Académique Documents
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Q1)Macroeconomicsprovidesanexplorationtothefunctioningofaneconomyin
1)General
2)Particular
3)Partial
4)Global
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Id:38752
Explanation:
Q2)costmeasuresthesacrificemadefortakingadecision
1)Opportunitycost
2)Marginalcost
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Id:44833
3)Averagecost
4)Economiccost
Explanation:
Q3)Whichofthefollowingisincorrect?
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Id:44908
1)PerfectlyelasticE=
2)perfectlyinelasticE=1
3)unitaryinelasticE=1
4)relativelyinelasticE<1
Explanation:
Q4)Ifmarginalcostequalstoaveragetotalcost
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Id:44963
1)Averagetotalcostisfalling
2)Averagetotalcostisrising
3)Averagetotalcostismaximized
4)Averagetotalcostisminimized
Explanation:
Q5)Intheshortperiodthenationalincomeisdeterminedby
1)Aggregatedemandandprice
2)Aggregatesupplyandprice
3)Aggregatedemandandaggregatesupply
4)AggregateDemandonly
Explanation:
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Id:45120
Q6)EBITorOperatingprofitequals
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1)Salesrevenue+costofgoodssold+all
2)Salesrevenuecostofgoodssold+all
3)Salesrevenueallexpensesexceptfor
4)Salesrevenuecostofgoodssold+all
expensesexceptforinterestandtaxes
interestandtaxes
expensesexceptforinterestandtaxes
expenseswithinterestandtaxes
Explanation:
Q7)Economistsmakeassumptions
1)Todiminishthechanceofwronganswers.
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Id:45142
2)Tomakecertainthatallnecessaryvariables
areincluded.
3)Becauseallscientistsmakeassumptions.
4)Tomaketheworldeasiertounderstand.
Explanation:
Q8)Kinkeddemandcurveisthecharacteristicof
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Id:44973
1)Oligopoly
2)Monopoly
3)Perfectcompetition
4)Monopolisticcompetition
Explanation:
Q9)AccordingtoRobbinseconomicsis
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Id:38772
1)Positiveandethicalscience
2)Positiveandunethicalscience
3)Normativeandethicalscience
4)Normativeandunethicalscience
Explanation:
Q10)Quantitydemandedisalwaysexpressedatagiven
1)Income
2)Price
3)Value
4)Supply
Explanation:
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Id:44887
Q11)Scarcityisaconditionthatexistswhen:
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Id:45017
1)thereisafixedsupplyofresources.
2)thereisalargedemandforaproduct.
3)resourcesarenotabletomeettheentire
4)thesupplyisequaltodemand.
demandforaproduct.
Explanation:
Q12)Monopolyfirm,inlongrunearn
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Id:38796
1)Normalprofit
2)Abnormalprofit
3)Normalloss
4)Abnormalloss
Explanation:
Q13)Undermethodofforecastingfirmcanobtaintheinformationfromdoorto
doorsurvey
1)Consumerssurvey
2)Completeenumerationsurvey
3)Delphitechnique
4)Samplesurvey
Explanation:
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Id:44933
Q14)Afirmunderhasaregulartendencytoshowexcesscapacity
1)Oligopoly
2)Duopoly
3)Perfectcompetition
4)Monopolisticcompetition
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Id:44982
Explanation:
Q15)Theperiodof12thfiveyearplanis
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Id:44881
1)20122017
2)20122016
3)20102015
4)20072012
Explanation:
Q16)Thegovernmentwantstoreducetheconsumptionofelectricityby5%.Theprice
elasticityofdemandforelectricityis0.4.Thegovernmentshould
1)raisethepriceofelectricityby.08%.
2)lowerthepriceofelectricityby.4%.
3)raisethepriceofelectricityby12.5%.
4)raisethepriceofelectricityby2%.
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Id:38763
Explanation:
Q17)Ifanythingflowingfromthecircularflowistermedas
1)Leakage
2)Injection
3)Flowing
4)Flying
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Id:38759
Explanation:
Q18)Moneyis:
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Id:45125
1)Consumergood
2)Capitalgood
3)Producergood
4)Neitherofthem
Explanation:
Q19)Thebasisofmicroeconomicis
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Id:44830
1)Pricemechanism
2)Fullemployment
3)Nationalincome
4)Pricestability
Explanation:
Q20)Howpricesaredeterminedinthefreemarket?
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Id:38792
1)Withthehelpofdemandandsupply
2)Priceandsupply
3)Supplyandprice
4)Managers
Explanation:
Q21)Whenpeoplehaveverylittletimetorespondtopricechanges,demandbecomes:
1)Moreelastic
2)Lesselastic
3)Unitaryelastic
4)Timedoesnotaffectpriceelasticity
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Id:45183
Explanation:
Q22)Incaseofincreaseindemand,thedemandcurve:
1)Shiftsleftwards.
2)Shiftsrightwards.
3)Willhaveupwardslope
4)Willbehorizontal.
Explanation:
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Id:45180
Q23)Infreeenterpriseeconomybasiceconomicproblemsaresolvedwiththehelpof
1)Pricemechanism
2)Demandandsupplyinteraction
3)Government
4)Centralplanningdepartment
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Id:44837
Explanation:
Q24)Duetoascarcityofresources,
1)Everysocietymustundertakecentralplanning
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Id:45139
2)Thegovernmentmustdecidehowtoallocate
availableresources
3)Somemembersofeachsocietymustlivein
poverty
4)Everysocietymustchooseamongcompeting
usesofavailableresources
Explanation:
Q25)Theelasticityofsupplyisdefinedastheresponsivenessofthequantitysuppliedofa
goodstoachangein
1)Oneofthevariablefactoronwhichsupply
depends
2)Itsincome
3)Itsprice
4)Itscost
Explanation:
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Id:44949
Q26)Crosselasticityinmonopolyis
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Id:44990
1)One
2)Positive
3)Zero
4)Negative
Explanation:
Q27)InIndiaduopolyexistsinthefollowingindustry:
1)HeavyCommercialVehicles
2)SoftDrinks
3)OralCareProducts
4)Detergents
Explanation:
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Id:45235
Q28)Whichoneofthefollowingwouldbeanexampleofmarketfailurerequiring
governmentinterference?
1)Competitionamongbusinessesdrivesdown
2)Negativeexternalitiesaregeneratedby
3)Mr.Bhatiisoffered50millionperyeartoplay
4)Consumersareinfluencedbyadvertising
thepriceofcalculatorssolowthatmany
producersgobankrupt
basketball.
Explanation:
Q29)
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Id:45024
businessproductionpollutingthe
environment.
convincingthemtobuyproductstheydonot
need.
istheexampleofmixedeconomy
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Id:44838
1)India
2)USA
3)UK
4)ErstwhileUSSR
Explanation:
Q30)Ifthedemandcurveisparalleltoxaxis,thenelasticityofdemandis
1)Zero
2)One
3)Infinite
4)Greaterthanone
Explanation:
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Id:44941
Q31)Infinitepriceelasticityisthecharacteristicof
1)Perfectcompetition
2)Monopoly
3)Oligopoly
4)Duopoly
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Id:44976
Explanation:
Q32)Theprofitwhichthefirmmustearniftheyareremainintheindustryiscalled
1)Marginalprofit
2)Normalprofit
3)Equimarginalprofit
4)DividendProcuring
Explanation:
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Id:45119
Q33)Whichofthealternativestothemoderntheoryofthefirmholdsthatmanagers
attempttomeetsomegoalthatisdefinedintermsofaspecifiedlevelofsales,
profits,growthormarketshare?
1)Salesmaximizationmodel
2)Managementutilitymaximizationmodel
3)Satisficingmodel
4)Profitmaximizationmodel
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Id:45156
Explanation:
Q34)Underinductivemethodthelogicproceedfrom
1)Generaltoparticular
2)Positivetonormative
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Id:44872
3)Normativetopositive
4)Particulartogeneral
Explanation:
Q35)Microeconomicsisconcernedwith:
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Id:45131
1)Theeconomyasawhole
2)Theelectronicsindustry
3)Thestudyofindividualeconomicbehavior
4)Theinteractionswithintheentireeconomy
Explanation:
Q36)Ifthecrosspriceelasticitybetweentwogoodsisnegative,thetwogoodsarelikely
tobe:
1)Substitutes
2)Complements
3)Necessities
4)Luxuries
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Id:45212
Explanation:
Q37)Demandforanormalproductmayshiftoutwardsif:
1)Pricedecreases
2)Thepriceofasubstituterises
3)Thepriceofacomplementrises
4)Incomefalls
Explanation:
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Id:45227
Q38)Inafreemarketeconomy,whenconsumersincreasetheirpurchaseofagoodand
thelevelofexceedsthenpricetendstorise.
1)Demand,supply
2)Supply,demand
3)Prices,demand
4)Profits,supply
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Id:44873
Explanation:
Q39)Whichstatementistrueofthebasiceconomicproblem?
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Id:45086
1)Theproblemwillexistaslongasresources
2)Theproblemexistsonlyinlessdeveloped
3)Theproblemwilldisappearasproduction
4)Theadvancementoftechnologywillcausethe
arelimitedanddesiresareUnlimited.
countries.
expands.
problemtodisappear
Explanation:
Q40)Economiccost=cost+cost.
1)Accounting,Explicit
2)Implicit,explicit
3)Accounting,outlay
4)Explicit,imputed
Explanation:
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Id:44846
Q41)Marketwithonebuyerandoneselleriscalled
1)Monospony
2)Monopoly
3)Bilateralmonopoly
4)None
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Id:45000
Explanation:
Q42)Whichofthefollowingcostisnotrecordedinthebooksofaccount?
1)Directcost
2)Indirectcost
3)Opportunitycost
4)Explicitcost
Explanation:
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Id:44834
Q43)Marginalrevenueisequaltopriceforwhichoneofthefollowingtypesofmarket
structure?
1)Monopoly
2)PerfectCompetition
3)Monopolistic
4)Oligopoly
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Id:45246
Explanation:
Q44)Err:509
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Id:44816
1)GAAT
2)IMF
3)IBRD
4)NoneofThese
Explanation:
Q45)Whichamongthefollowingsmeansthecostofforegoneopportunities?
