Economics/Economics Great Economists and Their Work Set-1 Sample Test,Sample questions

Question:
  Identify the author of  Poverty Under British Rule in India :

1.R.C.Dutt

2.Dadabhai Naoroji

3.Raja Rammohun Roy

4.Surendranath Banerjea


Question:
  Identify the Indian economist who was given an honorary knighthood by the British Government in 1990 for his wide-ranging contribution to education  development economics and finance:

1.I.G.Patel

2.A.K.Sen

3.K.N.Raj

4.V.K.R.V.Rao


Question:
  Which of the following Alfred Marshall s works was first published?

1.The Pure theory of Foreign trade

2.The Principles of Economics

3.Industry and Trade

4.Money Credit and Commerce


Question:
 Identify the author of  The Principles of Political Economy and Taxation :

1.Alfred Marshall

2.J.S. Mill

3.David Ricardo

4.A. Turgot


Question:
 Identify the economist who had little formal education and started working in the money market at an early age of fourteen.

1.David Ricardo

2.Adam Smith

3.V.F.D. Pareto

4.A.A. Cournot


Question:
 Identify the work of Irving Fisher

1.A Treatese on Money

2.Policy Against Inflation

3.The Making of Index Numbers

4.Monetary Theory


Question:
 Identify the work of T.Schultz:

1.Transforming Traditional Agriculture

2.Productivity and Technical Change

3.Jobs Poverty and the Green Revolution

4.The Green Revolution: Generations of Problems


Question:
 The Communist Manifesto  written jointly by Marx and Engel s  was published in:

1.1843

2.1848

3.1853

4.1859


Question:
 The labour of Nature is paid  not because she does much  but because she does little. In proportion as she becomes niggardly in her gifts  whe exacts a greater price for her work.  Who made this observation?

1.Adam Smith

2.T.R.Malthus

3.David Ricardo

4.Lauderdale


Question:
 The real price of every thing  what every thing really costs to the man who wants to require it  is the toil and trouble of acquiring it. Who made this statement?

1.Karl Marx

2.Adam Smith

3.David Ricardo

4.J.S.Mill


Question:
 The Strategy of Economic Development  is the work of:

1.S. Kuznets

2.H.Liebenstein

3.H.Myint

4.A.O.Hirshman


Question:
 Which of the following does not match?

1. J.R.Hicks: Capital and Growth

2.C.P. Kindleberger: Economic Development

3.H.Myint: Economic Theory and Underdeveloped Regions

4.E.H. Phelps - Brown: The Economics of Labour


Question:
 Which one among the following does not match?

1.Adam Smith - Classical School

2.Karl Menger - Austrian School

3.A.C. Pigou - Cambridge School

4.W.S. Jevons - Historical School


Question:
 Who coined the phrase a temporary abode of purchasing power  while explaining the concept of money?

1.Francis Walker

2.H.Robertson

3. D. J.M.Keynes

4.None of the above


Question:
 Who developed the  Keynesian Theory of Distribution ?

1.J.M.Keynes

2.N.Kaldor

3.C.P. Kindleberger

4.Joan Robinson


Question:
 Who first raised fears of a world food shortage?

1.David Ricardo

2.T.R.Malthus

3.J.S.Mill

4.J.B.Say


Question:
 Who first used the term  quasi-rent ?

1.David Ricardo

2.Alfred Marshall

3.J.S.Mill

4.Karl Marx


Question:
 Who stated explicitly for the first tirr the law of comparative costs?

1.David Ricardo

2.Adam Smith

3.James Mill

4.Thomas Mun


Question:
 Who succeeded Alfred Marshall as Professor of Political Economy at Cambridge?

1.A.C.Pigou

2.D.H. Robertson

3.J.M.Keynes

4.F.H.Knight


Question:
Among the following Noble Prize winners for Economics one is an Austrian economist. Identify him:

1.George Stigler

2.F.A. von Hayek

3.Simon Kuznets

4.Herbert A.Simon


Question:
Capital and Development Planning is the work of:

1.S. Chakravarty

2.W.A.Lewis

3.A.K.Dasgupta

4.N.Kaldor


Question:
Elinor Ostrom and Oliver Williamson are the Nobel Prize Laureates in Economics in 2009. Do you know in which year was Francois Quesnay s Tableu Economique published?

1.1767

2.1764

3.1761

4.1758


Question:
How old was Alfred Marshall when he died?

