Home

In 1932, The nature and significance of economic science was written by:

A. Prof. Adam Smith

B. Prof. Alfred Marshal

C. Prof. Robbins

D. J.S.Mill

Correct Answer : C.


Download Objective type questions of Basics of Economics PDF

Visit our PDF store

Get all objective type questions of Basics of Economics MCQ

Also checkout these categories

Microsoft PowerPoint MCQ Current Affairs August 2017 MCQ Indian Polity & Economy MCQ Steam Boilers, Engines, Nozzles & Turbines MCQ General Biology MCQ Alligation or Mixture MCQ General Science MCQ Engineering Mechanics MCQ Average MCQ Phylum - Arthropoda MCQ Coding Decoding MCQ Permutation MCQ

Please do not use chat terms. Example: avoid using "grt" instead of "great".

Submit
Load More..
You can do it
  1. Elasticity (E) expressed by the term, 1>E>0, is:
  2. Who introduced the concept of Elasticity of Demand into economic theory?
  3. Cross-elasticity of demand or cross-price elasticity between two perfect substitutes will be:
  4. In the immediate run:
  5. Law of Diminishing Marginal Utility is practically untrue because:
  6. In joint-profit maximization cartel, central agency sets the:
  7. A decrease in demand lowers the price the most:
  8. In monopolistic competition, the aim of the firm is to:
  9. If the commodities X and Y are perfect complements then:
  10. Marginal utility equals:
  11. The CES production function shows:
  12. A high value of cross-elasticity indicates that the two commodities are:
  13. Total utility:
  14. MC is given by:
  15. In monopolistic competition, because of difference in choices, the firm charges:
  16. The main contribution of Malthus is in the field of:
  17. If the production increases under decreasing returns to scale, the cost will:
  18. If demand is elastic and supply is inelastic then the burden of a tax on the good will be:
  19. Variable cost includes the cost of:
  20. Production function shows:
  21. If the price of Pepsi Cola goes down, you would predict:
  22. The arc elasticity is the measure of average elasticity at the mid-point of the chord and connects:
  23. Price is measured in:
  24. Decrease in demand results in:
  25. The income effect means that consumer purchase more when:
  26. To attain maximum profits during short-run a firm should produce the output that will:
  27. If the marginal utility of apples to a consumer exceeds that of bananas then the consumer:
  28. The situation of single buyer and single seller is called:
  29. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  30. Who first formulated the Marginal Productivity Theory of Distribution?