The Nobel Prize winners in Economics 2009 are Elinor Ostrom and Oliver Williamson. Do you know which year the Tableu Economique of Francois Quesnay was written in?
- 1758
- 1766
- 1761
- 1763
Identify the author of “The Principles of Political Economy and Taxation”
- J.S. Mill
- Alfred Marshall
- A. Turgot
- David Ricardo
Who is generally regarded as the founder of the Classical School”?
- T. R. Malthus
- David Ricardo
- J. S. Mill
- Adam Smith
Identify the economist who had little formal schooling and began working in the money market at an early age of 14.
- Adam Smith
- David Ricardo
- A. A. Cournot
- V. F. D. Pareto
Who initially raised concerns of a food crisis in the world?
- T.R. Malthus
- David Ricardo
- J.B. Say
- J.S. Mill
When was the big work “An Enquiry into the Nature and Causes of Nations’ Riches” written by Adam Smith?
- 1766
- 1756
- 1786
- 1776
“The real price of everything, what everything really costs to the man who wants to require it, is the land trouble of acquiring it.” Who made this statement?
- Karl Marx
- David Ricardo
- Adam Smith
- J. S. Mill
“Rent is a creation of value, not of wealth.” Who made this observation?
- Alfred Marshall
- Adam Smith
- David Ricardo
- A.C. Pigou
Which year was Karl Marx’s first volume of Das Capital published?
- 1859
- 1848
- 1873
- 1867
“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, she exacts a greater price for her work.” Who made this observation?
- T. R Malthus
- Lauderdale
- David Ricardo
- Adam Smith
The First Fruits of Karl Marx’s long and painstaking study at the British Museum appeared in The Critique of Political Economy
- 1857
- 1859
- 1853
- 1855
The Communist Manifesto, published jointly by Marx and Engel’s was pub1ihsed in
- 1845
- 1848
- 1859
- 1853
Who actually stated the law of comparative cost for the first time?
- Adam Smith
- David Ricardo
- Thomas Mun
- James Mill
Identify the school founded by Wilhelm Roscher
- Cambridge School
- Austrian School
- Historical School
- Mathematical School
One of the following economists do not belong to the Austrian School. Identify him
- F. Von Wieser
- Karl Monger
- E. von Bohm-Bawerk
- J.S. Mill
Which one of the following theories of trade cycle was propounded by W.S. Jevons?
- Saving-Investment Theory
- Monetary Theory
- Sunspot Theory
- Innovation Theory
What was Frederic List Nationality?
- Finnish
- American
- British
- German
“The Purchasing Power Parity Theory” rose to prominence in 1916 through the publications of
- L.E. von Miser
- J.M. Keynes
- Gustav Cassel
- F.A. von Hayek
The study of input-output is attributable to the origin and development to
- R.F. Harrod
- W.W. Leontief
- Alfred Marshall
- E.D. Domar
Who wrote “An Introduction to Positive Economics”?
- G. B. Richardson
- Paul A. Samuelson
- R.G. Lipsey
- W.J. Baumol
Identify the author of ”Mathematical Analysis for Economists”
- R.G.D Alien
- J.P. Lewis
- B.J. Cohen
- Russell Mathews
Which of the following is not correctly matched?
- D.H. Robertson: Essays in Monetary Theory
- Lionel Robbins: The Great Depression
- R.F. Harrod: Income and Money
- A.C. Pigou: Principles and Methods of Industrial Peace
Who graduated from the London School of Economics among the following well-known economists?
- N. Kaldor
- J.M. Keynes
- F.A. Hayek
- Alfred Marshall
‘The Strategy of Economic Development” is the work of
- H. Liebenstein
- S. Kuznets
- A. O. Hirshman
- H. Myint
Who is the author of ‘Problems of Capital Formation in Underdeveloped Countries”?
- N. Kaldor
- R. Nurkse
- J. N. Bhagwati
- S. Kumets
Identify the work of Irving Fisher
- The Making of Index Numbers
- Policy Against Inflation
- Monetary Theory
- A Treatese on Money
Who wrote “There are no longer any believers in laissez-fair except on the lunatic fringe the truth is that we are all planners now”?
- H. R. Dickenson
- E. F. Durbin
- J. Tinbergen
- W. A. Lewis
Who coined the phrase a temporary abode of purchasing power while explaining the concept of money?
- Milton Friedman
- Francis Walker
- J. M. Keynes
- D. H. Robertson
Who developed the “Keynesian theory of Distribution”?
