Nature & Scope on Economics Test 01 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Nature & Scope on Economics Test 01 Mcqs Preparation Online 1. Ceteris paribus means:A. Other things equalB. All variables are independentC. That no other assumptions are madeD. Enable economists to simplify reality Loading... 2. Economics is a science:A. SpiritualB. MoralC. DismalD. Social Loading... 3. Father of political economy:A. SamuelsonB. Adam SmithC. MarshallD. Malthus Loading... 4. Which statement relates to macroeconomics:A. Oil prices are rising in PakistanB. The government has failed to control inflationC. Profit rate is high in textile industryD. The firms try to make huge profits Loading... 5. Economic problems arise because of:A. ScarcityB. GreedC. Dishonesty D. Laziness Loading... 6. Economic laws are:A. UnrealB. Natural C. MoralD. Scientific Loading... 7. Which statement is true ?A. Economics is a social and natural scienceB. Economics is a social and normative scienceC. Economics is physical and positive science D. Economics is a physical and normative science Loading... 8. He described economics as a science of material welfare:A. KeynesB. MarshallC. RicardoD. Robbins Loading... 9. Economic laws are:A. BriefB. DefiniteC. ExactD. Approximate Loading... 10. In economics, assumptions:A. Enable economists to simplify realityB. Mean other things equalC. Used in micro and not in macro economistD. Make economic theory useless Loading... Loading... Related NTS Results Post:Nature & Scope on Economics Test 04 Mcqs Preparation OnlineNature & Scope on Economics Test 02 Mcqs Preparation OnlineNature & Scope on Economics Test 03 Mcqs Preparation OnlineEconomics Solved MCQs Test 01 Preparation OnlineEconomics Solved MCQs Test 02 Preparation OnlineZoology Scope and Origin of Life MCQs Test 04…Zoology Scope and Origin of Life MCQs Test 05…Zoology Scope and Origin of Life MCQs Test 02…