CAIIB ABM : Unit 1

1. ...... Economics views on reducing the production costs

a. internal
b. inventory
c. pecuniary
d. External

Ans - d


2. Whose opinions have revolutionized the scope of macro economics ?
a. Adam Smith
b. J.B. Say
c. J.M. Keynes.
d. All of the above
Ans. D

3. Economics is the Science of Wealth” who gave this definition?
a. J. K. Mehta
b. Marshall
c. Adam Smith.
d. Robbins
Ans. C

4. “Economics is a science” the basis of this statement is—
a. Relation between cause and effect
b. Use of deductive method and inductive method for the formations of laws
c. Experiments
d. All of the above.
Ans. D

5. Who has given scarcity definition of economics ?
a. Adam Smith
b. Marshall
c. Robbins.
d. Robertson

6. Economic growth is usually coupled with
a. Stagflation.n
b. Inflation.
c. Stagflation
d. Hyperinflation
Ans. B