Tag: Economics Quiz

MCQs Economics – 2

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

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

 
 
 
 

2. When does national income increases

 
 
 
 

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

 
 
 
 

4. Who criticized Prof. Robbin’s definition?

 
 
 
 

5. What was the difficult of the “barter system”?

 
 
 
 

6. Inflation on prices

 
 
 
 

7. International trade has the benefits

 
 
 
 

8. Canons of taxation describe

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

13. When the price falls, supply will be

 
 
 
 

14. What is deducted from GNP finds GDP?

 
 
 
 

15. The slope of a demand curve is

 
 
 
 

16. Which economist presented the Cardinal Theory of Utility

 
 
 
 

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

 
 
 
 

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

 
 
 
 

19. The elasticity of demand for durable goods is

 
 
 
 

20. Phases of the trade cycle are

 
 
 
 

Try MCQs Economics Test 1