1)DiscountingPrinciple
2)OpportunityCost
3)InventoryManagement
4)PrincipleofTimePerspective
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Id:38747
Explanation:
Q46)istheprobablemeasurementofuncertainty
1)Opportunitycost
2)Marginalcost
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Id:44835
3)Risk
4)Insurance
Explanation:
Q47)Demandforacommodityisdefinedas
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1)Wantforthecommodity
2)Quantitydemandedforaparticularcommodity
3)Desireforthecommodity
4)Quantitydemanded
Explanation:
backedbywillingnesstopay.
Q48)TheLawofSupplystatesthatwhenthepriceofacommodityrises,thequantity
supplied.
1)Rises.
2)Falls.
3)Doesnotrise.
4)Doesnotfall
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Id:45202
Explanation:
Q49)Managerialeconomicsbasically
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Id:38736
1)PositiveEconomics
2)NormativeEconomics
3)PositiveandNormativeboth
4)NegativeEconomics
Explanation:
Q50)Homogeneityoftheproductisacharacteristicfeatureof
1)Monopoly
2)Perfectcompetition
3)Monopolisticcompetition
4)Oligopoly
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Id:45217
Explanation:
Q51)Thecoordinatingmechanismintheeconomyofthepricesystemwasdescribedby
AdamSmithas:
1)Visiblehand
2)Invisiblehand
3)TotalRevenue
4)Profits
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Id:45016
Explanation:
Q52)FullformofFDIis
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Id:44879
1)Fastdirectinvestment
2)Foreigndirectinvestment
3)ForeigndivisioninIndia
4)FooddirectInvestment
Explanation:
Q53)Underperfectcompetition,priceoftheproduct
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Id:45002
1)Canbecontrolled
2)Cannotbecontrolled
3)Canbecontrolledwithincertainlimit
4)Controlledbyfirmonly
Explanation:
Q54)Thevalueofelasticityofdemandrangesfrom
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Id:45280
1)Zerotoone
2)Onetoinfinity
3)Alwayszero
4)Zerotoinfinity
Explanation:
Q55)Efficientallocationofresourcesislikelytobeachievedunder
1)Monopoly
2)Monopolisticcompetition
3)Perfectcompetition
4)Oligopoly
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Id:44995
Explanation:
Q56)Themostbasicassumptionuponwhichthefoundationofeconomicsisbasedisthat
1)continuedtechnologicalimprovementis
necessarytostimulateessentialeconomic
growth.
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2)privateownershipofresourcesisnecessary
formaximumeconomicgrowth
3)themarketsystemisthebestofallpossible
productionsystems
4)society'sresourcesarelimitedandunableto
satisfyunlimitedwants
Explanation:
Q57)Economicsis
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Id:44818
1)Science
2)Art
3)Bothaandb
4)Noneofthese
Explanation:
Q58)Priceelasticityofcigaretteis
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1)Lessthanone
2)Morethanone
3)One
4)Relativelyelastic
Explanation:
Q59)Valuemaximizationtheoryfailstoaddresstheproblemof:
1)Risk
2)Uncertainty
3)Sluggishgrowth
4)Selfservingmanagement
Explanation:
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Id:45161
Q60)Whichofthefollowingcurveishorizontal?
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Id:44960
1)Variablecost
2)Fixedcost
3)Marginalcost
4)Totalcost
Explanation:
Q61)Interdependenciesisthefeatureof
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Id:45164
1)Perfectcompetition
2)Monopoly
3)Monopolisticcompetition
4)Oligopoly
Explanation:
Q62)Asperlawofdemandtherelationshipbetweenpriceanddemandis
1)Direct.
2)positive.
3)Proportionate.
4)Inverse.
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Id:45213
Explanation:
Q63)Ifconsumeralwaysspend15%oftheirincomeonfoods,thenincomeelasticityof
demandforfoodis
1)1.15
2)0.15
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Id:38768
3)1
4)Impossibletodetermine
Explanation:
Q64)Iflabourhaslesselasticdemandthancapital,wageswouldbe______thaninterest
1)Less
2)More
3)Equal
4)None
Explanation:
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Id:45251
Q65)Economicproblemarisesmainlyduetospecificreasons
1)Humanwantsareunlimitedandtosatisfy
humanwantsarescarce
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Id:45107
2)Humanwantsonly
3)Enormousraisingpopulationonly
4)Unlimitedmobilityofworkers
Explanation:
Q66)Economicprogress
1)Reflectsthatpeopleareachievinghigher
incomelevelsandliving_x000D_standards.
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Id:45122
2)Requiresthatindividualsworklongerhours.
3)Impliesscarcityisnolongeraproblem.
4)Indicatesincomelevelsarehighereven
thoughenvironmentalandhealth_x000D_
conditionshaveworsened.
Explanation:
Q67)Thesensitivityofthechangeinquantitydemandedtoachangeinpriceiscalled
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Id:38778
1)Incomeelasticity.
2)Crosselasticity.Priceelasticityofdemand.
3)Priceelasticityofdemand.
4)Coefficientofelasticity.
Explanation:
Coefficientofelasticity.
Q68)Thescarcityorscientificorchoicemakingdefinitionofeconomicsisstatedby
1)Adamsmith
2)Samuelson
3)Robbins
4)Scumpeter
Marks:1.0
Id:44821
Explanation:
Q69)Incomeelasticityofdemandfordiamondswouldbe:
1)1
2)0
3)>1
4)<1
Explanation:
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Id:45252
Q70)Opportunitycostofmachineproducingonlyoneproductis
1)Low
2)High
3)Infinite
4)Medium
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Id:45282
Explanation:
Q71)Opportunitycostisbestdefinedas:
Marks:1.0
Id:45066
1)Howaneconomysufferswheninrecession?
2)Thecostofdecisionexpressedasnextbest
3)Thecostofdecisionexpressedinmonetary
4)Thefinancialcostsassociationwiththe
terms
alternative
productionofgoodsandservices.
Explanation:
Q72)Afirmoperatingunderconditionsofperfectcompetitioncan:
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Id:45181
1)Determinethepriceofitsproduct.
2)Promotethesalesthrougheffective
3)Determineonlythesizeofitsoutput.
4)Capturethemarketbycuttingdowntheprice.
advertisement.
Explanation:
Q73)Inwhichtypeofeconomycaneachproducerallocatehisresourcesbasedonthe
Marks:1.0
demand?
Id:45020
1)Mixedeconomy
2)Marketeconomy
3)Commandeconomy
4)Regulatedeconomy
Explanation:
Q74)Supposeafirmisselling5unitsoftheoutputatthepriceofRs.15perunit.Nowifit
wantstosell6unitsinsteadof5unitsandtherebythepriceoftheproductfallsto
Rs.14thenthemarginalrevenuewillbe
1)14
2)10
3)15
4)9
Explanation:
Marks:1.0
Id:38801
Q75)Thestudyofagreementsofeconomyisdonethrough:
1)MicroEconomics
2)MacroEconomics
3)NotMicrobutwithMacro
4)Theoryofpopulation
Marks:1.0
Id:45117
Explanation:
Q76)Iftwogoodsareperfectsubstitutesforeachother,thecrosselasticitybetweenthem
is
1)Infinite
2)Zero
3)Positive
4)Negative
Explanation:
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Id:44921
Q77)Abusinessissaidtobemaking_______ifitsrevenuesexceedtheaccountingcost
1)AnAccountingProfit
2)ANormalProfit
3)AnEconomicProfit
4)AnAbnormalprofit
Marks:1.0
Id:45097
Explanation:
Q78)WhichisthemethodofmeasuringGDP?
1)Incomemethod
Marks:1.0
Id:45079
2)Productivitymethod
3)Productpersuasionmethod
4)Cumulativemethod
Explanation:
Q79)Thediscriminationpricingthatattemptstotakeawaytheentireconsumersurplusis
calleddegreepricediscrimination.
1)First
2)Second
3)Third
4)Fourth
Explanation:
Marks:1.0
Id:44998
Q80)Whichamongthefollowingareknownasthefeaturesofmonopoly?
1)Largenumberofbuyers
2)Largenumberofsellers
3)Singleseller
4)Pricetaker
Marks:1.0
Id:38794
Explanation:
Q81)Whichofthefollowingistheexampleofcomplementarygoods?
1)Teaandcoffee
2)Teaandsugar
3)Ballpenandinkpen
4)Shoesandgold
Explanation:
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Id:44890
Q82)Inperfectcompetitiveindustriesare
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Id:38790
1)Pricetaker
2)Pricemaker
3)Pricedeterminate
4)Priceregulator
Explanation:
Q83)Profitisthemotiveof
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Id:44839
1)Mixedeconomy
2)Socialisticeconomy
3)Capitalisticeconomy
4)Centrallyplannedeconomy
Explanation:
Q84)Marginalcostchangeduetochangein
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Id:44961
1)Totalcost
2)Averagecost
3)Variablecost
4)Quantityofoutput
Explanation:
Q85)Inequalityofincomeisthecharacteristicof
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Id:44841
1)Capitalisteconomy
2)Socialisticeconomy
3)Mixedeconomy
4)Planningeconomy
Explanation:
Q86)Supposeafirmdecidestoincreaseitsoutput.Thismayinvolveariseinitstotalcost
by30%andwithanincreaseinoutputby15%,thenincrementalcostis
1)2%
2)3%
3)%
4)Noneofthese
Explanation:
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Id:44869
Q87)_________isthestudyofeconomicactionsofindividualsandsmallgroupsof
individuals.
1)MicroEconomics
2)MacroEconomics
3)ManagerialEconomics
4)BusinessEconomics
Marks:1.0
Id:45037
Explanation:
Q88)Economistswhoareconcernedaboutthebehaviorofindividualhouseholds,firms
andindustriesarestudying:
1)Nanoeconomics
2)Microeconomics
3)Macroeconomics
4)Neoeconomics
Explanation:
Marks:1.0
Id:45070
Q89)Whenconsumersincomeincreases,demandforaninferiorgood.
1)Increases.
2)Decreases.
3)Doesnotchange.
4)Changes.
Marks:1.0
Id:45170
Explanation:
Q90)Forcorefooditemsdemandis_______________.
1)Moreelastic.
2)Lesselastic.
3)Unitaryelastic.
4)Notelastic.
