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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 top-down view of the economy

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

Question-3 The subject matter of economics is mainly divided into _______________

(A) econometrics and mathematical economics	(B)Micro and Macro economics
(C)agriculture and international trade economics	(D)none of these

Question-4 Economic theories and tools are extensively used in _________-

(A) business decision making	(B)business analysis
(C)business forecasting	(D)all of these

Question-5
_____________ first proposed the theory of diminishing marginal utility

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

Question-6
The sum of satisfaction a person derives from consuming a commodity is _______.

(A) Marginal utility	(B) average utility
(C) total utility	(D) some utility

Question-7 The distinction between Micro and Macro economics was emerged after _________

(A) great depression	(B)global meltdown
(C)discovery of USA	(D)none of these

Question-8 The term micro is derived from

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

Question-9 The major economic problem regarding functioning of the economy relates to :

(A) national income	(B)output
(C)employment	(D)all of these

Question-10
When total utility is increasing at a decreasing rate, then marginal utility would be ___________.

(A) Increasing but positive	(B) Decreasing but negative
(C) Decreasing but positive	(D) Any of these

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Plus 2 Commerce

ICSE/ISC

Practice in Related Chapters
Micro Economic Theory