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Economic thought

Total questions: 10

Worksheet time: 4mins

Name
Class
Date
1.

Who is considered as the father of Economics ?

a)

Adam

Smith

b)

Karl Marx

c)

Alfred Marshall

d)

Lionel Robbins

2.

The ideas of Karl Marx are

contained in his book.............

a)

An Enquiry into the Nature and Causes of

the Wealth of Nations

b)

Principles

of Economics

c)

Das Capital

d)

Hind Swaraj

3.

Whose theory is, Laissez Faire ?

a)

Adam

Smith

b)

Karl Marx

c)

Alfred Marshall

d)

Lionel Robbins

4.

Who argued that the basis of production is the

manpower of labourers ?

a)

Adam

Smith

b)

Karl Marx

c)

Alfred Marshall

d)

Lionel Robbins

5.

Who is the author of "Principles

of Economics" ?

a)

Adam

Smith

b)

Karl Marx

c)

Alfred Marshall

d)

Lionel Robbins

6.

Whose Economic thoughts are related with "ever increasing wants and limited resources" ?

a)

Adam

Smith

b)

Karl Marx

c)

Alfred Marshall

d)

Lionel Robbins

7.

Whose Economic idea is "nation's

financial stability depends on efficient economic planning and

proper utilization of resources" ?

a)

Paul A Samuelson

b)

Karl Marx

c)

Alfred Marshall

d)

Lionel Robbins

8.

Who wrote the

famous book, 'Arthasasthra' ?

a)

Chanakya

b)

Dadabhai Naoroji

c)

Ramesh Chandra Dutt

d)

Mahatma Gandhi

9.

Whose theory is "Drain Theory" ?

a)

Chanakya

b)

Dadabhai Naoroji

c)

Ramesh Chandra Dutt

d)

Mahatma Gandhi

10.

Whose idea is "trusteeship" ?

a)

Chanakya

b)

Dadabhai Naoroji

c)

Ramesh Chandra Dutt

d)

Mahatma Gandhi