Daily MCQ Quiz

Test your knowledge with our daily updated questions.

General Knowledge MCQs

Quiz #69252
Pro. Amartiya Sen was awarded Nobel Prize for his contribution to the field of?
A Food and famines
B Welfare economics
C Indian economy
D Poverty
Discuss
Quiz #69251
Who among the following is NOT a classical economist?
A David Ricardo
B John Stuart Mill
C Thomas Malthus
D John Maynard Keynes
Discuss
Quiz #69250
Who propounded the ‘market law’?
A Adam Smith
B J.B. Say
C T.R. Malthus
D David Ricardo
Discuss
Quiz #69249
An expenditure that has been made and cannot be recovered is called?
A Variable cost
B Opportunity cost
C Sunk cost
D Operational cost
Discuss
Quiz #69248
Price cost is equal to?
A Variable cost plus administrative cost
B Variable cost plus fixed cost
C Variable cost only
D Fixed cost only
Discuss
Quiz #69247
Capital information in an economy depends on?
A Total income
B Total demand
C Total savings
D Total production
Discuss
Quiz #69246
The supply of a commodity does NOT depend directly upon?
A Cost of production
B Price of the commodity
C Technology of production
D Demand for the commodity
Discuss
Quiz #69244
New firms are barred from entering the market in?
A Perfect Competition
B Oligopoly
C Monopolistic Competition
D Monopoly
Discuss