Who is considered as the father of economics?
- Alfred Marshall
- Adam Smith
- David Ricardo
- Esther Duflo
Adam Smith was an 18th-century Scottish philosopher. He is considered the father of modern economics. He published “The Wealth of Nations” in 1776.
_______ is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
- Macroeconomics
- Neo-classical economics
- Microeconomics
- Monetarist economics
Microeconomics is the study of the behavior of individuals and firms in making decisions such as consumers, resource owners, and firms.
Fundamental Rights are described in which articles of Indian Constitution?
- Article 12 to 35
- Article 14 to 32
- Article 14 to 35
- Article 12 to 32
Article 12 to 35 contained in Part III of the Constitution deals with Fundamental Rights.
Procedure for Amendment in Indian Constitution is given in which article?
- Article 332
- Article 318
- Article 368
- Article 364
Article 368 in Part 20 of the Constitution deals with the power of parliament to amend the constitution and its procedures. The procedure of amending the constitution has been adopted from the constitution of South Africa.
Who is called the father of macroeconomics?
- Alfred Marshall
- John Maynard Keynes
- Adam Smith
- Leon Walras
Macroeconomics as a modern discipline began with the publication of John Maynard Keynes's General Theory of Employment, Interest, and Money where he offered a new theory of economics that evolved into Keynesian economics.
