General Economics

Level of Knowledge : Basic knowledge

Objective :

1. Who gave the positive aspect of science?

a) Alfred Marshall
b) Pigou
c) Adam Smith
d) Robbins

2. Mixed economy means:-

a) Coexistence of both private and public sector
b) Coexistence of poor and rich people
c) Both a and b
d) None

3. Which of these is a part of micro economics?

a) Factor pricing
b) National income
c) Balance of Payment
d) None

4. Which of these is an example of macro economics?

a) Problem of unemployment in India
b) Rising price level in the country
c) Increase in disparities of income
d) All of the above

5. When price falls by 5% and demand increases by 6% then elasticity of demand is ________

a) Elastic
b) Inelastic
c) Unitary elastic
d) Zero