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Free tnpsc model questions Online Test - MeritNotes
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No. of Questions :10
Remaining Time :
1. The consumer will buy _____ at lower prices.
(a)
Equal
(b)
Less
(c)
More
(d)
Neither less or more
2. The socialist economy is also known as _____ economy.
(a)
Mixed
(b)
Traditional
(c)
Market
(d)
Command
3. There are _____ important methods for calculating price elasticity of demand
(a)
2
(b)
3
(c)
4
(d)
5
4. The demand for labour is _____
(a)
Derived demand
(b)
Direct demand
(c)
Effective demand
(d)
Elastic demand
5. To explain rent, _____ economists make use of the term transfer earning.
(a)
New Classical
(b)
Today
(c)
Classical
(d)
Modern
6. According to Lionel Robbins economics is a _____ science.
(a)
Natural
(b)
Normative
(c)
Physical
(d)
Positive
7. The pricing of factors of production is called
(a)
Distribution
(b)
Exchange
(c)
Production
(d)
Consumption
8. In economics, wants are classified into _____ categories.
(a)
2
(b)
3
(c)
4
(d)
5
9. Psychology is the science of _____
(a)
Atmosphere
(b)
Circumstances
(c)
Mind
(d)
Body
10. According to _____, wages are paid out of the residue that is left over after making payment of rent, interest and profits.
(a)
Walker
(b)
Marshall
(c)
Hawley
(d)
Adam Smith