Marks:1.0
Id:45169
Explanation:
Q91)Grossprofitincludes
Marks:1.0
Id:45089
1)Overheadexpenses+interestexpense+taxes
2)Overheadexpenses+interestexpensetaxes
3)Overheadexpensesinterestexpensetaxes
4)Overheadexpensesinterestexpense+taxes
andextraordinaryitems
andextraordinaryitems
Explanation:
andextraordinaryitems
andextraordinaryitems
Q92)InIndiatosomedegreeperfectcompetitionexistsinthefollowingindustry:
1)Cement
2)Soapsanddetergents
3)RiceFarming
4)DentalCareProducts
Marks:1.0
Id:45237
Explanation:
Q93)Whattypeofrelationshipexistsbetweenthepriceandquantitydemanded?
1)Direct.
2)Inverse.
3)Positive.
4)Normative.
Explanation:
Marks:1.0
Id:45260
Q94)Economicsincludesthefollowingeconomicactivity
1)Production
2)Consumption
3)Exchange
4)Alloftheabove
Marks:1.0
Id:45285
Explanation:
Q95)NNPatmarketpricewillbe
Marks:1.0
Id:45084
1)GNP+costofcapital
2)GNP+cash
3)GNPatmarketpricesdepreciation
4)GNP+dividend
Explanation:
Q96)istheprobablemeasurementofuncertainty
1)Opportunitycost
2)Marginalcost
3)Risk
4)Insurance
Explanation:
Marks:1.0
Id:45288
Q97)Opportunitycostinclude
Marks:1.0
Id:44870
1)Implicitcost
2)Explicitcost
3)Bothaandb
4)Neitheranorb
Explanation:
Q98)Accordingtolawofdemandotherthingsbeingequal,ifthepriceofcommodityfalls
thequantitydemandedofitwill
1)Rise
2)Decrease
3)Increase
4)Fall
Explanation:
Marks:1.0
Id:44891
Q99)Fromsociety'spointofview,theeconomicfunctionofprofitsandlossesisto:
1)Promotetheequaldistributionofrealassets
2)Achievefullemploymentandpricelevel
3)Contributetoamoreequaldistributionof
4)Reallocateresourcesfromlessdesiredto
andwealth
income
Marks:1.0
Id:45032
stability
moredesireduses
Explanation:
Q100)Generaltheoryofemployment,interest,andmoneypropoundedby
1)Keynes
2)Marshall
Marks:1.0
Id:44862
3)Marx
4)Knight
Explanation:
Q101)Forthepricetakingfirm
Marks:1.0
Id:44971
1)MR<price
2)MR=price
3)MR>price
4)IndeterminaterelationbetweenpriceandMR
Explanation:
Q102)Itisthedifferencebetweentotalrevenueandtotaleconomiccost
1)AccountingProfit
2)NetProfit
3)GrossProfit
4)EconomicProfit
Marks:1.0
Id:45148
Explanation:
Q103)Whichbestdescribesademandcurve?
1)Thequantityconsumerswouldliketobuyin
anidealworld
Marks:1.0
Id:45225
2)Thequantityconsumersarewillingtosell
3)Thequantityconsumersarewillingandableto
buyateachandeveryincomeallotherthings
unchanged
4)Thequantityconsumersarewillingandableto
buyateachandeverypriceallotherthings
unchanged
Explanation:
Q104)Inthecaseofastraightlinedemandcurvemeetingthetwoaxes,thepriceelasticity
ofdemandatthemidpointofthelinewouldbe
1)Zero
2)One
3)Greaterthanone
4)Lessthanone
Marks:1.0
Id:44910
Explanation:
Q105)Positiveaspectsofeconomicsisconcernedwith
Marks:1.0
Id:44826
1)Whatoughttobe
2)Whatis
3)Ethical
4)Whyeconomics
Explanation:
Q106)Inlawofdemand,whichisdependentandwhichisindependentvariable?
Marks:1.0
Id:38771
1)Priceisdependentdemandisindependent
2)Priceisindependentdemandisdependent
3)Priceanddemandbothdependent
4)Priceanddemandbothindependent
Explanation:
variable
Q107)Thecircularflowofgoodsandincomesshowthe
1)Wagesandsalaries
2)Firmsandhouseholds
3)Incomeandmoney
4)Goodsandservices
Marks:1.0
Id:45138
Explanation:
Q108)Inperfectlycompetitivemarketafirminthelongrunoperatesat
1)AC=MC
2)AR=MR
3)MR=MC
4)P=AR=MR=AC=MC
Explanation:
Marks:1.0
Id:45255
Q109)Valuejudgmentpossiblein
Marks:1.0
Id:44828
1)Positivescience
2)Normativescience
3)Deductivemethod
4)Inductivemethod
Explanation:
Q110)ThecommoditywhosedemandisassociatedwiththenameofSirRobertGiffen?
1)Necessarygoods
2)Luxurygoods
Marks:1.0
Id:44938
3)Inferiorgoods
4)Ordinarygoods
Explanation:
Q111)Unemploymentmeansthat:
Marks:1.0
Id:38738
1)thereisexcessdemandinthelabourmarket.
2)atthegoingwagerate,therearepeoplewho
3)peoplearenotwillingtoworkatthegoing
4)therearesomepeoplewhowillnotworkatthe
wagerate.
Explanation:
wanttoworkbutcannotfindwork
goingwagerate.
Q112)WhichmarketbothAR=MR?
Marks:1.0
Id:38791
1)Competitive
2)Monopoly
3)Monopolistic
4)Oligopoly
Explanation:
Q113)Adecreaseinthesupplyofagoodwilltendtocause:
1)anincreaseintheequilibriumpriceand
2)adecreaseintheequilibriumpriceand
3)adecreaseintheequilibriumpriceandan
4)anincreaseintheequilibriumpriceanda
quantity
increaseintheequilibriumquantity
Explanation:
quantity
decreaseintheequilibriumquantity
Marks:1.0
Id:45197
Q114)Graphicalpresentationofdemandschedule
Marks:1.0
Id:38762
1)Demandschedule
2)Demandcurve
3)Demandlaw
4)Lawofdemand
Explanation:
Q115)Economicsistheenquiryintothenatureandcausesofwealthofnationsstated
by
1)Adamsmith
2)Robbins
Marks:1.0
Id:44822
3)Amertyasen
4)Friderman
Explanation:
Q116)Crosselasticitybetweenshoesandcoldrinkis
1)Infinite
2)Greaterthanzero
3)Greaterthanzero
4)Zero
Explanation:
Marks:1.0
Id:44920
Q117)Ifthereissmallchangeinpricecauses,aninfinitechangeindemand,thanelasticity
ofdemandis
1)Equaltozero.
2)Greaterthanone.
3)Lessthanone.
4)Equaltoinfinite
Marks:1.0
Id:38780
Explanation:
Q118)Incaseofmonopoly,demandcurveissameas
1)MRcurve
2)ARcurve
3)ACcurve
4)MCcurve
Explanation:
Marks:1.0
Id:44996
Q119)Economicgoodsaregoodswhich:
Marks:1.0
Id:45068
1)Obeythelawsofeconomics
2)Arescarceandlimitedinsupply
3)Aretangible
4)Areintangible
Explanation:
Q120)Theincomeelasticityofdemand:
Marks:1.0
Id:45184
1)ispositiveforaninferiorgood
2)isnegativeforanormalgood
3)isnegativeforaninferiorgood
4)iszeroforaninferiorgood
Explanation:
Q121)Incomeflowisalsoknownas
Marks:1.0
Id:44864
1)Productflow
2)Moneyflow
3)Profitflow
4)Cashflow
Explanation:
Q122)Variationindemandmeans_x000D__x000D_
1)Changeindemandwhenprice
changes_x000D_
Marks:1.0
Id:45287
2)Changeindemandwhenpriceisconstant
_x000D__x000D_
3)Changeindemandwhenotherfactorchanges
4)Alloftheabove
Explanation:
Q123)Thefatherofeconomicsis
Marks:1.0
Id:44819
1)Adamsmith
2)Marshall
3)Keynes
4)Samuelson
Explanation:
Q124)Theopportunitycostofamachinewhichcanbeproduceonlyoneproductis
1)Low
2)Infinite
3)One
4)Large
Marks:1.0
Id:44866
Explanation:
Q125)Economicprofitreferstominusallrelevantcosts,bothexplicitandimplicit.
1)Profit
2)Cost
3)Expenses
4)Revenue
Explanation:
Marks:1.0
Id:45051
Q126)Lawrelatedtomonopolyis
Marks:1.0
Id:44999
1)FERA
2)MRTP
3)IDRA
4)FEMA
Explanation:
Q127)Thetwobasicmarketsshownbythesimplecircularflowmodelare
1)Capitalgoodsandconsumergoods
2)Freeandcontrolled.
3)Productandresource
4)Householdandbusiness
Marks:1.0
Id:45063
Explanation:
Q128)NNPequalsto
Marks:1.0
Id:45082
1)GNPdividend
2)GNPdepreciation
3)GNPgold
4)GNPcostofcapital
Explanation:
Q129)Identifyfixedcostfromthefollowing
Marks:1.0
Id:44959
1)Labourcost
2)Electricitybill
3)Salaryofwatchman
4)Costofrawmaterial
Explanation:
Q130)Flowsofthefactorofproductionandthegoodsandservicesbetweenthedifferent
sectoris
1)Realflow
2)Moneyflow
3)Cashflow
4)Productflow
Explanation:
Marks:1.0
Id:44865
Q131)Microeconomicisconsideredas
Marks:1.0
Id:44861
1)Staticanalysis
2)Dynamicanalysis
3)Changinganalysis
4)Noneofthese
Explanation:
Q132)Inafreemarketeconomytheallocationofresourcesisdeterminedby
1)Votestakenbyconsumers
2)Acentralplanningauthority
3)Byconsumerpreferences
4)Thelevelofprofitsoffirms
Explanation:
Marks:1.0
Id:45060
Q133)dealswithaggregateeconomic
Marks:1.0
Id:44829
1)Microeconomic
2)Macroeconomic
3)Capitalisteconomy
4)Socialisticeconomy
Explanation:
Q134)Thedemandcurveshows
1)themaximumamountconsumersarewillingto
payforparticularunitsofagood
Marks:1.0
Id:38767
2)theminimumamountconsumersarewillingto
payforparticularunitsofagood
3)theaverageamountconsumersarewillingto
payforparticularunitsofagood
4)thatconsumerswanttopaythelowestprice
Explanation:
Q135)Scarcitycanbeavoidedbymaking:
Marks:1.0
Id:45069
1)needsunlimited
2)resourceslimited
3)wantsandneedslimited
4)wantsunlimited
Explanation:
Q136)Costisalsoknownasexplicitcost.
