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22. in economic wealth is the stock of all those material and immaterial objects which...
a. Are transferable
b. Have utility
c. Are scarce
d. All the three
Saba Khan economics MCQs series Iloveeconomics470@gmail.com
23. In addition to three Central problem of economy, the additional problem(s) raised by the
Modern economists is / are
a. Are the resources fully utilized or not
b. How efficient is the production and distribution system
c. Whether the capacity to produce or grow is increasing or is static
d. All the three
25. The terms Micro economic and Macro economics were coined by
a. Professor A Samuelsson
b. Giffen
c. Prof. Ranger Frisch
d. Eagle
34. The term Micro is derived from the .word which means..
a. Latin, small
b. Greek, small
c. English, tiny
d. Roman, small
37. The famous book An enquiry into the nature and causes of wealth of Nation was
written by
a. Adam Smith
b. Samuelson
c. Robertson
d. JB Say
Saba Khan economics MCQs series Iloveeconomics470@gmail.com
38. The famous book An enquiry into the nature and causes of wealth of Nation was
published in-
a. 1776
b. 1750
c. 1850
d. 1886
42. In free economy the decision about investment, saving and consumption are decided by
a. Price mechanism
b. Central bank
c. Planning Commission
d. Finance budget
43. Which of these statements is true about production possibility curve (PPC/PPF)
a. It shows various combinations of two goods which yield same level of satisfaction
b. It shows various combination of two goods which an economy can produce
with a given amount of resources
c. It shows various combination of two goods which an economy can produce with a
given budget
d. It shows various combination of two goods which an economy can produce with a
given time
Best of Luck
Akhtar Saba khan
Iloveeconomics470@gmail.com