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1) Who developed the concept of 'Representative Firm'? a. A.C.Pigou b. Alfred Marshall c. J.M.Keynes d. A.W.H.Phillips
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2) Identify the work of T.Schultz: a. Transforming Traditional Agriculture b. Productivity and Technical Change c. Jobs, Poverty and the Green Revolution d. The Green Revolution: Generations of Problems
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3) Which of the following does not match? a. J.R.Hicks: Capital and Growth b. C.P. Kindleberger: Economic Development c. H.Myint: Economic Theory and Underdeveloped Regions d. E.H. Phelps - Brown: The Economics of Labour
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4) Which of the following Alfred Marshall's works was first published? a. The Pure theory of Foreign trade b. The Principles of Economics c. Industry and Trade d. Money, Credit and Commerce
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5) Who first used the term 'quasi-rent'? a. David Ricardo b. Alfred Marshall c. J.S.Mill d. Karl Marx
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6) How old was Alfred Marshall when he died? a. 80 years b. 82 years c. 85 years d. 90 years
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7) Among the following Noble Prize winners for Economics one is an Austrian economist. Identify him: a. George Stigler b. F.A. von Hayek c. Simon Kuznets d. Herbert A.Simon
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8) Who used the term consumption capital for consumers goods? a. Karl Marx b. W.S.Jevons c. Alfred Marshall d. M.E.L.Walras
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9) Whose words are these? 'We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production.' a. Alfred Marshall b. W.S.Jevons c. J.S.Mill d. David Ricardo
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10) Who introduced the concept of 'Elasticity of Demand into Economic Theory'? a. K.Wicksell b. Alfred Marshall c. J.S.Mill d. A.C.Pigou
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11) Though the concept of consumers surplus can be traced back to the French engineer economist Dupuit, it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist. a. Alfred Marshall b. W.S.Jevons c. F.W.Taussig d. J.S.Mill
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12) Who succeeded Alfred Marshall as Professor of Political Economy at Cambridge? a. A.C.Pigou b. D.H. Robertson c. J.M.Keynes d. F.H.Knight
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13) Which one among the following does not match? a. Adam Smith - Classical School b. Karl Menger - Austrian School c. A.C. Pigou - Cambridge School d. W.S. Jevons - Historical School
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14) Identify the Indian economist who was given an honorary knighthood by the British Government in 1990 for his wide-ranging contribution to education, development economics and finance: a. I.G.Patel b. A.K.Sen c. K.N.Raj d. V.K.R.V.Rao
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15) Identify the author of 'Poverty Under British Rule in India': a. R.C.Dutt b. Dadabhai Naoroji c. Raja Rammohun Roy d. Surendranath Banerjea
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16) Capital and Development Planning is the work of: a. S. Chakravarty b. W.A.Lewis c. A.K.Dasgupta d. N.Kaldor
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17) Who is the author of 'Choice of Technique'? a. K.N.Raj b. Amartya Sen c. W.B.Redaway d. J.R.Harris
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18) Identify the author of 'Employment Aspects of Planning in Underdeveloped Countries': a. R.Nurkse b. G.Myrdal c. K.N.Raj d. W.A.Lewis
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19) Identify the author of 'The Trade Cycle': a. J.M.Clark b. R.C.Mathews c. A.H.Hansen d. Maurice Dobb
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20) The theory of Monopolistic Competition was developed in the 1930s. Almost simultaneously and independently by two well-known economists. One was E.H.Chamberlin who was the other? a. Joan Robinson b. Alfred Marshall c. J.K.Galbraith d. A/C. Pigou
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21) Which of the following is not the work of J.A.Schumpeter? a. Which of the following is not the work of J.A.Schumpeter? b. Readings in Economics c. History of Economic Analysis d. Business Cycles
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22) Who is the author Capitalism, Yesterday and Today? a. Karl Marx b. M.Dobb c. J.A.Schumpeter d. J.K.Galbraith
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23) Identify the work by Amartya Sen: a. Employment, Technology and Development b. The Economics of Developing Countries c. India's Green Revolution: Economic Gains and Political Costs d. Land reforms and Economic Development
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24) Identify the nationality of the 1977 Economics Noble Prize winner Bertil Ohlion: a. Swedish b. Norwegian c. German d. American
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25) Which one of the following has been the most influential work of F.H.Knight? a. Freedom and Reform b. The Economics Organisation c. The Economic Order and Religion d. Risk, Unertainty and Profit