Marks:1.0
Id:44844
1)Opportunity
2)Accounting
3)Outlay
4)Sunk
Explanation:
Q137)Allofthefollowingarethecharacteristicofperfectcompetitionexcept
1)Uniformprice
2)Largeno.ofbuyersandsellers
3)Differentiatedgoods
4)Absenceoftransportcoat
Explanation:
Marks:1.0
Id:44967
Q138)Whatistheshapeofdemandcurvefacedbyfirmunderperfectcompetition?
1)Horizontal
2)Vertical
3)Positivelysloped
4)Negativelysloped
Marks:1.0
Id:44968
Explanation:
Q139)Economicsshouldbeneutralbetweenendsstatedby
Marks:1.0
Id:44827
1)Robbins
2)Marshall
3)Pigou
4)Adamsmith
Explanation:
Q140)Therelationshipbetweenquantitysuppliedandpriceis_____andtherelationship
betweenquantitydemandedandpriceis_____.
1)direct,inverse
2)inverse,direct
3)inverse,inverse
4)direct,direct
Explanation:
Marks:1.0
Id:45268
Q141)Ina__________thedecisionsofacentralplannerarereplacedbythedecisionsof
millionsoffirmsandhouseholds.
1)Marketeconomy
2)Businesseconomy
3)Socialeconomy
4)Planteconomy
Marks:1.0
Id:45101
Explanation:
Q142)Economicsisasciencewhichdealswithhumanwantsandtheirsatisfaction.
1)Social
2)Political
3)Natural
4)Physical
Explanation:
Marks:1.0
Id:45052
Q143)WhichOfTheFollowingEconomicIndicatorsShowAdverseEffectOnTheStock
Market?
1)LowDomesticSaving
2)HighForeignExchangeProduction
3)HighIndustrialProduction
4)LowInterestRate
Marks:1.0
Id:45130
Explanation:
Q144)Thesensitivityofthechangeinquantityconsumedofoneproducttoachangeinthe
priceofarelatedproductiscalled
1)Crosselasticity.
2)Substituteelasticity.
3)Complementaryelasticity.
4)Priceelasticityofdemand.
Marks:1.0
Id:38781
Explanation:
Q145)Lawofsupplystates
Marks:1.0
Id:38787
1)Inverserelationbetweenpriceanddemand
2)Inverserelationbetweenpriceandsupply
3)Directrelationbetweenpriceanddemand
4)Directrelationbetweenpriceandsupply
Explanation:
Q146)AdamSmithclaimsthatforaneconomytoachievemutualgainsfromvoluntary
Marks:1.0
exchangeitrequires
Id:45023
1)consumersbeingconsiderateoftheirfellow
2)businessesmaintaininggoodwillintheir
3)selfinterestedbehaviorbyconsumersand
4)governmentinterferencewiththemarket.
man
businesses.
businessrelations.
Explanation:
Q147)Amarketwithonesellerisanexampleof:
Marks:1.0
Id:45206
1)Monotony
2)Oligopoly
3)Monopoly
4)Duopoly
Explanation:
Q148)ThewordeconomicscomesfromtheGreekwordfor:
1)Environment
2)Onewhomanagesahousehold
3)Onewhoparticipatesinthemarket
4)Conservation
Marks:1.0
Id:45039
Explanation:
Q149)WhenthepriceofaGiffengoodfalls,itsquantitydemanded.
Marks:1.0
Id:45171
1)Rises.
2)Falls.
3)Doesnotchange.
4)Changes.
Explanation:
Q150)Selectthegroupthatbestrepresentsthebasicfactorsofproduction.
1)land,labor,capital,technology
2)land,naturalresources,labor,capital
3)land,labor,capital,entrepreneurship
4)land,labor,money,managementskills
Explanation:
Marks:1.0
Id:45057
Q151)Firmswhichengageinsatisficingbehaviorarelikelytobe
1)Leadingfirmsintheirindustry
2)Innovative,risktakers,performing
3)Conservative,riskaverseandperforming
4)Growthmaximizes
adequately
Marks:1.0
Id:45159
satisfactorily
Explanation:
Q152)AllofthefollowingaredeterminantsofsupplyEXCEPT:
1)Price
2)Objectivesofthefirm
3)Incomelevels
4)Leveloftechnology
Explanation:
Marks:1.0
Id:45210
Q153)Profitsarisebecausetheentrepreneursintroduceinnovationsstatedby
1)Schumpeter
2)Knight
3)Keynes
4)Robbins
Marks:1.0
Id:44863
Explanation:
Q154)Inafreemarket
1)Governmentsintervene
Marks:1.0
Id:45134
2)Governmentsplanproduction
3)Governmentsinterfere
4)Pricesadjusttoreconcilescarcityanddesires
Explanation:
Q155)Perfectcompetition,inlongrunfirmsearn
Marks:1.0
Id:38795
1)Normalprofit
2)Abnormalprofit
3)Normalloss
4)Abnormalloss
Explanation:
Q156)Liberalizationrefersto
Marks:1.0
Id:44884
1)Integrationoftheworldeconomy
2)Transferassetfrompublicsectortoprivate
3)Relaxationofpreviousgovernmentrestriction
4)Allofthese
sector
Explanation:
Q157)SEBIstandsfor
Marks:1.0
Id:44877
1)SecuritiesandexchangeboardofIndia
2)SavingandearningboardofIndia
3)StockexchangeboardofIndia
4)StrategicandeconomicboardofIndia
Explanation:
Q158)Rationaldecisionmakingunderconditionsofscarcityrequiresindividualsto:
1)placeamonetaryvalueoneverythingtheydo.
2)knowthepricesofallgoodstheymight
3)understandthattheyhavetomakechoices,or
4)beconstantlyalerttopricereductionson
tradeoffs
Marks:1.0
Id:45177
possiblybuy.
desiredproducts.
Explanation:
Q159)Whichofthefollowinglawsstatesthatthemoreaconsumerconsumesofaproduct,
thelessistheutilityhederivesfromtheadditionalconsumption?
1)LawofequilibriumMarginalutility.
2)Lawofordinalutility.
Marks:1.0
Id:45261
3)Lawofcardinalutility.
4)Lawofdiminishingmarginalutility.
Explanation:
Q160)ThePrincipalAgentProblemariseswhen
Marks:1.0
Id:45031
1)Theprincipalandtheagenthavedifferent
2)Theprincipalcannotdecidewhetherthefirm
3)Theprincipalcannotenforcethecontractwith
4)Bothaandc
objectives
theagentorfindsittoocostlytomonitorthe
agent
Explanation:
shouldseektomaximizetheexpectedfuture
profitsofthefirmormaximizethepricefor
whichthefirmcanbesold
Q161)Ifanincreaseinconsumerincomeleadstoadecreaseinthedemandforgoodx,
thengoodxis:
1)asubstitute
2)acomplementarygood
3)ainferiorgood
4)anormalgood
Marks:1.0
Id:45196
Explanation:
Q162)Whatarethetwosectorsintwosectormodelofcircularflow?
1)Householdsector&BusinessSector
2)Householdsector&GovernmentSector
3)Householdsector&ForeignSector
4)Householdsector&PrivateSector
Explanation:
Marks:1.0
Id:38739
Q163)Ifthesupplyofwaterbottleddecreases,theequilibriumpriceandthe
equilibriumquantity
1)Increases,decreases
2)Decreases,decreases
3)Decreases,increases
4)Increases,increases
Marks:1.0
Id:44952
Explanation:
Q164)Whatdoesmonopolisticcompetitionhaveincommonwithmonopoly?
1)Mutualinterdependence
2)Theabilitytocolludewithrespecttoprice
Marks:1.0
Id:45277
3)Alargenumberoffirms
4)Adownwardslopingdemandcurve
Explanation:
Q165)Marginalutilityanalysisassumes:
Marks:1.0
Id:45112
1)Thatutilitycanbemeasured
2)Thatutilitycannotbequantified
3)Theutilityisstatic
4)Noneoftheabove
Explanation:
Q166)Percapitaincomeisassociatedwith
Marks:1.0
Id:44831
1)Microeconomic
2)Macroeconomic
3)Positivescience
4)Mixedeconomy
Explanation:
Q167)Theshapeofdemandcurveincaseofperfectlyelasticis
1)Vertical
2)Downwardsloping
3)Horizontal
4)Upwardsloping
Explanation:
Marks:1.0
Id:44906
Q168)Largeno.ofbuyersandsellersarethecharacteristicof
1)Perfectcompetition
2)Monopoly
3)Oligopoly
4)Duopoly
Marks:1.0
Id:44977
Explanation:
Q169)Perfectcompetitionisamarketsituationcharacterizedby
Marks:1.0
Id:45215
1)Asingleseller
2)Limitedsellers
3)Alargenumberofsellers
4)Afewsellers
Explanation:
Q170)Ifthedemandismorethansupply,thenthepressureonpricewillbe
1)Upward
2)Downward
3)Constant
4)Noneoftheabove
Explanation:
Marks:1.0
Id:44953
Q171)ThegovernorofReservebankofIndiais
Marks:1.0
Id:44883
1)D.subbarao
2)Raghuramgovindrajan
3)Bimaljalan
4)Noneofthese
Explanation:
Q172)Elasticityiswhenthepercentagechangeinquantitydemandedisless
thanthepercentagechangeinprice.
1)Greaterthanone
2)Lessthanone
3)Greaterthanzero
4)Lessthanzero
Explanation:
Marks:1.0
Id:44916
Q173)Priceelasticityofsaltis
Marks:1.0
Id:44907
1)Perfectlyelastic
2)Unitaryelastic
3)inelastic
4)relativelyelastic
Explanation:
Q174)WhichofthefollowingfeaturesisNOTseeninimperfectcompetition?
