BUSINESS ECONOMICS LATEST EDITION EXAM
WITH MULTIPLE CHOICES 2025/2026
1. Micro economic theory is also known as ----- --.
A. Business Theory
B. Price Theory
C. Individual Theory
D. Cost
theory
ANSWER:
2. . Profit = .
A. TR+ TC
B. TR - TC
C. TR X TC
D. TR/T
C.
ANSWE
R:
3. Economics is derived from the greek word oikonomikus which means
A. Business Management
B. Economics
C. House Management
D. Wealth
Management
ANSWER:
4. Who is assumed as father of Economics?
A. Adam smith
B. Robinson
C. Marshall
D. George
Bernard
ANSWER:
5. Who expressed the view that Economics is neutral between ends .
A. Robbins
, B. Marshall
C. Pigou
D. Adamsmi
th
ANSWER:
6. Economics is the science of wealth who gave this definition?
A. J.K.Mehta
B. Marshall
C. Adam Smith
D. Robbi
ns
ANSWER
:
7. The existence of both public and private sector enterprises constitutes
A. .capitalist economy
B. Mixed economy
C. Socialist economy
D. None of the
Above ANSWER:
8. Capitalism refers to
A. the use of markets.
B. government ownership of capital goods
C. private ownership of capital goods
D. private ownership of homes &
cars. ANSWER:
9. An Enquiry into the Nature and Causes of Wealth of Nations is the book of economist
A. Adam Smith
B. Marshall.
C. . Robbins.
D. Samuelso
n.
ANSWER:
10. Who has given scarcity definition of economics?
A. Adam smith
B. Marshall
C. Robbins
D. Roberts
on
ANSWER:
,11. The extra utility from consuming one more unit of a commodity is called
A. Mariginal utility
B. Additional utility
C. Surplus utility
D. Bonus
utility
ANSWER:
12. If marginal utility is zero
A. Total utility is zero
B. An additional unit of consumption will decrease total utility
C. consumption will increase total utility
, D. Total utility is
maximized ANSWER:
13. When the total utility curve reaches its maximum level, marginal utility is
A. Zero
B. Positive
C. Rising
D. Negativ
e
ANSWER:
14. Who has given the concept of consumer surplus
A. Marshall
B. Robbins
C. Pigou
D. None of
these
ANSWER:
15. Utility means
A. Power to satisfy a want.
B. Usefulness.
C. Willingness of a person
D. Harmfulne
ss ANSWER:
16. Marginal utility is equal to average utility at that time when
average utility is A. . Increasing.
B. Maximum.
C. Falling.
D.
Minimum
ANSWER:
17. Sales Maximisation is suitable for -----market
A. Oligopoly
B. Duopoly
C. Monopoly
D. Monopso
ny
ANSWER:
18. Demand is a function of -----------
A. Income.
B. Advertisement
WITH MULTIPLE CHOICES 2025/2026
1. Micro economic theory is also known as ----- --.
A. Business Theory
B. Price Theory
C. Individual Theory
D. Cost
theory
ANSWER:
2. . Profit = .
A. TR+ TC
B. TR - TC
C. TR X TC
D. TR/T
C.
ANSWE
R:
3. Economics is derived from the greek word oikonomikus which means
A. Business Management
B. Economics
C. House Management
D. Wealth
Management
ANSWER:
4. Who is assumed as father of Economics?
A. Adam smith
B. Robinson
C. Marshall
D. George
Bernard
ANSWER:
5. Who expressed the view that Economics is neutral between ends .
A. Robbins
, B. Marshall
C. Pigou
D. Adamsmi
th
ANSWER:
6. Economics is the science of wealth who gave this definition?
A. J.K.Mehta
B. Marshall
C. Adam Smith
D. Robbi
ns
ANSWER
:
7. The existence of both public and private sector enterprises constitutes
A. .capitalist economy
B. Mixed economy
C. Socialist economy
D. None of the
Above ANSWER:
8. Capitalism refers to
A. the use of markets.
B. government ownership of capital goods
C. private ownership of capital goods
D. private ownership of homes &
cars. ANSWER:
9. An Enquiry into the Nature and Causes of Wealth of Nations is the book of economist
A. Adam Smith
B. Marshall.
C. . Robbins.
D. Samuelso
n.
ANSWER:
10. Who has given scarcity definition of economics?
A. Adam smith
B. Marshall
C. Robbins
D. Roberts
on
ANSWER:
,11. The extra utility from consuming one more unit of a commodity is called
A. Mariginal utility
B. Additional utility
C. Surplus utility
D. Bonus
utility
ANSWER:
12. If marginal utility is zero
A. Total utility is zero
B. An additional unit of consumption will decrease total utility
C. consumption will increase total utility
, D. Total utility is
maximized ANSWER:
13. When the total utility curve reaches its maximum level, marginal utility is
A. Zero
B. Positive
C. Rising
D. Negativ
e
ANSWER:
14. Who has given the concept of consumer surplus
A. Marshall
B. Robbins
C. Pigou
D. None of
these
ANSWER:
15. Utility means
A. Power to satisfy a want.
B. Usefulness.
C. Willingness of a person
D. Harmfulne
ss ANSWER:
16. Marginal utility is equal to average utility at that time when
average utility is A. . Increasing.
B. Maximum.
C. Falling.
D.
Minimum
ANSWER:
17. Sales Maximisation is suitable for -----market
A. Oligopoly
B. Duopoly
C. Monopoly
D. Monopso
ny
ANSWER:
18. Demand is a function of -----------
A. Income.
B. Advertisement
