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_______ investigations examine an individual's relationship with and interaction in society


A) natural science
B) physical science
C) life science
D) social science

E) C) and D)
F) A) and B)

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To whom do you attribute the 'growth' definition of economics?


A) Paul Samuelson
B) Lionel Robbins
C) Milton Friedman
D) Alfred Marshall

E) None of the above
F) A) and C)

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The average fixed cost is obtained by :


A) tfc / q
B) mc / q
C) tac / q
D) avc / q

E) B) and D)
F) A) and C)

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A hypothesis is a :


A) statement of facts
B) statement of observations made by a researcher
C) statement of expected out of research
D) a proposition the validity of which is to be tested

E) All of the above
F) A) and D)

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________ social science discipline deals with the integration of different aspects of the Social Sciences, Humanities, and Human Biology


A) criminology
B) demography
C) geography
D) anthropology

E) A) and C)
F) A) and B)

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The book 'Principles of Economics' was written by:


A) Keynes
B) Marshall
C) Samuelson
D) Pigou

E) A) and B)
F) A) and C)

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A function refers to :


A) the demand for a commodity
B) the supply of a commodity
C) the demand and supply of a commodity service or resource
D) the relationship between one dependent variable and one or more independent variables.

E) None of the above
F) All of the above

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A market:


A) necessarily refers to a meeting place between buyers and sellers
B) does not necessarily refer to a meeting place between buyers and sellers
C) extends over the entire nation
D) extends over a city.

E) B) and D)
F) All of the above

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B

Average Revenue curve under monopoly is :


A) upward slopping
B) downward slopping
C) horizontal straight line
D) none of these

E) All of the above
F) A) and B)

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In the 19th century _________ argued that ideas pass through three rising stages namely, Theological, Philosophical and Scientific.


A) auguste comte
B) plato
C) aristotle
D) socrates

E) B) and D)
F) A) and B)

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Microeconomics deals with:


A) the theory of factor pricing
B) the theory of product pricing
C) the theory of economic welfare
D) all the above

E) A) and D)
F) None of the above

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Growth definition of economics was concerned with:


A) scarcity
B) welfare
C) wealth
D) economic growth

E) B) and D)
F) B) and C)

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______is primarily done by observing or testing on real-life data or analysing the pattern of some specific events in order to identify the nature or the class of trend that specific phenomenon maintains.


A) empirical research
B) action research
C) laboratory research
D) exploratory research

E) None of the above
F) B) and C)

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The first economist who coined the terms micro economics and macroeconomics


A) Ragnar Frisch
B) Keynes
C) Marshall
D) Friedman

E) B) and C)
F) A) and B)

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The most important founder of German sociology, __________ , was keenly interested in maintaining the relationship between economics and sociology.


A) Max Adler
B) Max Weber
C) Karl Marx
D) Joseph W. Eaton

E) None of the above
F) A) and B)

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B

Social science can help to appreciate the values enshrined in the Indian Constitution such as justice, liberty, equality and fraternity and the unity and integrity of the nation and the building of a socialist, secular and democratic society.


A) true
B) false
C) none
D) none.

E) None of the above
F) A) and B)

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The validity of an economic theory is judged by its power to:


A) explain an economic phenomenon
B) predict the course of an economic phenomenon
C) prove or disprove a hypothesis
D) reveal the economic laws

E) A) and D)
F) B) and C)

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_____ has distinguished between different types of societies on basis of economic system.


A) Joseph W. Eaton
B) Max webber
C) Karl Marx
D) Alphons Silbermann

E) A) and D)
F) A) and C)

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C

In the classical system, the basic economic problems are solved by:


A) government
B) price mechanism
C) economists
D) central bank

E) A) and C)
F) B) and C)

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International Social Science Associations were founded under the auspices of___________


A) unesco
B) world bank
C) imf
D) usa

E) None of the above
F) A) and C)

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