100+ Economics Quiz Questions and Answers Pdf - 1
Question: 1
The author of liquidity preference theory is _____
(A) Samuelson
(B) Knight
(C) J.M. Keynes
(D) Marshall
Ans: C
J.M. Keynes
Question: 2
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
Ans: A
Walker
Question: 3
The socialist economy is also known as _____ economy.
(A) Mixed
(B) Traditional
(C) Market
(D) Command
Ans: D
Command
Question: 4
According to Lionel Robbins economics is a _____ science.
(A) Natural
(B) Normative
(C) Physical
(D) Positive
Ans: D
Positive
Question: 5
The basic economic problems are common to _____
(A) Mixed economy
(B) Socialism
(C) Capitalism
(D) All the above
Ans: C
Capitalism
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