Notable Economists – India and World

6. Who is known for the theory of “efficient market hypothesis”?
a) Friedrich Hayek
b) John Kenneth Galbraith
c) Robert Shiller
d) Eugene Fama

7. Who is the author of the book “Capital in the Twenty-First Century”?
a) Joseph Stiglitz
b) Thomas Piketty
c) Paul Krugman
d) Esther Duflo

8. Which economist is associated with the concept of “opportunity cost”?
a) Joseph Schumpeter
b) John Maynard Keynes
c) Paul Samuelson
d) Ludwig von Mises

9. Who developed the “Trickle-Down Theory” of economics?
a) John Maynard Keynes
b) Milton Friedman
c) Ronald Reagan
d) Arthur Laffer

10. Raghuram Rajan, an Indian economist, served as the Governor of which country’s central bank?
a) India
b) United States
c) United Kingdom
d) Sweden