1.80 years

2.82 years

3.85 years

4.90 years


Question:
Identify the author of  Mathematical Analysis for Economists: 

1.J.P.Lewis

2.R.G.D.Alien

3.Russell Mathews

4.B.J.Cohen


Question:
Identify the economist who propounded the  Liquidity Preference Theory of Interest :

1.K.Wicksell

2.Nassau Senior

3.D.H.Robertson

4.J.M.Keynes


Question:
Identify the economist who propounded the  Time Preference Theory of Interest :

1.Nassau Senior

2.Bohm Bawerk

3.J.M.Keynes

4.K.Wicksell


Question:
Identify the school founded by Wilhelm Roscher:

1.Austrian School

2.Historical Schol

3.Ccmbridge School

4.Mathematical School


Question:
In which year was the first volume of Das Capital be Karl Marx published?

1.1848

2.1859

3.1867

4.1873


Question:
One of the following economists do not belong to the Austrian School. Identify him:

1.J.S. Mill

2.Karl Monger

3. F. Von Wieser

4. E. von Bohm-Bawerk


Question:
Rent is a creation of value  not of wealth.  Who made this observation?
 

1.Adam Smith

2.David

3.Alfred Marshall

4.A.C.Pigou


Question:
The Critique of Political Economy  the first fruits of Karl Marx s long painstaking research at the British Museum  appeared in:

1.1859

2.1857

3.1855

4.1853


Question:
The input-output analysis owes its origin and development to:

1.W.W.Leontief

2.R.F.Harrod

3.E.D.Domar

4.Alfred Marshall


Question:
The Purchasing Power Parity Theory  came into prominence in 1916 through the writings of:

1. J.M. Keynes

2.L.E.von Miser

3.Gustav Cassel

4.F.A. von Hayek


Question:
Though the concept of consumers surplus can be traced back to the French engineer economist Dupuit  it was another economist who gave a precise formulation stating the necessary assumption of this concept. Identify the economist.

1.Alfred Marshall

2.W.S.Jevons

3.F.W.Taussig

4.J.S.Mill


Question:
What was the nationality of Frederic List?

1.American

2.German

3.British

4.Finnish


Question:
When was Adam Smith s major work  An Enquiry into the Nature and Causes of Wealth of Nations  published?

1.1756

2.1766

3.1776

4.1786


Question:
Which of the following is not correctly matched?

1.Lionel Robbins: The Great Depression

2.D.H. Robertson: Essays in Monetary Theory

3.A.C. Pigou: Principles and Methods of Industrial Peace

4.R.F. Harrod: Income and Money


Question:
Which of the following is not the work of J.B. Clark?

1.Philosophy of Wealth

2.The Control of Trusts

3.Economics of Overhead Costs

4.The Problem of Monopoly


Question:
Which one among the following does not match?

1.Amartya Sen - Harvard

2.Jagdish Bhagwati - Princeton

3.T.N.Srinivasan - Yale

4.P.S.Dasgupta - Cambridge


Question:
Which one of the following theories of trade cycle was propounded by W.S. Jevons?

1.Sunspot Theory

2.Monetary Theory

3.Saving-Investment Theory

4. Innovation Theory


Question:
Who among the following well-known economists graduated from the London School of Economics?
 

1.J.M. Keynes

2.N.Kaldor

3.Alfred Marshall

4.F.A.Hayek


Question:
Who developed the concept of  Representative Firm ?

1.A.C.Pigou

2.Alfred Marshall

3.J.M.Keynes

4.A.W.H.Phillips


Question:
Who introduced the concept of  Elasticity of Demand into Economic Theory ?

1.K.Wicksell

2.Alfred Marshall

3.J.S.Mill

4.A.C.Pigou


Question:
Who is generally regarded as the founder of the  Classical School ?

1.David Ricardo

2.Adam Smith

3.T.R.Malthus

4.J.S.Mill


Question:
Who is the author of  Choice of Technique ?

1.K.N.Raj

2.Amartya Sen

3.W.B.Redaway

4.J.R.Harris


Question:
Who is the author of  Problems of Capital Formation in Underdeveloped Countries ?

1.R. Nurkse

2.N.Kaldor

3.S.Kuznets

4.J.N. Bhagwati


Question:
Who used the term consumption capital for consumers goods?

1.Karl Marx

2.W.S.Jevons

3.Alfred Marshall

4.M.E.L.Walras


Question:
Who wrote  An Introduction to Positive Economics ?

1.R.G.Lipsey

2.Paul A. Samuelson

3.G.B.Richardson

4.W.J.Baumol


Question:
Who wrote  There are no longer any believers in laissez-faire except on the lunatic fringe the truth is that we are all planners now ?

1.E.F.Durbin

2.H.R.Dickenson

3.W.A.Lewis

4.J.Tinbergen


Question:
Whose words are these?  We might as reasonable dispute whether it is the upper or the under blade of a pair of scissors that cuts a piece of paper as whether value is governed by utility or cost of production. 

1.Alfred Marshall

2.W.S.Jevons

3.J.S.Mill

4.David Ricardo


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