MCQ - Introduction To Microeconomics CA Foundation Notes | EduRev

Economics for CA CPT

Created by: Aditi Mittal

CA Foundation : MCQ - Introduction To Microeconomics CA Foundation Notes | EduRev

 Page 1


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
Page 2


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
MCQ’s 
Page 3


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
MCQ’s 
? The law of Scarcity                                  Ans (d) 
   a) does not apply to rich,developed countries 
 
   b) applies only to less developed countries 
 
   c) implies that consumers wants will be satisfied  
 in a socialist system 
 
  d) implies that consumers wants will never be         
 completely satisfied 
 
Page 4


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
MCQ’s 
? The law of Scarcity                                  Ans (d) 
   a) does not apply to rich,developed countries 
 
   b) applies only to less developed countries 
 
   c) implies that consumers wants will be satisfied  
 in a socialist system 
 
  d) implies that consumers wants will never be         
 completely satisfied 
 
? Economics according to Lionel Robbins is  Ans(.c) 
 
   a) Normative Science 
 
   b) Applied science 
 
   c) Positive Science 
 
   d) Experimental Science 
Page 5


 
 CPT Section C General Economics Chapter 1 
CA Janardhan Rao M.N.S 
MCQ’s 
? The law of Scarcity                                  Ans (d) 
   a) does not apply to rich,developed countries 
 
   b) applies only to less developed countries 
 
   c) implies that consumers wants will be satisfied  
 in a socialist system 
 
  d) implies that consumers wants will never be         
 completely satisfied 
 
? Economics according to Lionel Robbins is  Ans(.c) 
 
   a) Normative Science 
 
   b) Applied science 
 
   c) Positive Science 
 
   d) Experimental Science 
? Macro economics is also called -------Economics? 
   a) Applied 
 
   b) Aggregate 
 
   c) Experimental 
 
   d) none of the above 
                                                                      Ans (b) 
 
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