Economics MCQ Questions and Answers

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Q141
"Human Welfare is the subject of Economics." This statement is associated with the name of which of the economists ?
  • A Marshall
  • B Pigou
  • C Penson
  • D All of the above
Answer: Option D
Q142
Who has given scarcity definition of economics ?
  • A Adam Smith
  • B Marshall
  • C Robbins
  • D Robertson
Answer: Option C
Q143
"Economics is a science" the basis of this statement is-
  • A Relation between cause and effect
  • B Use of deductive method and inductive method for the formations of laws
  • C Experiments
  • D All of the above
Answer: Option D
Q144
Characteristics of economic laws are-
  • A Mere statements of economic tendencies
  • B Less certain
  • C Hypothetical
  • D All of the above
Answer: Option D
Q145
Which theory is generally included under micro economics ?
  • A Price Theory
  • B Income Theory
  • C Employment Theory
  • D None of the above
Answer: Option A
Q146
When total utility becomes maximum, then marginal utility will be-
  • A Minimum
  • B Average
  • C Zero
  • D Negative
Answer: Option C

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