(A) Samuelson
(B) Robbins
(C) Adam Smith
(D) Alfred Marshall
Category: Economics Mcqs
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Growth definition by Samuelson has:
(A) An element of time in its.
(B) Touches about economic growth and welfare concepts.
(C) Talks about the problem of scarcity of resources.
(D) All of the above
Bank deposits that can be withdrawn without notice are called?
(A) Fixed deposits
(B) Account payee deposits
(C) Variable deposits
(D) Demand deposits
An expenditure that has been made and can not be recovered is called?
(A) Opportunity cost
(B) Variable cost
(C) Sunk cost
(D) Operational cost
Practice of selling goods in a foreign country at a price below their domestic selling price is called?
(A) Discrimination
(B) Diplomacy
(C) Dumping
(D) Double pricing
Who propounded the Market Law?
(A) J.B. Say
(B) Adam Smith
(C) David Recardo
(D) T.R. Malthus
Which is the classification of industries on the basis of raw materials?
(A) Small scale-large scale
(B) Primary and secondary
(C) Basic and consumer
(D) Agro based and mineral based
Engel’s Law states the relationship between?
(A) Quantity demanded and the tastes of a consumer
(B) Quantity demanded and the price of a commodity
(C) Quantity demanded and price of substitutes
(D) Quantity demanded and income of the consumers