Economics MCQs For Lectureship CSS PMS And NTS Part VI

Economics MCQs For Lectureship CSS PMS And NTS Part VI. Economics MCQs For Lectureship CSS PMS And NTS Part VI.

Economics MCQs For Lectureship CSS PMS And NTS Part VI

1 What concept did Marshall used in his definition of economics?

Material welfare

2 What is “Wealth of Nations”?

Is a book

3 Can you name the famous book of Alfred Marshall?

Principles of Economics

4 What does Economic Theory means?

Principles of economics

5 What Robbins actually talks about in his definitions?

Scarcity of resources

6 What does Market system means?

Capitalism

7 When was ‘Wealth of Nations’ authored?

1776

8 Utility and usefulness are two

Different concepts

9 Due to which reason the validity of economic theories can never be proved with 100% certainty?

Ceteris Paribus clause

10 When a consumer is in equilibrium?

When marginal utilities are equal

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