GAT Subject
Engineering
Computer Science Civil Engineering Chemical Engineering Agricultural Engineering Mechanical Engineering Electronics and Communication
11. | The process of deriving principles is called_____? | ||
A. | theoretical economics | ||
B. | Economics analysis | ||
C. | Both A. and B. | ||
D. | None of these | ||
12. | An analytic approach in which we move from general to particular from theory to facts is_____? | ||
A. | Induction | ||
B. | Deduction | ||
C. | Specification | ||
D. | None of these | ||
13. | “Wealth of nations” was written by____? | ||
A. | Lewis | ||
B. | Rostow | ||
C. | Keynes | ||
D. | Adam Smith | ||
14. | All goods and services produced in a country in one year are called its_____? | ||
A. | GNP | ||
B. | GDP | ||
C. | NDP | ||
D. | None of them | ||
15. | Using part of income/saving for more income is called_____? | ||
A. | Investment | ||
B. | Busyness | ||
C. | Consumption | ||
D. | Entrepreneurship | ||