May 19th, 2015
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The Mortgage Production Line The mortgage industry has three primary parts or businesses: the mortgage originator, theaggregator and the investor.

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THE LEARNING HOUSE HIGHER SECONDARY SCHOOLTeachers' Assesment Paper "Economics"Time Allowed: 30 Minutes Total Marks: 30 (Multiple Choice Questions) 1. The first book on economics of Wealth of Nations was written by ____________.a. Prof Marshallb. Adam Smithc. Prof Robbinsd. Keynesian2. According to Prof. Marshall Economics is science of _________________.a. Wealthb. Scarcity & Choicec. Material Welfared. All of above3. Economics is a science of Scarcity and Choice, this definition was presented by _____.a. Adam Smithb. Prof. Marshallc. Prof Robbinsd. Non o above4. Human wants or desires are:a. Unlimitedb. Limitedc. Nothingd. None of above5. Land, Labor, Capital and Organization are the factors of _______.a. Factoryb. Supplyc. Demandd. Production6. The Law of Demand states that:a. Increase in price, decrease in quantity demandb. Decrease in price, increase in demandc. The inverse relationship between Price and Demandd. All of above7. The demand curve moves from left to right ______.a. Upwardb. Downwardc. Straightd. None of Above8. The slope of demand curve is __________.a. Positiveb. Zeroc. Negatived. Infinite9. If the changes in demand and price are in the same ration, the elasticity of demand will be _____ unity.a. Greater thanb. Equal toc. Less thand. All of above10. The Law of Supply states that, increase in price, _____ in quantity supplied

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