- C. P. Kindleberger
- N. Kaldor
- Joan Robinson
- J. M. Keynes
Identify the economist who propounded the “Liquidity Preference Theory of Interest”
- Nassau Senior
- K. Wicksell
- J.M Kaynes
- D.H. Robertson
Which one of the following does not match
- J.R. Hicks: Capital and Growth
- C.P. Kindleberger: Economic Development
- H. Myint: Economic Theory and Underdeveloped Regions
- iv. E.H. Phelps-Brown: The Economics of Labour
Which one among the following does not match?
- Jagdish Bhagwati – Princeton
- Arnartya Sen – Harvard
- P.S. Dasgupta – Cambridge
- T. N. Srinivasan – Yale
Which of these is not the work of J. Clark, B.
- The Control of Trusts
- Philosophy of Wealth
- The Problem of Monopoly
- Economics of Overhead Costs
Which of the following Alfred Marshall’s works was first published?
- The Principles of Economics
- The Pure Theory of Foreign Trade
- Money, Credit and Commerce
- Industry and Trade
Who first used the term ‘quasi-rent’?
- Alfred Marshall
- David Ricardo
- Karl Marx
- J.S. Mill
How old was Alfred Marshall when he died?
- 85 Years
- 80 Years
- 82 Years
- 90 Years
Identify the economist who propounded the “Time Preference Theory of Interest”
- J.M Keynes
- Nassau Senior
- Bohm Bewark
- K. Wicksell
An Austrian economist is among the following Noble Prize winners for Economics. Identify him
- F.A. von Hayek
- George Stigler
- Herbert A. Simon
- Simon Kuznets
Who developed the concept of “Representative Firm”?
- J. M. Keyns.
- A.C Pigou
- Alfred Marshall
- A.W.H. Phillips
Identify the work of T. Schultz
- Productivity and Technical Change
- Transforming Traditional Agriculture
- The Green Revolution Generations of Pakistan
- Jobs, Poverty and the Green Revolution
Who used the term consumption capital for consumer’s goods?
- W.S. Jevons
- Karl Marx
- M.E.L Walras
- Alfred Marshall
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.”
- W.S. Jevons
- Alfred Marshall
- David Ricardo
- J.S..Milt
Who introduced the concept of “Elasticity of Demand into Economic Theory”?
- Alfred Marshall
- K. Wicksell
- A.C. Pigou
- J.S. Mill
Although the idea of the surplus of the consumer can be traced back to Dupuit, a French engineering economist, another economist gave a detailed formulation stating the required assumption of this principle. Pinpoint the economist.
- W.S. Jevons
- Alfred Marshall
- J.S. Mill
- F.W. Taussig
Who succeeded Alfred Marshall on Cambridge as Professor of Political Economy?
- D.H. Robertson
- A.C. Pigou
- F.H. Knight
- J.M. Keynes
Which one does not fit one of the following?
- A.C. Pigou – Cambridge School
- Karl Menger – Austrian School
- Adam Smith – Classical School
- W.S. Jevons – Historical School
Identify the Indian economist who in 1990 received an honorary knighthood from the British Government for his wide-ranging contribution to education, economic development and finance.
- K.N. Raj
- I.G. Patel
- A.K. Sen
- V.K.R.V. Rao
Identify the author of “Poverty Under British Rule in India”
- Dadabhai Naoroji
- R.C. Dutt
- Surendranath Banerjea
- Raja Rammohun Roy
Capital and Development Planning is the work of
- W.A. Lewis
- S. Chakravarty
- N. Kaldor
- A.K. Dasgupta
Who is the author of “Choice of Technique”?
- Amartya Sen
- K.N. Raj
- J.R. Harris
- W.B. Redaway
Identify the author of “Emplpyment Aspects of Planning in Underdeveloped Countries”
- G. Myrdal
- R. Nurkse
- W.A. Lewis
- K.N. Raj
Identify the author of “The Trade Cycle”
- R.C. Mathews
- J.M. Clark
- Maurice Dobb
- A.H. Hansen
The Monopolistic Competition Theory was developed by two well-known economists almost simultaneously and independently in the 1930s. E.H. Chamberlin was the one. Who else was other?
- Alfred Marshall
- Joan Robinson
- A.C. Pigou
- J.K. Galbraith
Which of the following is not the work of J.A. Schumpeter?
- Readings in Economics
- Theory of Economic Development
iv. Business Cycles
- History of Economic Analysis
Who is the author of Capitalism, Yesterday and Today?
