1. History of Economic Thought may be broadly into
(a) Two parts
(b) Three parts
(c) Four parts
(d) Five parts

2. The fundamental aim of the mercantilise was the
make country
(a) Normal progress
(b) Stagnant
(c) Strong
(d) None of the above

3. Innovation theory was propounded by
(a) Pigou                          (b) Walras
(c) Schumpeter               (d) Pareto

4. Difference between willing to pay and actual paid
is called as
(a) Consumer’s surplus
(b) Producer’s surplus
(c) Seller’s surplus
(d) None of the above

5. ‘Das Capital’ Book was written by
(a) Keynes                     (b) Pigou
(c) Amartya Sen           (d) Karl Marx

6. Socialism means
(a) Equal to all
(b) Social development
(c) Producer’s development
(d) All the above

7. Full employment theory was famous with
(a) Keynes           (b) Karl Marx
(c) Walras           (d) Pareto

8. Milton Friedman theory was related to
(a) Employment
(b) Capitalism
(c) Socialism
(d) Money

9. Capability theory of welfare was given by
(a) Amartya Sen
(b) Keynes
(c) Malthus
(d) David Ricardo

10. Amartya Sen was awarded the Nobel Prize in
Economic in the year
(a) 1992               (b) 1994
(c) 1996               (d) 1998