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General Economics Test Questions
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General Economics Test Questions
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25 Questions

1. Supply curve represents -------..relationship between quantity and price.
2. If a positively sloped linear supply curve crosses the quantity axis, the elasticity of supply is:
3. Primary sector includes:
4. If a worker specializes in the production of a single good, it is called:
5. Who favoured an unbalanced budget:
6. The central theme of Keynesian Theory is:
7. Pick the odd one out:
8. The Great Depression was during:
9. Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---
10. Economic problem arises in
11. The basic principle of Public Finance is:
12. High Yielding Varieties Programme was launched in:
13. Personal income minus personal taxes is:
14. Those things that possess both utility and scarcity are called:
15. According to Keynes, unemployment is due to:
16. Which of the following are direct taxes:
17. Which of the following is not a method of national income estimation?
18. Income elasticity of demand for inferior good is:
19. National Income means:
20. Consumption of capital good in the process of production is called as:
21. Keynesian aggregate supply curve is:
22. Production is said to be efficient when:
23. When average product is at a maximum, marginal product is:
24. If the income elasticity of demand is greater than one, then the commodity is:
25. Micro economics doesn’t deal with:

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