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Worksheets

Subhashish Gogoi

Total questions: 10

Worksheet time: 3mins

Name
Class
Date
1.

Who is known as the 'Father of Economics'?

a)

J. M. Keynes

b)

Lional Robins

c)

Adam Smith

d)

T. R. Malthus

2.

Which of the following is not a central problem of an economy?

a)

What to produce?

b)

How to produce?

c)

When to produce?

d)

For whom to produce?

3.

If I am talking about individual income, the topic falls under

a)

Macroeconomics

b)

Business Economics

c)

Microeconomics

d)

Wealth Economics

4.

A demand will be effective if

a)

I have the strong desire to purchase it.

b)

I have a dream to have it.

c)

I have purchasing power and desire to get it.

d)

A sales executive is pushing me to have it.

5.

If there is only one seller in a market, it is

a)

Perfect Competition

b)

Monopsony

c)

Monopoly

d)

Oligopoly

6.

Market of cars falls under

a)

Duopoly

b)

Oligopoly

c)

Perfect Competition

d)

Monopoly

7.

If you are bargaining, trying to get the best price information, wants to buy in cheaper price, you are

a)

A miserly customer

b)

A confusing customer

c)

A perfect customer

d)

A rational customer

8.

Which will be best fitted for an economics student?

a)

He/she can't be unemployed.

b)

He/she may be unemployed with a clear idea of which type of unemployed he is.

c)

He/she can be unemployed but can't be underemployed.

d)

None of the above.

9.

The origin of 'Economics' word is

a)

Oikos and Nomos

b)

Econ and Omics

c)

Economy and Basics

d)

None of the above

10.

Market of 'Lemon' indicates

a)

Vegetable market

b)

Fast food market

c)

Second hand car market

d)

Share Market