Classical political economy: previous year questions
Asked 27 times in 4 exams across 10 years. Newest first.
Practise Classical political economy, easy to hard →
Mercantilism and physiocracy
The pre-classical schools: wealth as trade surplus, and wealth as the product of agriculture.
- UoH 2021 Q37Which of the following best captures the basic idea of the Mercantilist school?
- JNU 2019 Q3The classical economists attacked which of the following mercantilist propositions A. state action was necessary to direct the capitalist system. B.…
- UoH 2019 Q65Which of the following a British economist whose contributions are seen as constituting the economic theory offered by Mercantilism?
- UoH 2019 Q68The name of Francois Quesnay is associated with
- UoH 2016 Q1The name of Francois Quesnay is associated with
- JNU 2015 Q31There is greater certainty in manufacturing activities than in agriculture because
- JNU 2015 Q32Manufacturing offers the possibility of more likely profit than agriculture because
- JNU 2015 Q33Serra believed that
- JNU 2015 Q34The significance of advances in navigation for Serra is that
- JNU 2015 Q35Answer Question Nos. 31–35 in the light of the passage given below: “A multiplicity of manufacturing activities will make a kingdom or city abound…
- UoH 2014 Q31The name of Francois Quesnay is associated with
- UoH 2011 Q7Who among the following was a Physiocrat?
Adam Smith on value, labour and growth
Smith's ideas on the division of labour, the invisible hand and how markets grow.
- UGC-NET 2023 Q52Adam Smith's contributions are: A. Division of labour. B. Notion of increasing returns. C. Notion of diminishing returns. D. Dialectical…
- UGC-NET 2023 Q90Given below are two statements. Statement I: Division of labour is the starting point of Smith's theory of economic growth. Statement II: It is…
- CUET-PG 2021 Q28Who is known as the Father of Economics?
- UoH 2019 Q66'Division of Labour' in Adam Smith's economic analysis implies
- UoH 2018 Q3Labour Embodied and Labour Commanded as determining value of a commodity was proposed by which of the following scholars?
- UoH 2016 Q46Division of Labour in Adam Smith's analysis implies
- JNU 2014 Q26When speaking of the ‘invisible hand’, Adam Smith was referring to
- UoH 2014 Q32Division of Labour in Adam Smith's analysis implies
- UoH 2010 Q51According to Adam Smith, growth of national income of an economy is limited by
Ricardo, Malthus and the stationary state
The classical theories of rent, wages and population that led to a no-growth endpoint.
- UoH 2021 Q59The “iron law of wages” is
- UoH 2021 Q60Malthusian theory of population explored the relationship between:
- UoH 2020 Q83The third category of wages employed by the Classical economists apart from the concepts of Natural Wage and Market Wage is:
- UoH 2018 Q53According to Ricardo, rent is high because
- JNU 2014 Q16The Malthusian principle of growth of human population argues that
- UoH 2011 Q88In the Ricardian model the growth process is ultimately limited by