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26) Who first formulated the Revealed Preference Approach to free the theory of consumer behaviour from the constraint of traditional concept of utility? a. Paul A.Samuelson b. John Robinson c. J.R.Hicks d. R.G.D.Alien
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27) Which of the following is the work of E.H, Chamberlin? a. Theory of Monopolistic Competition b. Towards a more General Theory of value c. The Economic Analysis of Labour Union Power d. All of these
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28) Identify the author of 'The Social Framework': a. R.G.D.Alien b. J.R.Hicks c. R.F.Harrod d. A.C.Pigou
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29) Who in particular advocated the longterm capital gains tax? a. J.M.Keynes b. J.K.Galbraith c. N.Kaldor d. F.H.Knight
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30) Which of the following is the work of Paul Baran? a. The Political Economy of Growth b. Essays on Economic Planning c. Economic Development d. Soviet Economic Development since 1917
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31) With which of the following is the name of Jacob Viner associated? a. Single factoral terms of trade b. Utility terms of trade c. Net barter terms of trade d. Income terms of trade
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32) Who first formulated the 'Marginal Productivity theory of Distribution'? a. J.B.Clark b. F.H.Knight c. J.A.Schumpeter d. L.Euler
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33) Which one of the following is the work of A.C.Pigou? a. Economics of Welfare b. Industry and Trade c. Input-output Economics d. Full Employment in a Free Society
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34) Who is the author of the famous work 'Asian Drama': An Enquiry into the Causes of Poverty of Nations? a. Paul Streeten b. Irving Fisher c. Gunnar Myrdal d. Kingsley Davis
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35) Who among the following served as Professor of Economics at Harvard? a. E.H.Chamberlin b. N.Kaldor c. J.M.Keynes d. A.C.Pigou
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36) The Cambridge School refers to the group of English economists who came under the influence of: a. Alfred Marshall b. J.M.Keynes c. E.H.Chamberlin d. D.H.Robertson
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37) 'The Modern or Neo-Keynesian Theory of Interest' owes it development largely to the efforts of: a. J.R.Hicks b. Gunnar Myrdal c. B.Ohlin d. D.H.Robertson
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38) Who wrote 'Economics of Imperfect Competition'? a. E.H.Chamberlin b. John Robinson c. E.A.G.Robinson d. J.R.Hicks
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39) Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality? a. Norwegian b. Dutch c. Swedish d. American
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40) Who stated explicitly for the first time the Law of Comparative Costs in the context of the theory of international trade? a. David Ricardo b. Alfred Marshall c. F.W.Taussig d. A.C.Pigou
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41) With which of the following concepts is the name of J.M. Keynes particularly associated? a. Marginal propensity to save b. Marginal propensity to consume c. Liquidity preference d. All of the above
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42) Identify the author of 'The Affluent Society': a. J.K.Galbraith b. Gunnar Myrdal c. John Strachey d. N.Kaldor
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43) Who wrote 'A Contribution to the Theory of Trade Cycle'? a. N.Kaldor b. J.R.Hicks c. J.S.Duesenberry d. A.H.Hansen
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44) Which is the work of R.F.Harrod? a. Towards a Dynamic Economics b. The Trade Cycle : An Essay c. Reforming the World's Money d. The Gold Standard in Theory and Practice
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45) Who among the following Noble Prize winners is an American economist? a. Richard Stone b. Ragnar Frisch c. Lawerence Klein d. James E. Meade
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46) 'The General theory of Employment, Interest and Money' is the major work of: a. N.Kaldor b. Alfred Marshall c. F.A.Hayek d. J.M.Keynes
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47) At which university was W.W.Leontief appointed Professor of Economics in 1946? a. London School of Economics b. University of Chicago c. Harvard University d. University of Kiel
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48) Who among the following economists is not a Noble Prize winner? a. Paul A.Samuelson b. Simon Kuznets c. Robert M.Solow d. Joan Robinson
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49) Which of the following is not the work of Paul A.Samuelson? a. Foundation of Economic Analysis b. History of Economic Analysis c. Readings in Economics d. Linear Programming and Economic Analysis
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50) In which year was Paul A. Samuelson awarded the Nobel Prize for Economics? a. 1970 b. 1968 c. 1966 d. 1964
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