1)Productdifferentiation
2)Pricewars
3)Allgoodsarehomogeneous
4)Allgoodsareheterogeneous
Marks:1.0
Id:45178
Explanation:
Q175)RBIstandsfor
Marks:1.0
Id:44876
1)ReversebankofIndia
2)RiverbankofIndia
3)Reservebankofinvestment
4)Noneofthese
Explanation:
Q176)Marketdemandisaggregationofindividualdemand
Marks:1.0
Id:38761
1)Vertically
2)Horizontally
3)Parallel
4)Diagonally
Explanation:
Q177)Inperfectcompetitivefirmsare
Marks:1.0
Id:38789
1)Pricetaker
2)Pricemaker
3)Pricedeterminate
4)Priceregulator
Explanation:
Q178)Theinteractionofindividualsandfirmsinamarketcanbedescribedasa
ofmoney,goodsandservicesandresourcesthroughproductandfactormarkets.
1)ConstantFlow
2)StableFlow
3)CircularFlow
4)RegularFlow
Marks:1.0
Id:45050
Explanation:
Q179)Accountingprofitisarrivedatwhenexplicitcostsaresubtractedfrom
1)Totalrevenue
2)Explicitcost
3)Implicitcost
4)Totalcost
Explanation:
Marks:1.0
Id:45145
Q180)Withafavourablegovernmentpolicytowardsagricultureandgoodmonsoon
conditions,theagriculturalsupplywillinspiteofaveragepriceofagricultural
goodsremainingconstant.
1)Increase.
2)Decrease.
3)Notchange.
4)Eitherincreaseordecrease
Marks:1.0
Id:45175
Explanation:
Q181)Whichamongthefollowingiseconomicstheory/principles?
1)Lawofdiminishingmarginalutility
2)Newtonslaw
Marks:1.0
Id:38745
3)E=MC2
4)Theoryofgravity
Explanation:
Q182)Thepriceelasticityofdemandforhamburgeris
1)Thechangeinquantitydemandedof
2)Thepercentageincreaseinthequantity
3)Theincreaseinthepriceofthehamburger
4)Thedecreaseinthequantitydemandedof
hamburgerwhenhamburgerincreasesby30
paisaperrupee
whenthepriceofhamburgerfallsby10per
centperrupee
Explanation:
Marks:1.0
Id:44903
demandedofhamburgerwhenthepriceof
hamburgerfallsby1percentperrupee
hamburgerwhenthepriceofthehamburger
fallsby1percentperrupee
Q183)The"lawofdemand"isillustratedbya
Marks:1.0
Id:45247
1)movementalongthedemandcurve.
2)leftwardshiftofthedemandcurve.
3)rightwardshiftofthedemandcurve.
4)BothanswersAandBarecorrect.
Explanation:
Q184)Thereisnodifferencebetweenfirmandindustryin
1)Monopoly
2)Perfectcompetition
3)Monopolisticcompetition
4)Oligopoly
Explanation:
Marks:1.0
Id:44980
Q185)WhatistheEconomicProblem?
1)Theproblemthathighexchangeratesdeter
exports
Marks:1.0
Id:45038
2)Havinghighlevelsofunemployment
3)Matchingendlesswantswithlimitedresources
4)Thefactthateconomiesoftengointo
recession
Explanation:
Q186)Afirmenjoysmaximumcontroloverthepriceofitsproductunder
Marks:1.0
Id:44992
1)Monopoly
2)Perfectcompetition
3)Oligopoly
4)Monopolisticcompetition
Explanation:
Q187)Factorsofproductionare
Marks:1.0
Id:45151
1)Inputsintotheproductionprocess.
2)Weather,social,andpoliticalconditionsthat
3)Thephysicalrelationshipsbetweeneconomic
4)Themathematicalcalculationsrmsmaketo
inputsandoutputs.
Explanation:
aectproduction.
determineproduction.
Q188)WhichofthefollowingstatementsregardingelasticityofdemandisTRUE?
1)Elasticityalwayshasanegativevalue
2)Elasticitycanbepositiveornegative
3)Elasticityalwayshasapositivevalue
4)Elasticitycanneverbezero
Marks:1.0
Id:45243
Explanation:
Q189)Nationalincomeis
1)Thenetoutputofcommoditiesandservices
flowingduringayearfromthecountries
productivitysystem
Marks:1.0
Id:45077
2)Thenetinterest
3)Thedividend
4)Thenetdepreciation
Explanation:
Q190)Inflationrefersto:
Marks:1.0
Id:45126
1)RisingPrices
2)ReducesMoneySupply
3)Increaseddemand
4)Increasedsupply
Explanation:
Q191)Adecreaseinincomeshould:
Marks:1.0
Id:45228
1)Shiftdemandforaninferiorproductinwards
2)Shiftdemandforaninferiorproductoutwards
3)Shiftsupplyforaninferiorproductoutwards
4)Shiftsupplyforaninferiorproductinwards
Explanation:
Q192)Elasticityofdemandisgreaterthan1impliesthatdemandis.
1)Elastic.
2)Inelastic.
3)Relativelyelastic.
4)Relativelyinelastic.
Explanation:
Marks:1.0
Id:45221
Q193)Singlebuyeristhecharacteristicof
Marks:1.0
Id:44978
1)Monopoly
2)Perfectcompetition
3)Duopoly
4)Noneofthese
Explanation:
Q194)Inmonopolisticcompetition,firmsachievesomedegreeofmarketpower:
Marks:1.0
Id:45186
1)Becauseofbarrierstoentryintotheindustry
2)Becauseofbarrierstoexitfromtheindustry
3)Byproducingdifferentiatedproducts
4)Byvirtueofsizealone
Explanation:
Q195)Afallinprice:
Marks:1.0
Id:45226
1)Willcauseaninwardshiftofdemand
2)Willcauseanoutwardshiftofsupply
3)Leadstoamovementalongademandcurve
4)Leadstoahigherlevelofproduction
Explanation:
Q196)MoneyiswhatMoneydoes,wasthedefinitionofMoneygivenby:
1)Walker
2)Robbinson
Marks:1.0
Id:45124
3)Pigou
4)Coulborn
Explanation:
Q197)Whatisthenatureofsupplycurve?
Marks:1.0
Id:38788
1)Positiveslope
2)Negativeslope
3)Naturalslope
4)Downwardslope
Explanation:
Q198)BecauseoftheLawofSupply,supplycurves:
1)slopedownward.
2)slopeupwards.
3)areperfectlyvertical.
4)areperfectlyhorizontal.
Marks:1.0
Id:45209
Explanation:
Q199)Ineconomicsfinancialyeariscalled:
Marks:1.0
Id:45041
1)AccountingYear
2)FinancialYear
3)FiscalYear
4)MonetaryYear
Explanation:
Q200)Foramonopoly,marginalrevenueisequalto
Marks:1.0
Id:45194
1)Thepriceoftheproduct
2)Theamountpeoplebuybetweentwoprices
3)Theamountpeoplebuyatagivenprice
4)Thechangeintotalrevenuebroughtaboutby
aoneunitincreaseinquantitysold
Explanation:
Q201)Whichoneofthefollowingisanexampleofanexternality,amarketshortcoming
whichrequiresgovernmentinterference?
Marks:1.0
Id:45026
1)AmajorityofPunekarareoverweightbecause
2)BhatigetspaidmorethanRs.25millionper
3)Excessivepollutiongeneratedbybusiness
4)Successfuladvertisingconvincesconsumers
theyhaveunhealthydiets.
yeartoplaybasketball.
productionisdamagingtheenvironment.
tobuyproductstheycannotaffordanddonot
need.
Explanation:
Q202)Equilibriumreferstoamarketsituationwhere
Marks:1.0
Id:44950
1)Quantitysuppliedisequaltoquantity
2)Quantitysuppliedisgreaterthanquantity
3)Quantitydemandedisatitslowestpoint
4)Demandcurveintersectthesupplycurveatits
demanded
Explanation:
demanded
lowestpoint.
Q203)Meaningofmicroeconomics
Marks:1.0
Id:38734
1)Studyofthegeneraloutput
2)Studyofgeneralemployment
3)Studyofemploymentinaparticularfirm
4)Studyofnationalincome
Explanation:
Q204)Inperfectcompetition,D=203pp2andthesupplycurveisS=p1,wherepisprice,
DisdemandandSisSupply,findtheequilibriumpriceandequilibriumquantity.
1)4and5
2)3and2
3)6and7
4)5and4
Explanation:
Marks:1.0
Id:45165
Q205)TheauthorofAnessayonthenatureandsignificanceofeconomicscience
1)Adamsmith
2)Marshall
3)Robbins
4)HicksandAllen
Marks:1.0
Id:44857
Explanation:
Q206)Ifnewfirmsenteramonopolisticallycompetitivemarket,thedemandcurvesforthe
existingfirmswill:
1)Shifttotheleftandbecomemoreprice
inelastic
Marks:1.0
Id:45176
2)Shifttotheleftandtherewillbenochangein
priceelasticity
3)Shifttotheleftandbecomemorepriceelastic
4)Shifttotherightandtherewillbenochangein
priceelasticity
Explanation:
Q207)Demandforthecommoditydependson
Marks:1.0
Id:44926
1)Priceofthecommodity
2)Priceoftherelatedgoods
3)Income
4)Alloftheabove
Explanation:
Q208)Whichamongthefollowingsisknownastheownersoffactorsofproductioninthe
circularflow?
1)Household
2)Business
3)Government
4)Foreign
Marks:1.0
Id:38740
Explanation:
Q209)Humanwantsare
Marks:1.0
Id:44823
1)Unlimited
2)Limited
3)Scarce
4)Fullysatisfied
Explanation:
Q210)Adamsmithswealthofnationspublishedin
Marks:1.0
Id:44859
1)1776
2)1931
3)1808
4)1775
Explanation:
Q211)Iftechnologyimprovessignificantly,itwillhaveaimpactonthequantity
suppliedofacommodity.
Marks:1.0
Id:45203
1)Positive.
2)Negative.
3)Small.
4)Large.
Explanation:
Q212)Robbinsemphasizedon
Marks:1.0
Id:44824
1)Normativeaspectofscience
2)Positiveaspectofscience
3)Negativeaspectofscience
4)NonMaterialaspectofscience
Explanation:
Q213)AssumethatinthemarketforgoodsZthereissimultaneousincreaseindemandand
thequantitysupplied.theresultwillbe
Marks:1.0
Id:44956
1)Anincreaseinequilibriumpriceandquantity
2)Adecreaseinequilibriumpriceandquantity
3)Anincreaseinequilibriumquantityandprice
4)Decreaseinequilibriumpriceandquantity
remainssame
remainssame.
