Notable Economists – India and World

Here are some MCQs on Notable Economists – India and World

1. Who is considered the father of modern economics?
a) Adam Smith
b) John Maynard Keynes
c) Milton Friedman
d) Karl Marx

2. Who is known for the theory of comparative advantage?
a) Joseph Stiglitz
b) Paul Krugman
c) David Ricardo
d) Friedrich Hayek

3. Amartya Sen, an Indian economist, won the Nobel Prize in Economics for his work in which field?
a) Game theory
b) Development economics
c) Monetary economics
d) Behavioral economics

4. Who developed the concept of “Gross Domestic Product” (GDP)?
a) John Maynard Keynes
b) Adam Smith
c) Simon Kuznets
d) Milton Friedman

5. Which economist is known for the theory of “rational expectations”?
a) Joseph Schumpeter
b) Robert Solow
c) Eugene Fama
d) Robert Lucas Jr.