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