What is
What ought to be
None of above

Number of score out of 25 = Score in percentage =


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