wayground logo

Free Printable Worksheets

Font size

S
M
L
XL
Worksheets

Economics 1st and 2nd chapter

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.

Economics is a positive science who said this?

a)

Robbins

b)

Marshall

c)

Pigou

d)

Adam smith

2.

What is true?

a)

Means are unlimited

b)

Wants are limited

c)

Both a and b true

d)

Both a and b false

3.

Essence of economics is

a)

Scarcity

b)

Choice

c)

Both of them

d)

None of them

4.

Who gave the welfare oriented definition of economics?

a)

Adam Smith

b)

Pigou

c)

Robbins

d)

Alfred Marshall

5.

Types of economic activities are

a)

Production

b)

Consumption

c)

Exchange

d)

All of them

6.

Wealth of nation is written by

a)

Samuelson

b)

Adam Smith

c)

Pigou

d)

Robbins

7.

Who divided economics into micro and macro?

a)

Samuelson

b)

Ragner frish

c)

Ranger frish

d)

Rager fish

8.

Which economists give preference human against wealth?

a)

Pigou

b)

Robbins

c)

Samuelson

d)

Adam Smith

9.

Which name is given to modern definition of economics?

a)

Wealth oriented

b)

Welfare oriented

c)

Development oriented

d)

Scarcity oriented

10.

Who said this economics is both science and arts?

a)

Adam Smith

b)

Pigou

c)

Marshall

d)

Robbins

11.

From which Latin word has statistics been derived?

a)

Stato

b)

Status

c)

Statistik

d)

States

12.

What is true?

a)

All data are statistics

b)

All statistics are'nt data

c)

Both are true

d)

Both are false

13.

Father of statistics is

a)

Gott Freud Aekenbaul

b)

Adam Smith

c)

A.L.Bowley

d)

Pigou

14.

The first stage of statistics in singular sense is

a)

Tabulation of data

b)

Arranging the data

c)

Collection of data

d)

Analysis of data

15.

Statistics is used by

a)

Banker

b)

Broker

c)

None of them

d)

All of them

16.

Statistic means in singular sense

a)

Statistical data

b)

Statistical science

c)

Statistical counting

d)

Statistical numbers

17.

Statistics is related to

a)

Administration

b)

Politics

c)

Data

d)

Wealth

18.

Format of a table is

a)

Title

b)

Head note

c)

Table number

d)

All of them

19.

In German word statistics means

a)

Status

b)

Statista

c)

Statistik

d)

Strata

20.

Statistics are numerical statements of facts who stated this?

a)

Pigou

b)

Bowley

c)

Samuelson

d)

Normann

21.

Name the 5th stage of statistics

a)

Collection of data

b)

Organisation of data

c)

Presentation of data

d)

Interpretation of data

22.

What are the scope of statistics

a)

Nature of statistics

b)

Subject matter of statistics

c)

Limitation of statistics

d)

All of them

23.

How will you remove distrust of statistics?

a)

Having biasness

b)

No need of experts

c)

Not considering the statistical limitation

d)

None of the above

24.

Statistics does not

a)

Systematically collect the data

b)

Applied by experts

c)

Study the qualitative aspect of a problem

d)

Misused by anyone

25.

Statistics helpful in

a)

Policy formation

b)

In public Finance

c)

Both of them

d)

None of them