MCQs Economics Quiz 2

Online MCQs about the subject of Economics. There are 20 MCQs about Economics. Let us start with the MCQs Economics Quiz.

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

1. International trade has the benefits

 
 
 
 

2. Who criticized Prof. Robbin’s definition?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

7. Inflation on prices

 
 
 
 

8. Canons of taxation describe

 
 
 
 

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

 
 
 
 

10. What is deducted from GNP finds GDP?

 
 
 
 

11. When does national income increases

 
 
 
 

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

 
 
 
 

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

 
 
 
 

14. When the price falls, supply will be

 
 
 
 

15. Which economist presented the Cardinal Theory of Utility

 
 
 
 

16. The slope of a demand curve is

 
 
 
 

17. The elasticity of demand for durable goods is

 
 
 
 

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

 
 
 
 

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

 
 
 
 

20. Phases of the trade cycle are

 
 
 
 


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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