Explanation:
Q214)Optimizationmeans
Marks:1.0
Id:38756
1)Maximization
2)Minimization
3)Maximizationofprofit
4)Itdepends,thesituation,sometimes
Explanation:
maximizationandsometimesminimization
Q215)Whatisoriginalpriceofacommoditywhenpriceelasticityis0.71anddemand
changesfrom20unitsto15unitsandnewpriceisRs.10.
1)15
2)10
3)8
4)20
Marks:1.0
Id:38769
Explanation:
Q216)Thewordeconomicsderivedfrom
1)Greekwords
Marks:1.0
Id:44817
2)Italianwords
3)Sanskritwords
4)Spanishwords
Explanation:
Q217)Productdifferentiationistheformof
Marks:1.0
Id:45012
1)Pricediscrimination
2)Nonpricecompetition
3)Collusiveoligopoly
4)Priceleadership
Explanation:
Q218)Thedegreeofisalsoknownasconcentrationofeconomicpower.
1)Oligopoly
2)Duopoly
3)Monospony
4)Monopoly
Marks:1.0
Id:45013
Explanation:
Q219)WhenbeAnalysetheproblemofeconomyasawholeitisastudyof:
1)MicroEconomics
2)MacroEconomics
3)BothMacroandMicroEconomics.
4)Noneofthese
Explanation:
Marks:1.0
Id:45116
Q220)Therearebranchesofeconomics
Marks:1.0
Id:44843
1)2
2)4
3)5
4)3
Explanation:
Q221)IfaproductisaVeblengood:
Marks:1.0
Id:45229
1)Demandisinverselyrelatedtoincome
2)Demandisinverselyrelatedtoprice
3)Demandisdirectlyrelatedtoprice
4)Demandisinverselyrelatedtothepriceof
substitutes
Explanation:
Q222)Incomeelasticityofnecessitygoods
Marks:1.0
Id:44936
1)Greaterthanone
2)Lessthanone
3)Lessthanzero
4)Greaterthanzero
Explanation:
Q223)IfAR=AC,thefirmwillget
Marks:1.0
Id:44979
1)Abnormalprofit
2)Normalprofit
3)Loss
4)Noprofitnoloss
Explanation:
Q224)Theoryofinvestmentisapartof
Marks:1.0
Id:44860
1)Microeconomics
2)Pricetheory
3)Incometheory
4)Positivescience
Explanation:
Q225)Thesupplyofagoodrefersto
Marks:1.0
Id:38786
1)Actualproductionofthegood
2)Totalexistingstockofthegood
3)Stockavailableforthesale
4)Amountofthegoodofferedforsaleata
particularpriceperunitoftime
Explanation:
Q226)ThedemandforCheerioscerealismorepriceelasticthanthedemandforcerealsas
awhole.Thisisbestexplainedbythefactthat:
Marks:1.0
Id:45266
1)Cheeriosarealuxury.
2).cerealsareanecessity._x000D_c.
3)therearemoresubstitutesforCheeriosthan
4)consumptionofcerealsasawholeisgreater
forcerealsasawhole.
Explanation:
thanconsumptionofCheerios.
Q227)TheLawofSupplystatesthatasthepriceofaproductincreases:
Marks:1.0
Id:45242
1)consumerswillbuylessoftheproduct.
2)sellerswillofferlessoftheproductforsale.
3)sellerswilloffermoreoftheproductforsale.
4)newbuyerswillenterthemarketbecausethe
productappearspopular.
Explanation:
Q228)Thestudyofeconomicactionsofindividualsandsmallgroupsofindividualsis
knownas
1)Macroeconomics
2)Microeconomics
Marks:1.0
Id:45284
3)Bothaandb
4)Noneoftheabove
Explanation:
Q229)Homogeneousordifferentiatedproductisthefeatureof
1)Oligopoly
2)Monopoly
3)Perfectcompetition
4)Monopolisticcompetition
Explanation:
Marks:1.0
Id:45003
Q230)Whichofthefollowingisacartel?
Marks:1.0
Id:44997
1)UNO
2)IMF
3)EEC
4)OPEC
Explanation:
Q231)Kinkeddemandcurveisrelatedto
Marks:1.0
Id:38799
1)Perfectcompetition
2)Monopoly
3)Monopolisticcompetition
4)Oligopoly
Explanation:
Q232)SupposedemandisexpressedasQD=30050P.Ifwewanttomakethisequation
consistentwiththetypicalsupplyanddemanddiagram,thisequationmustbestated
as
1)P=30050Q
2)P=6.02Q
3)P=50300Q
4)Q=6.02P
Marks:1.0
Id:38804
Explanation:
Q233)FiscalyearofIndiaisrecordedas:
Marks:1.0
Id:45045
1)1stJanuaryto31stDecember
2)1stJuneto31stMay
3)1stAprilto31stMarch
4)1stSeptemberto31stAugust
Explanation:
Q234)Principalagentproblemarisesbecause
Marks:1.0
Id:45014
1)Objectivesofprinciplesarenotmetbythe
2)Objectivesofprinciplesaremetbythe
3)Objectivesofmanagersaremetbytheagents
4)Objectivesofmanagersarenotmetbythe
managers
Explanation:
managers
agents
Q235)Negativeslopedwithhigherelasticitydemandcurveisrelatedto
1)Perfectcompetition
2)Mopolisticcompetition
3)Monopoly
4)Oligopoly
Marks:1.0
Id:44987
Explanation:
Q236)Thefirmhasnocontroloverthepriceoftheproductinwhichofthefollowingmarket
structures
1)Monopoly
2)Perfectcompetition
3)Oligopoly
4)Monopolisticcompetition
Explanation:
Marks:1.0
Id:45279
Q237)Demandforaproductisbestdefinedas
Marks:1.0
Id:45214
1)Variousquantitiesthataredemandedby
2)Totalquantityofaproductdemandedata
3)Totalquantityofaproductdemandedduringa
4)Variousamountsdesiredbyconsumers.
consumers
givenperiodoftime.
particularpriceinthemarketduringagiven
periodoftime
Explanation:
Q238)Whichofthefollowingisabarriertoentrythattypicallyresultsinmonopoly?
1)Thefirmcontrolstheentiresupplyoftheraw
material
Marks:1.0
Id:45188
2)Productionoftheindustrysproductissubject
toeconomiesofscale
3)Thefirmholdsanexclusivegovernment
regulation
4)Productionofthisproductneedsalarge
capitalinvestment
Explanation:
Q239)Identifythefactorwhichgenerallykeepsthepriceelasticityofdemandforagood
low
Marks:1.0
Id:44915
1)Varietyofusesforthatgoods
2)Itslowprice
3)Closesubstituteforthatgood
4)Highproportionofconsumerincomespenton
Explanation:
it
Q240).__________includesallpaymentpaidtofactorsofproductionandopportunitycost.
1)Implicitcosts.
2)Explicitcosts.
3)Economiccosts.
4)Accountingcosts.
Marks:1.0
Id:45262
Explanation:
Q241)ThetheoryofInvisiblehandisgivenby
Marks:1.0
Id:45055
1)Samuelson
2)PeterDrucker
3)AdamSmith
4)Marshall
Explanation:
Q242)Whichofthefollowingisnotamicroeconomicproblem?
1)Whattoproduce
2)Howtoproduce
3)Forwhomtoproduce
4)Wheretoproduce
Marks:1.0
Id:44836
Explanation:
Q243)Inmonopolisticcompetition,afirm:
Marks:1.0
Id:45232
1)Hasnomarketpower.
2)Capturessignificanteconomiesofscale
3)Hasadownwardslopingdemandcurve.
4)Hasastandardizedproductthatallfirms
produce
Explanation:
Q244)Thepointwherethetotalrevenuelinecrossesthetotalcostlinecalled
1)Pointofinflection
2)Breakevenpoint
3)Equilibriumpoint
4)Splitofpoint
Explanation:
Marks:1.0
Id:45211
Q245)Economicsisconcernedwith:
Marks:1.0
Id:45065
1)earningasmuchmoneyaspossible.
2)limitingindividuals'wantssothatourscarce
3)usingscarceresourcestosatisfyvirtually
4)usingasmanyworkersaspossibletoproduce
limitlessmaterialwantsandneeds.
resourceswillnotbeusedup.
anygivenlevelofoutput.
Explanation:
Q246)Numericalvalueofrelativelyinelasticis
Marks:1.0
Id:44905
1)Zero
2)Infinite
3)Greaterthanone
4)Lessthanone
Explanation:
Q247)Theupperportionofkinkeddemandcurveisrelatively
1)Moreinelastic
2)Moreelastic
3)Lesselastic
4)Inelastic
Marks:1.0
Id:45001
Explanation:
Q248)Thepresidentof13thfinancecommissionis
Marks:1.0
Id:44882
1)Vijaybhatkar
2)Vijaykelkar
3)PChidambaram
4)Manmohansingh
Explanation:
Q249)Theincomesreceivedbyentrepreneurs,bylabor,andbytheownersoflandandof
capitalresourcesare,respectively:
1)rents,wages,interestandprofits.
2)wages,rents,profitsandinterest.
3)profits,wages,rents,andinterest
4)interest,rents,wages,andprofits.
Marks:1.0
Id:45074
Explanation:
Q250)Managerialeconomicsconsistsoftheuseofeconomicmodesofthoughttoanalyze
Marks:1.0
Id:44868
businesssituationstatedby
1)Mansfield
2)Spencer
3)McNairandMerriam
4)Adamsmith
Explanation:
Q251)WhichiscorrectstatementaboutGNP?
Marks:1.0
Id:45081
1)Wages+dividend
2)Capital+Assetsdepreciation
3)GNPatmarketprice=GDP+costofcapital
4)GNPatfactorcost=GNPatmarketprice
Explanation:
indirecttaxes+subsidies
Q252)Inthecircularowdiagram,
1)Firmsaresellersintheresourcemarketand
theproductmarket.
Marks:1.0
Id:45152
2)Householdsaresellersintheresourcemarket
3)Firmsarebuyersintheproductmarket.
4)Spendingongoodsandservicesowfrom
rmstohouseholds.
Explanation:
Q253)Whichofthefollowingstatementisincorrect?
