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1 . Who gave theory of demand?
(A). Alfred Marshall
(B). John Maynard Keynes
(C). Leon Walras
(D). David Recardo
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2 . Which of the following economist known as the propounder of Labour theory of Value?
(A). Karl Marx
(B). Leon Trotsky
(C). Immanuel Kant
(D). Auguste Comte
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3 . Who wrote the book “Economics in One Lesson”?
(A). Ludwig von Mises
(B). Friedrich Hayek
(C). Thomal Sowell
(D). Henry Hazlitt
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4 . When was founded Food and Agriculture Organisation?
(A). 1945
(B). 1946
(C). 1949
(D). 1956
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5 . How many principles are there in economics?
(A). 7
(B). 8
(C). 9
(D). 10
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6 . Where is the annual meeting of the World Economic Forum 2018?
(A). London
(B). New York
(C). Beijing
(D). Davos
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7 . Who created supply and demand?
(A). Adam Smith
(B). Antoine Augustin Cournot
(C). Vilfredo Pareto
(D). Gerard Debreu
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8 . What is the largest Muslim Country in the world by population?
(A). India
(B). Pakistan
(C). Indonesia
(D). Saudi Arabia
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9 . How many members are there in IMF?
(A). 191
(B). 185
(C). 189
(D). 185
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10 . Who was developed Human Development Index?
(A). Mahbub ul Haq
(B). Amartya Sen
(C). John Rawls
(D). James Tobin
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Economics GK Quiz | Economics GK Questions and Answers
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