Introduction to Micro Economics
Online Quiz in Introduction to Micro Economics in Economics for preparation of professional exams of CA cpt, CA foundation, CS foundation, CMA foundation , And Also for B.com, M.com, MBA
Introduction to Micro Economics-Test 2
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Subject : General Economics Questions : 30
Chapter :Introduction to Micro Economics-Test 2
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Question 1 of 30
1. Question
1 pointsWhich of these is an example of Macro economics:
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Question 2 of 30
2. Question
1 pointsIn a capitalist economy the allocation of resources is performed by ————
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Question 3 of 30
3. Question
1 pointsWhich of the following statement is incorrected?
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Question 4 of 30
4. Question
1 pointsInequalities of income do not perpetuate in ————–
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Question 5 of 30
5. Question
1 pointsWhich of the following are the features of a Mixed economy ?
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Question 6 of 30
6. Question
1 pointsNormative Economics is based on :
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Question 7 of 30
7. Question
1 pointsDual system of pricing exist in :
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Question 8 of 30
8. Question
1 pointsIn inductive method ,logic proceeds from :
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Question 9 of 30
9. Question
1 pointsIn a capitalist economy , allocation of sources is done by ————–
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Question 10 of 30
10. Question
1 pointsA capitalist Economy follows the policy of ————
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Question 11 of 30
11. Question
1 points“Economics is the science of choice making ” it implies ————
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Question 12 of 30
12. Question
1 pointsWhich of the following is a part of the subject matter of macro economics?
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Question 13 of 30
13. Question
1 pointsThe usual shape of production possibility curve is ———– towards the origin
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Question 14 of 30
14. Question
1 pointsWhat will be the shape of Production possibility curve when marginal opportunity cost is constant?
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Question 15 of 30
15. Question
1 pointsA capitalist economy is by and large ————
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Question 16 of 30
16. Question
1 pointsDeductive and Inductive methods are complimentary to each other. It is ————
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Question 17 of 30
17. Question
1 pointsA free market economy’s driving force is ————-
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Question 18 of 30
18. Question
1 points“Economics is neutral between ends” . the statement is given by ————
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Question 19 of 30
19. Question
1 pointsA system of economy in which all the means of production are owned and controlled by the private individuals for the purpose of profit , is called
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Question 20 of 30
20. Question
1 pointsWhere does price mechanism exists?
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Question 21 of 30
21. Question
1 pointsEconomy which is concerned with welfare proposition is called
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Question 22 of 30
22. Question
1 pointsIn which among the following systems the “Right to property” exists
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Question 23 of 30
23. Question
1 pointsPositive science only explains ————
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Question 24 of 30
24. Question
1 pointsSocialist economy is also known as ————-
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Question 25 of 30
25. Question
1 pointsWho has defined economics a “Science which deals with wealth”?
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Question 26 of 30
26. Question
1 pointsProduction possibility curve is also known as ————-
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Question 27 of 30
27. Question
1 pointsWhich of the following is not a feature of a capitalist economy?
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Question 28 of 30
28. Question
1 pointsThe term Mixed economy denotes —————
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Question 29 of 30
29. Question
1 pointsThe most important function of an entrepreneur is to ————
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Question 30 of 30
30. Question
1 pointsUnder inductive method logic proceeds from ————-
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