1)Inflation:Anincreaseintheoveralllevelof
pricesintheeconomy
Marks:1.0
Id:45103
2)Productivity:Theamountofgoodsand
servicesproducedfromeachhourofa
workerstime
3)Phillipscurve:Acurvethatshowtheshortrun
tradeoffbetweeninflationandunemployment
4)BalanceofPayment:whichpaymentis
balancedinEXIMpolicy
Explanation:
Q254)Monopolistchargehighpriceinthemarketinwhichelasticityis
1)Small
2)Large
3)Infinite
4)Positive
Explanation:
Marks:1.0
Id:45008
Q255)Principledealswiththeallocationofavailableresourcesamongthe
alternativeactivities.
1)Equimarginalprinciple
2)Discountingprinciple
3)Timeperspectiveprinciple
4)Incrementalprinciple
Marks:1.0
Id:44871
Explanation:
Q256)Whenincomeofaconsumerrises,thedemandforinferiorgoods.
1)Rises.
2)Falls.
3)Doesnotchange.
4)Eitherrisesorfalls
Explanation:
Marks:1.0
Id:45166
Q257)Whichofthefollowingcombinationiscorrect?
Marks:1.0
Id:44878
1)IMFInternationalmonetaryfundestablished
2)WTOWorldtradeorganizationestablishedin
3)IBRDInternationalbankofreconstructionand
4)Allofthese
in1946
developmentalsoknownasworldbank
1995
Explanation:
Q258)Amarketinwhichfirmscanenterandleavesoeasilythatfirmsinthemarketface
competitionfrompotentialentrantsiscalleda
1)Monopoly
2)Cartel
Marks:1.0
Id:38764
3)Contestablemarket
4)Limitpricingmarket
Explanation:
Q259)Whichofthefollowingisnotthecharacteristicofapricetaker?
1)TR=P*Q
2)AR=PRICE
3)MR=AR=PRICE=DEMAND
4)Negativelyslopeddemandcurve
Explanation:
Marks:1.0
Id:44969
Q260)Thefactorofproductionthatorganizeseconomicactivityandbearstheriskina
businessventureis:
1)Labor.
2)Entrepreneur
3)Capital.
4)Land
Marks:1.0
Id:45073
Explanation:
Q261)Thereare.typesofpriceelasticity.
Marks:1.0
Id:44904
1)Five
2)Four
3)Four
4)One
Explanation:
Q262)Whoadvocatedeconomicsisascienceofchoice?
1)Pigou
2)Fisher
3)Robbins
4)Say
Marks:1.0
Id:38737
Explanation:
Q263)Thekinkeddemandmodelexplained
Marks:1.0
Id:44989
1)Priceflexibility
2)Pricerigidity
3)Demandflexibility
4)Demandrigidity
Explanation:
Q264)AssumethatwhenpriceisRs.20thequantitydemandedis15units,andwhenprice
isincreasebyRs.3,thequantitydemandedis16units.Whatisthemarginal
revenue?
1)18
2)16
3)12
4)252
Explanation:
Marks:1.0
Id:44958
Q265)Whichofthefollowingmethodofforecastingisrelatedtoeconomicindicator?
1)Barometricmethod
2)Regression
3)Trendprojectionmethod
4)Buyersintentionmethod
Marks:1.0
Id:44944
Explanation:
Q266)Complementarygoodsliketeaandsugarhavea________crosselasticity:
1)Zero
2)Negative
3)Positive
4)Infinity
Explanation:
Marks:1.0
Id:45185
Q267)Asariseinthepriceofinkpen,itseffectoninkexplainedasa
1)Increaseinthepriceofink
2)Increaseinthedemandofink
3)Expansioninthequantitydemandedofink
4)Decreaseinthedemandofink
Marks:1.0
Id:44932
Explanation:
Q268)Ifthepriceoforangejuiceincreases,thedemandforapplejuicewill
1)Increase
2)Decrease
Marks:1.0
Id:44901
3)Remainsthesame
4)Becomesnegative
Explanation:
Q269)Salesmaximizationmeans
Marks:1.0
Id:44848
1)Maximizationoftotalrevenue
2)Saleoflargequantityofoutput
3)Increasethesellingprice
4)Minimizethecost
Explanation:
Q270)Economicsisconcernedwithtradeoffscausedbyscarcity."Tradeoffs"refersto:
Marks:1.0
Id:45022
1)recyclingoldgoodsintonewgoodstoreduce
2)thealternativesgivenupwhenmaking
3)thebuyingandsellingthatoccurswhen
4)thedecisionsaboutwhetherhouseholdsor
thescarcityproblem.
unwantedgoodsareexchangedforgoodsthat
aredesired.
choices.
businessesshouldbeartheentireburdenof
thescarcityproblem.
Explanation:
Q271)Iftheproportionatechangeindemandisexactlyequalandproportionatetothe
changeinpricethanelasticityofdemandis
1)Equaltozero.
2)Greaterthanone.
3)Lessthanone.
4)Equaltoone.
Explanation:
Marks:1.0
Id:38779
Q272)GNP:
1)Isthetotalofcash,capital,productionand
gold
Marks:1.0
Id:45080
2)Isthetotalcapital
3)Isthetotalofgold
4)Isthetotalmeasureoftheflowofgoodsand
servicesatmarketvalue+incomefromabroad
Explanation:
Q273)Whoisthemotherofeconomics?
Marks:1.0
Id:38733
1)Resources
2)WifeofSmith
3)Scarcity
4)Money
Explanation:
Q274)EBTorNetProfitBeforeTaxequals
Marks:1.0
Id:45091
1)Salesrevenue+costofgoodssold+all
2)Salesrevenue+costofgoodssoldall
3)Salesrevenuecostofgoodssold+all
4)Salesrevenuecostofgoodssold+all
expensesexceptfortaxes
expensesincludestaxes
Explanation:
expensesexceptfortaxes
expensesexceptfortaxes
Q275)Aneconomyissaidtobeecientif
Marks:1.0
Id:45153
1)Itispossibletoproducemoreofallgoods.
2)Itispossibletoproducemoreofonegood
3)Itisnotpossibletoproducemoreofonegood
4)Itisnotpossibletoproducemoreofonegood
withoutproducinglessofanother.
withoutproducinglessofanother.
atanycost
Explanation:
Q276)PetrolandBikesare:
Marks:1.0
Id:45207
1)Independentcommodities
2)Complementarygoods
3)Substitutegoods
4)Identicalgoods
Explanation:
Q277)Whichofthefollowingsectorisnotincludeinthecircularflowofincomeinathree
sectoreconomy.
1)Household
2)Firms
3)Government
4)Foreignmarket
Marks:1.0
Id:44867
Explanation:
Q278)Generallythedemandcurvehas
Marks:1.0
Id:45273
1)Aslopedownwardsfromlefttoright
2)Aconstantslope
3)Aslopeupwardsfromrighttoleft
4)Apositiveslope
Explanation:
Q279)istheexampleofmixedeconomy
Marks:1.0
Id:45289
1)India
2)USA
3)UK
4)ErstwhileUSSR
Explanation:
Q280)Thevalueofpriceelasticityofdemandrangesfrom
1)Zerotoone
2)Onetoinfinity
3)Zerotoinfinity
4)Onetozero
Marks:1.0
Id:44929
Explanation:
Q281)Managerialeconomicsadoptsthescientificapproachofeconomicanalysis,but
whichisnotinvolvedwiththefollowing?
1)Reasoningforeconomiceventsandbehaviour
ofbusiness
Explanation:
2)Policiesofmacroeconomy
Marks:1.0
Id:45105
Q282)Whichofthefollowingismicroaspect?
Marks:1.0
Id:44832
1)Inflationintheeconomy
2)LockoutinTELCO
3)Unemployment
4)Depreciatethehomecurrency
Explanation:
Q283)Anincreaseinthedemandforagoodwilltendtocause:
1)adecreaseintheequilibriumpriceand
2)anincreaseintheequilibriumpriceand
3)anincreaseintheequilibriumpriceanda
4)adecreaseintheequilibriumpriceandan
quantity
decreaseintheequilibriumquantity
quantity
increaseintheequilibriumquantity
Marks:1.0
Id:45198
Explanation:
Q284)Economicsisthestudyof
Marks:1.0
Id:45135
1)Productiontechnology
2)Consumptiondecisions
3)Howsocietydecideswhat,howandforwhom
4)Thebestwaytorunsociety
toproduce
Explanation:
Q285)Amonopolisticallycompetitivefirmthatisincurringalosswillproduceaslongas
thepricethatthefirmchargesissufficienttocover:
1)advertisingcosts
2)marginalcosts
3)fixedcosts.
4)variablecosts
Marks:1.0
Id:45259
Explanation:
Q286)Whenweknowthequantityofaproductthatbuyerswishtopurchaseateach
possibleprice,weknow
1)Demand
2)Supply
3)Excessdemand
4)Excesssupply
Explanation:
Marks:1.0
Id:45133
Q287)Thegovernmentunitthatwantstoachieve"revenueenhancement"willfindit
considerablymorefavorabletoenactanexcisetaxonproductswhosedemandis
1)Highlyelastic.
2)Relativelyelastic.
3)Highlyinelastic.
4)Unitaryelastic
Marks:1.0
Id:38782
Explanation:
Q288)Whenthepriceofpetrolgoesup,demandforautomobilesdecreases.Itisimplies
thatthepetrol&automobilesare.........................
1)Substitutegoods
2)complementarygoods
3)Inferiorgoods
4)Normalgoods
Explanation:
Marks:1.0
Id:45258
Q289)Inperfectcompetition,thepriceoftheproductisdeterminedwheretheindustry
1)Elasticityofsupplyequalstheindustry
2)Supplycurveandindustrydemandcurve
3)Fixedcostiszero.
4)Averagevariablecostequalstheindustry
elasticityofdemand
Marks:1.0
Id:45204
intersect.
averagetotalcost
Explanation:
Q290)Pricediscriminationispossible
Marks:1.0
Id:44983
1)Onlyundermonopolysituation
2)Underanymarketform
3)Onlyundermonopolisticcompetition
4)Onlyunderperfectcompetition
Explanation:
Q291)Theregulatorymechanismofthemarketsystemis
1)Selfinterest
2)Privateproperty
3)Competition
4)Specialization
Explanation:
Marks:1.0
Id:45062
Q292)AssumethatconsumersincomesandthenumberofsellerinthemarketforgoodA
bothdecrease.Baseduponthisinformation,wecanconclude,withcertainty,thatthe
equilibrium
1)Pricewillincrease
2)Pricewilldecrease
3)Quantitywillincrease
4)Quantitywilldecrease
Marks:1.0
Id:44955
Explanation:
Q293)Whichofthefollowingemphasizedonnormativeaspectofscience
1)Marshall
2)Pigou
3)Adamsmith
4)Bothaandb
Explanation:
Marks:1.0
Id:44825
Q294)Whichisthecorrectstatement?
