'Economics is a study of mankind in the ordinary business of life' - It is the statement of

(a)

Adam Smith

(b)

Lionel Robbins

(c)

Alfred Marshall

(d)

Samuelson

Growth definition takes into account

(a)

The problem of choice in the dynamic framework of Economics

(b)

The problem of unlimited means in relation to wants

(c)

The production and distribution of wealth

(d)

The material welfare of human beings

Identify the correct characteristics of utility

(a)

It is equivalent to 'usefulness'

(b)

It has moral significance

(c)

It is same as pleasure

(d)

It depends upon consumer's mental attitude

The term or word 'Economics' comes from language

(a)

Latin

(b)

Ancient Greek

(c)

Spanish

(d)

British

_______ which analyses the interrelationship between economy and Environment.

(a)

Rural Economics

(b)

Health Economics

(c)

Environmental Economics

(d)

Developmental Economics

The basis for the law of demand is related to

(a)

Law of Diminishing Marginal Utility

(b)

Law of Supply

(c)

Law of Equi-Marginal Utility

(d)

Gossen's Law

The indifference curve are

(a)

vertical

(b)

horizontal

(c)

positive sloped

(d)

Negatively sloped

The demand curve slopes upwards from left to right known as

(a)

Exceptional demand curve

(b)

Shift in demand curve

(c)

Extension and contraction demand curve

(d)

Steep sloping demand curve

The cardinal utility approach was criticised by the English Economist

(a)

J.R.Hicks  

(b)

R.GD. Allen

(c)

F.W. Edgeworth

(d)

J.M. Keynes

The relationship between the price of a commodity and the supply of commodity is

(a)

Negative

(b)

Positive

(c)

Zero

(d)

Increase

__________ represent Human capital.

(a)

Money

(b)

Efficiency

(c)

Hard work

(d)

All the above

Reward paid to capital is

(a)

Interest

(b)

Profit

(c)

Wages

(d)

Rent

As a factor of production, tools and accessories constitute_____________.

(a)

land

(b)

labour

(c)

capital

(d)

enterprise

_____________refers to all those natural resources or gifts in nature which are provided free to man.

(a)

Land

(b)

Labour

(c)

Capital

(d)

Organisation

Money cost is also known as _____ cost.

(a)

explicit

(b)

implicit

(c)

social

(d)

real

____ is also called as 'Retrospective Cost'.

(a)

Floating

(b)

Sunk Cost

(c)

Economic Cost

(d)

Money Cost

Average Revenue (AR) curves in perfect competition are______________.

(a)

Steep

(b)

fairly flat

(c)

parallel to X-axis

(d)

sloping up

___________rent disappear, when one of the supply of goods increases.

(a)

Scarcity

(b)

Differential

(c)

Quasi

(d)

Transfer

A scientific study of the characteristics of population is _____

(a)

Topography

(b)

Demography

(c)

Geography

(d)

Philosophy

Which year is treated as 'Year of Population Explosion'?

(a)

1941

(b)

1961

(c)

1921

(d)

1931

Give the meaning of deductive method.

Classify the market based on the competitions?

What is meant by marginal rate of substitution?

Define Average product?

Mention any two types of price discrimination.

Define "Quasi Rent" in the words of Alfred Marshall.

Write the various aspects of demographic trends in India

What are the important features of utility?

Explain the importance of microeconomics.

What are the determinants of Demand? Explain.

Explain ordinal utility approach.

Explain the concept of 'cost minimization!

Explain the Marginal Productivity Theory of Wage.

What is meant by density of population? State the nature of density of population in India.

State the welfare definition given by Alfred Marshall and assess it.

Explain the law of Equi - marginal utility

Explain the 'Indifference curve Analysis' with the help of diagrams.

Discuss the short run cost curves with suitable diagram.

Define Total Revenue and Explain its behaviour when the price is constant and when the price is declining.

Explain the Keynesian Theory of Interest.

Discuss Thiruvalluvar's contribution to Indian economy.