General Knowledge Test with questions about different types of economies for exams like UPSC, SSC, UPPSC, Banking, RPSC, MPSC, KAS, MPPSC, and others.
1. What was the nationality of Mahbub ul Haq, a key figure in Human Development theory and co-founder of the Human Development Report?
- Indian
- Pakistani
- Bangladeshi
- Afghan
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Answer: Option B. Pakistani
2. Who is recognized as the founder of Economics?
- Adam Smith
- John Maynard Keynes
- Karl Marx
- David Ricardo
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Answer: Option A. Adam Smith
3. Who is considered a pioneer of Economic Nationalism?
- Romesh Chunder Dutt
- John Stuart Mill
- Thorstein Veblen
- Joseph Schumpeter
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Answer: Option A. Romesh Chunder Dutt
4. Which Indian economist was instrumental in the creation of MNREGA?
- Amartya Sen
- Manmohan Singh
- Raghuram Rajan
- Jean Dreze
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Answer: Option D. Jean Dreze
5. Which scholar is known for the Law of Rent?
- Alfred Marshall
- David Ricardo
- Joseph Stiglitz
- Milton Friedman
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Answer: Option B. David Ricardo