ICSE/ISC Plus 2 Commerce Study Materials, Online Learning, Question Papers, Classnotes, Practice Test, MCQ | Smartindia Educational Program : www.smartindia.net.in

Question-1 Managerial economics is also known by the name _______________ economics

(A) mathematical	(B)managerial
(C)management	(D)none of these

Question-2 __________ studies the bottom up view of the economy

(A) international economics	(B)growth economics
(C)Micro economics	(D)Macro economics

Question-3
Marginal utility __________ with increase in consumption.

(A) Increases	(B) Decreases
(C) remains constant	(D) any of these

Question-4 _________ is the centre stage of macro economics

(A) Mutual dependence	(B)mutual independence
(C)mutual exclusivity	(D)none of these

Question-5 Macro economics explains

(A) total employment	(B)total output
(C)total amount of services	(D)all of these

Question-6
____________ provided a systematic explanation to theory of diminishing marginal utility.

(A) Marshall	(B) HH Gossen
(C) Krugman	(D) None of these

Question-7 __________ studies the top-down view of the economy

(A) international economics	(B)growth economics
(C)micro economics	(D)macro economics

Question-8 The term micro is derived from

(A) mikros	(B)micros
(C)mackros	(D)none of these

Question-9 Maximization of material welfare of the people is the aim of ________ theories

(A) Macro economics	(B)micro economics
(C)both micro and macro economic	(D)none of these

Question-10 The prices of goods and services in an economy are determined by _________

(A) demand mechanism	(B)supply mechanism
(C)product pricing	(D)none of these

Click here to see your answersheet and detailed track records.

Plus 2 Commerce

ICSE/ISC

Practice in Related Chapters
Micro Economic Theory