Question

Choose the correct statements from the following :
(A) Adam Smith is termed as Father of Modern Economics.
(B) J.M. Keynes gave the Theory of Income, Output and Employment.
(C) Four Sector Model = C + I + G + (X – M)
(D) Store of value is primary function of money.
Choose the correct answer from the options given below :

• A. (A), (B) and (D) only
• B. (A), (B) and (C) only
• C. (A), (B), (C) and (D)
• D. (B), (C) and (D) only

Answer 1

Answer: (B)

(A), (B) and (C) only

Answer 2

Adam Smith is the Father of Modern Economics, Keynes gave the Theory of Income, and the four-sector model includes C + I + G + (X – M).