MCQOPTIONS
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MCQOPTIONS
This section includes 4 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The starting point of all economic activity is the existence of human wants Who said this? |
| A. | adam smith |
| B. | selligman |
| C. | ricardo |
| D. | alfred marshall |
| Answer» C. ricardo | |
| 2. |
When an individual s income rises, when everything else remains the same, his demand for normal goods: |
| A. | rises |
| B. | falls |
| C. | remains the same |
| D. | any of the above is possible |
| Answer» B. falls | |
| 3. |
When an individual s income falls, when everything else remains the same, his demand for inferior goods: |
| A. | increases |
| B. | decreases |
| C. | remains unchanged |
| D. | cannot say |
| Answer» B. decreases | |
| 4. |
Author of the book The General Theory of Employment, Interest and Money : |
| A. | karl marxq |
| B. | j.b. say |
| C. | j.m. keynes |
| D. | adam smith |
| Answer» D. adam smith | |