MCQs Economics Quiz 2

Online MCQs about the subject of Economics. There are 20 MCQs about Economics and this economics quiz will help you prepare Economics MCQs for Lecturer & Subject Specialist Exams. Answer the following multiple-choice questions and press ‘Submit‘ to get your score. Let us start with the MCQs Economics Quiz.

MCQs Economics for the preparation of different Job and educational degree-related tests and examinations.

1. What remains after the deduction of direct taxes from personal income

 
 
 
 

2. Canons of taxation describe

 
 
 
 

3. According to the law of diminishing marginal utility, the marginal utility

 
 
 
 

4. The unity method of elasticity of demand was presented by

 
 
 
 

5. Which economist presented the Cardinal Theory of Utility

 
 
 
 

6. Inflation on prices

 
 
 
 

7. International trade has the benefits

 
 
 
 

8. The slope of a demand curve is

 
 
 
 

9. Phases of the trade cycle are

 
 
 
 

10. The elasticity of demand for durable goods is

 
 
 
 

11. Consumer goods are those goods that are used by a man

 
 
 
 

12. When the price falls, supply will be

 
 
 
 

13. Who criticized Prof. Robbin’s definition?

 
 
 
 

14. The quality of a good which satisfies a human want is called as

 
 
 
 

15. Who is the writer of “The Wealth of Nations”?

 
 
 
 

16. Who wrote “The Nature and Significance of Economics”?

 
 
 
 

17. What is deducted from GNP finds GDP?

 
 
 
 

18. What was the difficulty of the “barter system”?

 
 
 
 

19. When does national income increases

 
 
 
 

20. When the price of a product falls, supply will be

 
 
 
 


MCQs Economics Quiz

  • When the price of a product falls, supply will be
  • When the price falls, supply will be
  • The slope of a demand curve is
  • Who is the writer of “The Wealth of Nations”?
  • When does national income increases
  • Inflation on prices
  • Phases of the trade cycle are
  • International trade has the benefits
  • Canons of taxation describe
  • Who wrote “The Nature and Significance of Economics”?
  • Who criticized Prof. Robbin’s definition?
  • Which economist presented the Cardinal Theory of Utility
  • The quality of a good which satisfies a human want is called as
  • According to the law of diminishing marginal utility, the marginal utility
  • Consumer goods are those goods that are used by a man
  • The elasticity of demand for durable goods is
  • The unity method of elasticity of demand was presented by
  • What remains after the deduction of direct taxes from personal income
  • What is deducted from GNP finds GDP?
  • What was the difficulty of the “barter system”?
MCQs Economics Quiz

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