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