Demand and Supply Mcqs Test 05 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 05 Preparation Online

1. Who defined Economics as a 'Science which studies human behaviour as a relationship between ends and means which have alternative uses?
A.
B.
C.
D.

2. A mixed economy is characterised by the co-existence of?
A.
B.
C.
D.

3. Formulation of an economic theory involves?
A.
B.
C.
D.

4. Which of the following is incorrect?
A.
B.
C.
D.

5. Which is not an essential feature of a socialist economy?
A.
B.
C.
D.

6. An economic theory is?
A.
B.
C.
D.

7. Demand for a commodity refers to a?
A.
B.
C.
D.

8. Identify the aspect of taxation which is related to normative economics?
A.
B.
C.
D.

9. Microeconomics deals with the?
A.
B.
C.
D.

10. Which of the following is Microeconomics concerned with?
A.
B.
C.
D.


 

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