Demand and Supply Mcqs Test 05 Preparation Online

Test Instructions

Demand and Supply Mcqs Test 05 Preparation Online

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

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

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

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

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

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

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

8. 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.

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

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


 

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