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The General Theory of Employment, Interest and Money is the major work of :

A. N.Kaldor

B. Alfred Marshal

C. J.M.Keynes

D. J.S.Duesenberry

Correct Answer : C.


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  1. With an increase in income, consumer is expected to buy more of:
  2. The market demand shedule is determined by:
  3. In the long-run:
  4. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  5. Kinked Demand Curve is consistent with which one of the following market situations?
  6. Which cost increases continuously with the increase in production?
  7. Scarcity means:
  8. Of the following, which one corresponds to fixed cost?
  9. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  10. In monopolistic competition, the firms face:
  11. Elasticity (E) expressed by the term, 8 >E>1, is:
  12. In 1890, Principles of Economics was written by:
  13. In case of monopoly, the slope of MR is:
  14. If in the long run all factor inputs are increased three times and the resulting output is four times…
  15. If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the…
  16. Revealed Preference Theory was presented by:
  17. If the price of coffee increases, you would predict that:
  18. By saying that monopolist create a contrived scarcity, economist mean that monopolist:
  19. The budget-line is also known as the:
  20. An individual consumers demand is not determined by:
  21. At low prices, demand is likely to be:
  22. If the increase in demand is more than the increase in supply, the price will:
  23. The coefficient of the price elasticity of demand is computed as the absolute value of the percentage…
  24. The factors of production in perfect competition are:
  25. The Tit for Tat strategy means cooperation by the 2nd firm if:
  26. Average cost means:
  27. Rational economic behavior on the part of the consumer means that he will:
  28. Law of Variable Proportions is regarding in:
  29. A budget line shows:
  30. Which of the following theories of trade cycle was presented by William Jevons?