1. . Which economist is known as the father of economics?
(A) Prof. Cannon
(B) Prof. Robbins
(C) Adam Smith
(D) Alfred Marshall
2. . The book “wealth of nations” was written in …………..?
(A) 1770
(B) 1776
(C) 1890
(D) 1990
3. . How many school of thoughts in the economics?
(A) 3
(B) 4
(C) 5
(D) 6
4. . There are …………..aspects of Adam Smith’s book:
(A) Two
(B) Three
(C) Four
(D) Five
5. . Who is the pioneer of classical school of thought?
(A) Adam Smith
(B) Alfred Marshall
(C) Prof. Robbins
(D) All of these
6. . Who is the pioneer of neo-classical school of thought?
(A) Adam Smith
(B) Alfred Marshall
(C) Prof. Robbins
(D) None of these
7. . When Alfred Marshall wrote his book “principles of economics”?
(A) 1776
(B) 1876
(C) 1880
(D) 1890
8. . Who criticized Marshall’s definition of economics?
(A) Adam Smith
(B) Prof. Robbins
(C) Malthus
(D) Prof. Cannon
9. . Robbin’s institute was:
(A) Cambridge University
(B) Oxford University
(C) London School of Economics
(D) Punjab University
10. . Professor Robbin belongs to:
(A) America
(B) Japan
(C) London
(D) New Zealand
11. . Whether Economics is science or/and art?
(A) Science
(B) Art
(C) Both
(D) None
12. . Macro Economics analyzes the decisions made by………?
(A) Individual
(B) Government
(C) Both
(D) None
13. . Micro Economics studies the decisions made by………?:
(A) Individual
(B) Business
(C) Both
(D) None
14. . Importance of studying economics is/are?
(A) Utilization of resources
(B) Analysis of performance
(C) Knowledge of economic trends
(D) All
15. . It is essential for technicians that along with technical skills, they also have the knowledge of……………for their success in industry?
(A) Psychology
(B) Biology
(C) Entomology
(D) Economics