1. According to Marshall, â??End is the ___â?.

A) Creation of wealth
B) Government welfare
C) Human welfare
D) All of above



2. Pigouâ??s definition of economics, was restricted only to economic system:___

A) Where were guided by the market forces or monetary terms
B) In which production and investment were undertaken with the business motives
C) Both A and B
D) Neither A nor B



3. Who of the following referred economics as the â??science of wealthâ??X) J. B. SayY) WalkerZ) Adam Smith

A) X only
B) Y only
C) Z only
D) All X, Y, Z



4. Welfare definitions of economics are more relevant, comprehensive and scientific than wealth definitions.

A) True
B) False
C) Partly true
D) Partly false



5. As per Robbins definition; Economics is a-

A) Normative science
B) Positive science
C) Negative science
D) Positive Art