CSS Economics Solved Mcqs

Q.  The classical theory explained interest as a reward for:

a. Parting with liquidity
b. Abstinence
c. Saving
d. Inconvenience


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MCQs:  In the business world:
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MCQs:  Which is not true:
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MCQs:  The major difference between perfect competition and monopolistic competition is:
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MCQs:  Marginal revenue is always less than price at all levels of output in:
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MCQs:  Which of the following is not a characteristic of perfect competition?
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MCQs:  When marginal revenue is zero, total revenue:
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MCQs:  A firm decides to exit the industry when:
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MCQs:  In monopoly and perfect competition the cost curves are:
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MCQs:  Normal profit is called normal because:
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MCQs:  If a firm shuts down temporarily, it will incur loss equal to:
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MCQs:  Under perfect competition:
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MCQs:  The necessary condition for equilibrium position of a firm is:
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MCQs:  When a competitive firm achieves long run equilibrium then:
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MCQs:  The most efficient scale of production of a firm is where:
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MCQs:  A firm should shut down in the short run if it is not covering its:
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MCQs:  Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay's Tableu Economique published?
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MCQs:  Identify the author of "The Principles of Political Economy and Taxation":
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MCQs:  Who is generally regarded as the founder of the "Classical School"?
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MCQs:  Identify the economist who had little formal education and started working in the money market at an early age of fourteen.
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MCQs:  "The labour of Nature is paid, not because she does much, but because she does little. In proportion as she becomes niggardly in her gifts, whe exacts a greater price for her work." Who made this observation?
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