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Ag. Economics-9

Q.1
Which of the following definition of Economics include the concept of “scale of preference?

Wealth definition
Income definition
Scarcity definition
Growth definition


Q.2
Economic is primarily a study of__________.
Wealth
Man
welfare
Money


Q.3
The creation of utility by the way of marketing is called as_________.
Production
Consumption
Distribution
Exchange


Q.4
The definition of Economics given by Alfred Marshall has neglected_________.
Material welfare
Both
Non-material welfare
None


Q.5
Rent , wages, interest and profit are related to the term__________.
Production
Exchange
Consumption
Distribution


Q.6
Economic is a____________.
Science
Art
Both
None

Q.7
Economics laws are_________.

Hypothetical
Certain
Exact
None


Q.8
Agricultural economics is an applied field of_______.
Politics
management
Economics
society


Q.9
Study of the economy as a whole (national level) is known as___________.
Microeconomics
Socioeconomics
Macroeconomics
None


Q.10
Micro economics theory deals with_______.
Economic behavior of individual economic decision making units
Trade relations
Economy as a whole
Economic growth of the society


Q.11
Normative economic theory deals with______.
What is or how the economic problem facing the society are solved
What to Produce
How the problem should be solved
How to produce


Q.12
In a mixed economy which sector(s) is/ are found______.
Private Only
Public sector only
None
Both a and b


Q.13
Economic resources are________.
Unlimited
Limited in supply but have alternative uses
Limited in supply and use
Unproductive


Q.14
The famous book “An enquiry into the nature and causes of wealth of Nation” was written by –_________.
Adam Smith
Robertson
Samuelson
JB Say


Q.15
The famous book “An enquiry into the nature and causes of wealth of Nation” was published in-_______.
1776
1850
1750
1886


Q.16
Economics cannot be considered a perfect science because_______.
Human behaviour is unpredictable
Economist do not have common opinion about a particular economic event
It is difficult to make correct prediction of economic variables
All the three


Q.17
The basic assumption of an economic analysis is/ are________.
Cetris paribus
Rational behavior
Both
None


Q.18
________is known as father of economics.
Adam Smith
Alfred Marshall
Prof. Samuelson
J R Hicks


Q.19
44. ________ is the power regulated of all the economy activity in capitalistic economy.
Demand
Price
Supply
Consumption


Q.20
__________refers to destruction of utility.
Cosumption
exchange
production
None


Q.21
Consumption is destruction of __________.
Product
Utility of goods
Good
All a, b & c


Q.22
Production is ______.
Creation of utility
Destruction of utility
Distribution of good
None


Q.23
Consumption Goods are also called goods of the_________.
First order
Last order
Second order
None


Q.24
Which of the following is/ are not an economic resource?
Land
Labour
Capita
Air


Q.25
Which of the following is/ are an economic resource?
Land
Labour
Capita
All the three

Number of score out of 25 = Score in percentage =


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