(QUIZ) Economy MCQs : An Introduction

(QUIZ) Economy MCQs : An Introduction

1. Consider the following statements.

1. Macro economics examines the economic behavior of individual. 
2. Microeconomics studies national income, poverty employment etc.

Which of the above statements is / are true.

1. Both 1 & 2
2. 1 only
3. 2 only
4. Neither 1 nor 2

2. Consider the following statements.

1. Keynesian theory says that state cant stimulate economic growth. 
2. Keynesian theory were first published in the General theory of Employment.
3. Keynesian theory can work only in developed country.

Which of the above statements is / are true.

1. 2 only
2. 1 & 3 only
3. 1 & 2 only
4. 1, 2 & 3 only

3. Consider the following statements.

1. Development economics mainly works in low-income countries.
2. The most prominent development economists are Nobel laureates Amartya Sen & Joseph Stiglitz.

Which of the above statements is / are true.

1. 1 only
2. 2 only
3. Both 1 & 2
4. Neither 1 nor 2

4. Consider the following statements.

1. Green economics supports the interaction between humans & nature.
2. Economic growth can be measure from GNP & GDP.
3. GNP is defined as the total market value of all final goods & services produced within the country in a given period of time.

Which of the above statements is / are true.

1. 2 & 3 only
2. 1 & 2 only
3. 1, 2 & 3 only
4. 1 & 3 only

5. Consider the following statements.

1. Nominal GDP refers to the current year production of final goods & services valued at current year.
2. Real GDP refers to the current year production of goods & service valued at base year prices.
3. In estimating GDP, only final marketable goods & services are considered.

Which of the above statements is / are true.

1. 1 & 2 only
2. 2 & 3 only
3. 1 & 3 only
4. 1, 2 & 3

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