'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

Pick the odd one out

(a)

Luxuries

(b)

Comforts

(c)

Necessaries

(d)

Agricultural goods

The primary factors of production are:

(a)

Labour and Organisation

(b)

Labour and Capital

(c)

Land and Capital

(d)

Land and Labour

Cost refers to _____.

(a)

Price 

(b)

value

(c)

fixed cost

(d)

cost of production

Which of the following is a market structure where the Price is expected to be lower?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

In Economics, distribution of income is among the

(a)

factors of production

(b)

Individual

(c)

firms

(d)

traders

The arrival of Vasco da Gama in Calicut, India

(a)

1498

(b)

1948

(c)

1689

(d)

1849

Which of the following is the way of privatisation?

(a)

Disinvestment

(b)

Denationalization

(c)

Franchising

(d)

All the above

Which is considered as the basic unit for rural areas?

(a)

Panchayat

(b)

Village

(c)

Town

(d)

Municipality

In health index, Tamil Nadu is ahead of

(a)

Kerala

(b)

Punjab

(c)

Gujarat

(d)

All the above