Top 150+ Solved General Economics 1 MCQ Questions Answer
Q. Marginal efficiency of investment curve is:
a. Slopping downwards
b. Slopping upwards
c. Parallel to X axis
d. Parallel to Y axis
Q. According to Keynes, unemployment is due to:
a. Deficiency of capital
b. Deficiency of labour
c. Deficiency of education
d. Deficiency in effective demand
Q. “In the long run, we are all dead”. Who said this?
a. Keynes
b. Adam Smith
c. Karl Marx
d. David Ricardo
Q. According to Keynes, investment is a function of:
a. Rate of interest
b. Rate of profit
c. Rate of MEI
d. MEI and rate of interest
Q. Keynes believed in :
a. Full employment equilibrium
b. Under employment equilibrium
c. Both
d. None
Q. In Economics, 1930s is popularly known as the period of:
a. Great Battle
b. Great Depression
c. Industrial Revolution
d. Great Devide
Q. Keynesian aggregate supply curve is:
a. Perfectly elastic
b. Perfectly inelastic
c. Unitary elastic
d. Parabola
Q. Keynes strongly argued for:
a. Free Trade
b. Non-intervention of Government
c. Laissez-faire
d. Governmental invervention
Q. Consumption expenditure directly varies with:
a. Savings
b. Investment
c. Disposable income
d. Rate of interest
Q. An important issue of macro economics is the determination of:
a. Consumption
b. Production
c. Utility
d. Income and employment
Q. Which of the following items does not include in the group?
a. Consumption
b. Investment
c. Rate of Interest
d. Net exports
Q. Who is known as the father of Modern Economics?
a. Adam Smith
b. J.M.Keynes
c. Robinson
d. Ricardo