Q.1)-From the national point of view which of the following indicates Micro Approach?
  • Per capita income in India
  • Study of sales of TISCO
  • Inflation of India
  • Educated Unemployment in India
Q.2)-The theory of distribution relates to which of the following?
  • The distribution of assets
  • The distribution of income
  • The distribution of factor payments
  • Equality in the distribution of the income and wealth
Q.3)-The problem of Economics arises from-
  • Plenty
  • Scarcity of goods
  • More wants and less goods
  • All of the above
Q.4)-Why is rent earned by land even in the long run?
  • Land has original and indestructible power
  • Land is a man made factor
  • Its supply is inelestic in the short run
  • Its supply is inelestic in the long run
Q.5)-Who is called the father of Economics?
  • J.M. Keynes
  • Malthus
  • Ricardo
  • Adam Smith
Q.6)-The four factors of production are-
  • Land, labour, capital, organisation
  • Land, electricity, water labour
  • Labour, capital, land rainfall
  • Labour, climate, land, rainfall
Q.7)-Division of labour is the result of-
  • Complicated work
  • Excessive pressure
  • Excess supply of labour
  • Specialisation
Q.8)-Who said, "Economics is the Science of Wealth"?
  • Robbins
  • J.S. Mill
  • Adam Smith
  • Keynes
Q.9)-Micro-economics is also called-
  • Income theory
  • Investment theory
  • Price theory
  • Expenditure theory
Q.10)-Quasi rent is a ____ phenomenon.
  • Medium time
  • Long time
  • Short time
  • No time