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Chapter 1 ECONOMICS MCQs

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1. .1 Which economist is known as the father of economics?





2. .2 The book “Wealth of Nations” was written in …………..?





3. .3 How many schools of thought in economics?





4. .4 There are …………..aspects of Adam Smith’s book:





5. .5 Who is the pioneer of classical school of thought?





6. .6 Who is the pioneer of neo-classical school of thought?





7. .7 When Alfred Marshall wrote his book “Principles of Economics”?





8. .8 Who criticized Marshall’s definition of economics?





9. .9 Robbins’ institute was:





10. .10 Professor Robbins belongs to:





11. .11 Whether Economics is science or/and art?





12. .13 Micro Economics studies the decisions made by………?





13. .14 Importance of studying economics is/are?





14. .15 It is essential for technicians that along with technical skills, they also have the knowledge of……………for their success in industry?





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