MCQ on ECONOMICS by M.K.Sardar

Who is the father of economics?

• Marshall

• Adam Smith

• Robinson

• Samuelson

'An enquiery into the nature and causes of Wealth of Nation' is written the year?

• 1780

• 1786

• 1776

• 1775

What is essential for the demand of any goods?

• Desive for a commodity

• Ability to purchase

• willingness to purchase

• All of the above

Factor affecting demand is not:

• Change in price

• Change in income

• Change in the quantity of money

• None of the above

Which of the following is/are substitude goods:

• Tea and Coffee

• Motor and Patrol

• Pen and Ink

• All of the above

Who propounded the ordinal theory of utility:

• Marshall

• Pigon

• Hicks and Allen

• Richardo

Elasticity of demand for necessary goods is:

• Zero

• Greater

• Unlimited

• Less than one

Which of the following is the ancestor of modern banking system?

• Marchant

• Money lender

• Gold Smith

• All of the above

Which bank is known as bankers bank?

• RBI

• SBI

• PNB

• NABARD

KYC means:

• Know Your Creditor

• Know Your Card

• Know Your Customer

• Know Your Cost