Economics MCQ Questions and Answers
Economics MCQ Questions with Answers are essential for candidates preparing for competitive exams like UPSC, SSC CGL, and RBI Grade B. These aptitude questions cover vital economic concepts including demand-supply, national income, fiscal policy, inflation, and international trade. Each question tests both theoretical understanding and practical application, ensuring candidates are ready for objective-type exams. Practicing aptitude questions with answers and explanations helps in revising economic fundamentals quickly. Whether you are a student, job aspirant, or exam enthusiast, this comprehensive economics MCQ set is perfect for self-assessment. Strengthen your general awareness and problem-solving ability by practicing free economics tests or downloading the solutions PDF.
Economics MCQ
141. "Human Welfare is the subject of Economics." This statement is associated with the name of which of the economists ?
- Marshall
- Pigou
- Penson
- All of the above
142. Who has given scarcity definition of economics ?
- Adam Smith
- Marshall
- Robbins
- Robertson
143. "Economics is a science" the basis of this statement is-
- Relation between cause and effect
- Use of deductive method and inductive method for the formations of laws
- Experiments
- All of the above
144. Characteristics of economic laws are-
- Mere statements of economic tendencies
- Less certain
- Hypothetical
- All of the above
145. Which theory is generally included under micro economics ?
- Price Theory
- Income Theory
- Employment Theory
- None of the above
146. When total utility becomes maximum, then marginal utility will be-
- Minimum
- Average
- Zero
- Negative