- J.A. Schumpeter
- M. Dobb
- Karl Marx
- J.K. Galbraith
Identify the work by Amartya Sen
- The Economics of Developing Countries
- Employment, Technology and Development
- Land Reforms and Economic Development
- India’s Green Revolution: Economic Gains and Political Costs
Identify the nationality of Bertil Ohlion, recipient of the 1977 economic noble prize
- German
- Swedish
- Norwegian
- American
Which one of the following has been the most influential work of F.H. Knight?
- The Economic Organization
- Freedom and Reform
- Risk, Uncertainty and Profit
- The Economic Order and Religion
Who first proposed the Revealed Preference Approach to free the theory of consumer behaviour from the restriction of conventional definition of utility?
- John Robinson
- Paul A. Samuelson
- R.G.D. Alien
- J.R Hicks
Which of the following is the work of E.H. Chamberlin?
- The Economic Analysis of Labour Union Power
- Towards a more General Theory of Value
- Theory of Monopolistic
- All of these
Name of Jacob Viner is associated with?
- Utility terms of trade
- Single factoral terms of trade
- Income terms of trade
- Net barter terms of trade
Who first formulated the “Marginal Productivity Theory of Distribution”?
- J.A. Schumpeter
- J.B. Clark
- F.H. Knight
- L. Euler
Which one of the following is the work of A.C. Pigou?
- Input-output Economics
- Industry and Trade
- Economics of Welfare
- Full Employment in a Free Society
Who is the author of the popular work “Asian Drama”: An Enquiry into Nations’ Causes of Poverty?
- Gunnar Myrdal
- Irving Fisher
- Paul Streeten
- Kingsley Davis
Identify the author of “The Social Framework”
- J.R Hicks
- R.G.D. Alien
- A.C. Pigou
- R.F. Harrod
Who served as an economics professor at Harvard?
- N. Kaldor
- E.H. Chamberlin
- A.C. Pigou
- J.M. Keynes
Who advocated the long-term tax on capital gains?
- J.K. Galbraith
- J.M. Keynes
- F.H. Knight
- N. Kaldor
The Cambridge School refers to the English economist party that came under the influence of
- J.M. Keynes
- Alfred Marshall
- D.H. Robertson
- E.H. Chamberlin
“The Modern or Neo-Keynesian Theory of Interest” owes it development largely to the efforts of
- Gunnar Myrdal
- J.R. Hicks
- D.H. Robertson
- B. Ohlin
Who among the following Noble Prize winners is an American economist?
- Ragnar Frisch
- Richard Stone
- Lawerence Klein
- James E. Meade
Who wrote “Economics of Imperfect Competition”
- Joan Robinson
- E.A.G. Robinson
- E.H. Chamberlin
- J.R. Hicks
Gunnar Myrdal was awarded Noble Prize for Economics in 1974. What is his nationality?
- Norwegian
- Swedish
- American
- Dutch
Who made the Law of Comparative Costs clear for the first time in the sense of international trade theory?
- Alfred Marshall
- David Ricardo
- A.C. Pigou
- F.W. Taussig
With which of the following concepts is the name of J.M. Keynes particularly associated?
- Marginal propensity to consume
- Marginal propensity to save
- Liquidity preference
- All of the above
Identify the author of “The Affluent Society”
- Gunnar Myrdal
- J.K. Galbraith
- N. Kaldor
- John Strachc;y
Who wrote “A Contribution to the Theory of Trade Cycle”?
- J.R. Hicks
- N. Kaldor
- A.H. Hansen
- J.S. Duesenberry
Which is the work of R.F. Harrod?
- The Trade Cycle: An Essay
- Towards a Dynamic economics
- The Gold Standard in Theory and Practice
- Reforming the World’s Money
“The General Theory of Employment, Interest and Money” is the major work of
- Alfred Marshall
- N. Kaldor
- J.M Keynes
- F.A Hayek
At which university was W.W. Leontief appointed Professor of Economics in 1946?
- University of Chicago
- London School of Economics
- University of Kiel
- Harvard University
Who among the following economists is not a Noble Prize winner?
- Simon Kuznets
- Paul A. Samuelson
- Joan Robinson
- Robert M. Solow
Which of the following is not the work of Paul A. Samuelson?
- History of Economic Analysis
- Foundation of Economic Analysis
- Linear Programming and Economic Analysis
- Readings in Economics
In which year was Paul A. Samuels on awarded the Nobel Prize for Economics?
- 1966
- 1970
- 1968
- 1964
Identify the economist who first developed the Theory of Income Determination in its modem form
- Joan Robinson
- Paul A. Samuelson
- J.M. Keynes
- J.K. Galbraith