Basics of Economics

M

Mr. Dubey • 51.17K Points
Coach

Q 21. The branch of Economics that deals with economic aggregate is called:

(A) micro economics
(B) development economics
(C) macro economics
(D) welfare economics
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M

Mr. Dubey • 51.17K Points
Coach

Q 22. ‘The General Theory’, was published in :

(A) 1776
(B) 1890
(C) 1936
(D) 1950
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M

Mr. Dubey • 51.17K Points
Coach

Q 23. Author of the book ‘The General Theory of Employment, Interest and Money’:

(A) karl marxq
(B) j.b. say
(C) j.m. keynes
(D) adam smith
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M

Mr. Dubey • 51.17K Points
Coach

Q 24. Pick the odd one out:

(A) j.b. say
(B) david ricardo
(C) adam smith
(D) j.m. keynes
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M

Mr. Dubey • 51.17K Points
Coach

Q 25. J.B. Say was a ---------------Economist.

(A) swedish
(B) german
(C) french
(D) american
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M

Mr. Dubey • 51.17K Points
Coach

Q 26. Temporary unemployment is -------------, according to the Classical economists:

(A) impossible
(B) permanent
(C) possible
(D) none of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 27. The equilibrium price is determined by the forces of:

(A) supply only
(B) demand only
(C) both demand and supply
(D) none of these
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M

Mr. Dubey • 51.17K Points
Coach

Q 28. The Great Depression was during:

(A) 1930s
(B) 1920s
(C) 1940s
(D) 1830s
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M

Mr. Dubey • 51.17K Points
Coach

Q 29. Self interest, competition, profit motive are the features of:

(A) socialism
(B) capitalism
(C) marxism
(D) mixed economy
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M

Mr. Dubey • 51.17K Points
Coach

Q 30. Equilibrium in the economy is settled by ---------, according to the Classicals.

(A) centralized planning
(B) price mechanism
(C) both the planning and price mechanism
(D) none of these
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