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  • 1.
    Macroeconomics as a separate branch came to be studied after the contributions of which economist?
    A. Adam Smith B. John Maynard Keynes
    C. F. Hayek D. Samuelson
    E. None of these
    Ans
    B
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  • 2.
    Relationship between price of relation goods and quantity of a particular commodity is called as
    A. Income-demand B. Market-demand
    C. Cross-demand D. Price-demand
    Ans
    C
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    mainly asked in :
    SSC 10+2 2013

  • 3.
    Total demand for goods and services at various levels of employment is called as
    A. Effective demand B. National demand
    C. Market demand D. Employment demand
    Ans
    A
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    mainly asked in :
    SSC 10+2 2013

  • 4.
    All economic goods are considered as ________ in economics.
    A. Wealth B. Money
    C. Capital D. Materials
    Ans
    A
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    mainly asked in :
    SSC 10+2 2013

  • 5.
    The ‘break-even’ point is where
    A. marginal revenue equals marginal cost B. average revenue equals average cost
    C. total revenue equals total cost D. None of the above
    Ans
    C
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    mainly asked in :
    CGLTier 1 2011

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