basic economics qiuz

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Who wrote the essay on the “Principles of Population” ?

Sir James Ball

Richard Baldwin

Thomas Malthus

Dean Baker

Thomas Malthus

Richard Baldwin

Sir James Ball

Dean Baker

Who wrote the essay on the “Principles of Population” ?

What do you call people who do not have a job but are looking out for one?

Unemployed

Employed

Self-employed

Not in the labor force

What do you call people who do not have a job but are looking out for one?

Unemployed

Employed

Self-employed

Not in the labor force

What do you call a market that is perfectly competitive?

Efficient

Running at a loss

Inefficient

In debt

What do you call a market that is perfectly competitive?

Efficient

Running at a loss

Inefficient

In debt

Shortage

Surplus

Opportunity

Equilibrium

What happens when there is a demand exceeds the quantity supplied in a market?

What happens when there is a demand exceeds the quantity supplied in a market?

Shortage

Surplus

Opportunity

Equilibrium

What is the alternate name for consumer price index?

Paasche Index

Laspeyres Index

Keynes Index

Mundell Index

What is the alternate name for consumer price index?

Mundell Index

Paasche Index

Laspeyres Index

Keynes Index

In 2013, what was the single most traded commodity in the world?

Natural gas

Corn

Crude oil

Coffee

In 2013, what was the single most traded commodity in the world?

Natural gas

Corn

Crude oil

Coffee

What will the sum of a country’s inflation and unemployment rates result in?

Depression

Mixed economy

Misery index

Recession

What will the sum of a country’s inflation and unemployment rates result in?

Depression

Mixed economy

Misery index

Recession

Which of the following can shift a long-run aggregate supply curve to the right?

Increase in unemployment

Advances in technology

Natural disaster

Decrease in capital

Which of the following can shift a long-run aggregate supply curve to the right?

Increase in unemployment

Decrease in capital

Advances in technology

Natural disaster

Gilt –edged market means ?

Bullion market

Market of govt. securities

Market of guns

Market of pure metals

Gilt –edged market means ?

Bullion market

Market of govt. securities

Market of guns

Market of pure metals

Which Indian got Nobel prize in economics ?

Manmohan Singh

Amarthya Sen

Raghuram Rajan

Jagadish Bhagawati

Which Indian got Nobel prize in economics ?

Manmohan Singh

Amarthya Sen

Raghuram Rajan

Jagadish Bhagawati

In India, BARTER EXCHANGE is still active at which state ?

Andhra Pradesh

Goa

Calcutta

Lucknow

In India, BARTER EXCHANGE is still active at which state ?

Andhra Pradesh

Goa

Calcutta

Lucknow

What is the year of Great Divide ?

1991

1956

1921

1931

What is the year of Great Divide ?

1991

1921

1931

1956

Who is the Father of Economics?

Alfred Marshall

J B Say

Sir Robbins

Adam smith

Who is the Father of Economics?

Alfred Marshall

J B Say

Sir Robbins

Adam smith

What is the Nature of economics?

All of the above

Cost and production

Art as well as Science

Demand and supply

What is the Nature of economics?

Cost and production

Art as well as Science

Demand and supply

All of the above

Who is the “Lender to the Last Resort”?

NABARD

SBI

RBI

All of the above

Who is the “Lender to the Last Resort”?

NABARD

SBI

RBI

All of the above

The Green Revolution is also known as...

Rice

White

Wheat

Forest

The Green Revolution is also known as...

Rice

White

Wheat

Forest

Who defined economics as the “Science of Choice Making”?

Adam smith

Alfred Marshall

Sir Robbins

Samuel sons

Who defined economics as the “Science of Choice Making”?

Adam smith

Alfred Marshall

Sir Robbins

Samuel sons