Marks:1.0
Id:45098
1)Accountingprofitdiffersfromeconomicprofit
2)Nodifferencebetweenaccountingcostand
3)Accountingcostisequaltoopportunitycost
4)OpportunitycostissameasEconomicProfit.
economiccost.
Explanation:
Q295)Thesaleoffastrackwatchisacommoninasituationof
1)Perfectcompetition
2)Monopolisticcompetition
Marks:1.0
Id:44991
3)Monopoly
4)Duopoly
Explanation:
Q296)Whichofthefollowingconditionisnotanessentialconditionofpurecompetition?
1)Largeno.ofbuyersandsellers
2)Homogeneousproduct
3)Freedomofentry
4)Absenceoftransportcost
Explanation:
Marks:1.0
Id:44965
Q297)Economicsisthestudyofadministrationofscareresourcesandofthe
determinantsofincomeandemployments.Thisdefinitionofeconomicsisgiven
by:
1)Robbinson
2)Keynes
3)Marshall
4)AdamSmith
Marks:1.0
Id:45115
Explanation:
Q298)Whenthepriceofaproductisincreased10percent,thequantitydemanded
decreases15percent.Inthisrangeofprices,demandforthisproductis:
1)Elastic.
2)Inelastic.
3)Crosselastic.
4)Unitaryelastic.
Explanation:
Marks:1.0
Id:45265
Q299)Whatisincomeelasticityofdemand,whenincomechangesby20%anddemand
changesby40%
1)
2)2
3)3
4)0.33
Marks:1.0
Id:44937
Explanation:
Q300)RetainedEarningsequals
Marks:1.0
Id:45093
1)EarningsAfterTax(orNetProfitAfterTax)
2)EarningsAfterTax(orNetProfitAfterTax)+
3)EarningsAfterTax+payabledividends
4)NetProfitAfterTax+payabledividends
payabledividends
payabledividends
Explanation:
Q301)Testmarketingresultmaynotbecorrect,because
Marks:1.0
Id:44939
1)Priceelasticityofproductishigh
2)Eventsduringtheperiodnotundercontrol
3)Sampledoesnotrepresentthepopulation
4)Duemisguidebypanelofexperts
whereproductisintroduced
Explanation:
Q302)Tripleidentityinmacroeconomicsstandsfor
Marks:1.0
Id:38758
1)O=I=E
2)A=B=C
3)X=Y=Z
4)M=N=P
Explanation:
Q303)Thedemandcurvefacedbyacompetitivefirmis:
1)Downwardsloping,withthesameelasticityas
2)Perfectlyelasticattheestablishedmarket
3)Moreinelasticthanthedemandcurvefacedby
4)Nonexistent.
theindustrydemandcurve.
itscompetitors.
Explanation:
price
Marks:1.0
Id:45234
Q304)Afirmoperatingunderconditionsofperfectcompetitionscan
Marks:1.0
Id:45270
1)Determinethepriceofitsproduct.
2)Capturethemarketbycuttingdowntheprice.
3)Determineonlythesizeofitsoutput.
4)Promotethesalesthrougheffective
advertisement.
Explanation:
Q305)Groupbehaviorandinterdependenceisthecharacteristicof
1)Monopoly
2)Perfectcompetition
3)Monopolisticcompetition
4)Oligopoly
Marks:1.0
Id:45010
Explanation:
Q306)Historicaldataisusedinestimatingfuturedemandunder
1)Surveymethod.
2)Expertopinionmethod.
3)Statisticalmethod.
4)CompleteEnumerationmethod.
Marks:1.0
Id:38775
Explanation:
Q307)Whichprofitthefirmtriestomaximize?
Marks:1.0
Id:38757
1)Economicprofit
2)Accountprofit
3)Opportunityprofit
4)Averageprofit
Explanation:
Q308)Whenthefullemploymentisreacheditwillleadto:
1)Deflation
2)Inflation
3)Marketwelfare
4)Noneofthem
Explanation:
Marks:1.0
Id:45127
Q309)TheABCLtd.producestelevision.Aneconomistworkingforthefirmpredictsthat'if
people'sincomesrisenextyear,thenthedemandforourtelevisionwillincrease.The
accuracyoftheeconomist'spredictiondependsonwhetherthetelevisionABCLtd.
produce:
1)arenormalgoods
2)havefewcomplementarygoods
3)havefewsubstitutes
4)havemanycomplementarygoods
Marks:1.0
Id:45191
Explanation:
Q310)Thedemandcurveofmonopolyfirmwillbe
Marks:1.0
Id:44974
1)Upwardsloping
2)Downwardsloping
3)Horizontal
4)Vertical
Explanation:
Q311)Anexpectedincreaseinfuturepriceofagood
1)hasnoeffectoneitheritsdemandorits
supply.
2)decreasesitsdemand.
3)increasesitsdemand.
4)increasesitssupply.
Explanation:
Marks:1.0
Id:45200
Q312)Afirmandindustryaresameunder
Marks:1.0
Id:45216
1)Monopoly
2)Monopolisticcompetition
3)Perfectcompetition
4)Oligopoly
Explanation:
Q313)Economicprofit=totalrevenue
Marks:1.0
Id:44852
1)Economiccost
2)Implicitcost
3)Explicitcost
4)Accountingcost
Explanation:
Q314)Allofthefollowingaretheexceptionsofthelawofdemandexcept
1)Giffengoods
2)Futureexpectationaboutprices
3)Demandfornecessities
4)Demandforsubstitutegoods
Marks:1.0
Id:44895
Explanation:
Q315)Consumersarelikelytogetavarietyofgoodsunder
1)Perfectcompetition
2)Monopoly
Marks:1.0
Id:44994
3)Imperfectcompetition
4)Oligopoly
Explanation:
Q316)Whichofthefollowingisnottrueaboutperfectcompetition?
1)Thedemandcurveisalsothefirmsmarginal
revenuecurve.
2)Thedemandcurveslopesdownwards.
3)Freeentryandexit.
4)Perfectknowledgeamongbuyersandsellers
Explanation:
Marks:1.0
Id:45239
Q317)Whenexcessdemandoccursinanunregulatedmarket,thereisatendencyfor:
1)pricetofall.
2)pricetorise.
3)quantitydemandedtoincrease.
4)quantitysuppliedtodecrease.
Marks:1.0
Id:38746
Explanation:
Q318)MicroeconomicsisNOTconcernedwiththebehaviorof:
1)Consumers
2)Aggregatedemand
3)Firms
4)Industries
Explanation:
Marks:1.0
Id:45053
Q319)Ifdemandincreaseduetoincreaseintheincomeofconsumerandatthesametimes
supplyremainsthesame.equilibriumpriceandquantitydemandedwillbe
1)Increase,decrease
2)Decrease,decrease
3)Increase,increase
4)Decrease,increase
Marks:1.0
Id:44954
Explanation:
Q320)aneconomythatallocatesresourcesthroughthedecentralizeddecisionsofmany
firmsandhouseholdsastheyinteractinmarketsforgoodsandservicesiscalledas
1)MarketEconomy
2)BusinessEconomy
Marks:1.0
Id:45099
3)SocialEconomy
4)EconomiesofScale
Explanation:
Q321)Thekinkeddemandcurvemodelassumesthatafirm'srivalswill
1)Followthefirm'spricedecreasesbutnotits
priceincreases
2)Notfollowanyofthefirm'spricechanges.
3)Followanypricechangethefirmmakes.
4)Followthefirm'spriceincreasesbutnotits
pricedecreases.
Explanation:
Marks:1.0
Id:38765
Q322)Itisdefinedasthedifferencebetweentotalrevenueandtotaleconomiccost
1)Economicprofit
2)Grossprofit
3)Accountingprofit
4)Operatingprofit
Marks:1.0
Id:45146
Explanation:
Q323)Theconceptofchoicewouldbecomeirrelevantif
1)capitalwereeliminated.
2)weweredealingwithaverysimple,one
3)scarcitywereeliminated.
4)povertywereeliminated.
Explanation:
personeconomy
Marks:1.0
Id:38735
Q324)Intheshortrun,themonopolist
Marks:1.0
Id:44984
1)Incursaloss
2)Abnormalprofit
3)Makesaprofit
4)Anyoftheabove
Explanation:
Q325)Managerialeconomicsisconcernedwiththeproblemof
1)Anindividualfirm.
2)Aneconomy.
Marks:1.0
Id:45054
3)Anindustry.
4)Globaleconomy.
Explanation:
Q326)Managerialeconomicsisalsocalled
Marks:1.0
Id:38741
1)AppliedEconomics
2)BasicEconomics
3)MacroEconomics
4)Bothaandb
Explanation:
Q327)Asinglepointonthedemandcurveshows
Marks:1.0
Id:45272
1)Demandandsupplyrelationship
2)Priceanddemandrelationship
3)Priceandsupplyrelationship
4)Priceandcostrelationship
Explanation:
Q328)Whichrealworldmarketcloselyapproximatesperfectcompetition
1)mostagriculturalmarkets
2)automobilemanufacturers
3)stateuniversities
4)cabletelevisionservices
Explanation:
Marks:1.0
Id:45190
Q329)NABARDestablishedin
Marks:1.0
Id:44885
1)1982
2)1970
3)1999
4)1975
Explanation:
Q330)Demandcurveslopedownwardfrom..To...
1)Left,right
2)Right,left
3)Minimum,maximum
4)Maximum,minimum
Marks:1.0
Id:44894
Explanation:
Q331)Periodsoflessthanfullemploymentcorrespondto
1)PointsoutsidethePPF
2)PointsinsidethePPF
3)PointsonthePPF
4)Anyofthese
Marks:1.0
Id:44847
Explanation:
Q332)Thecollapseofcommunismisevidenceof
Marks:1.0
Id:45035
1)Ceterisparibus
2)Marketfailure
3)Thefailureofamixedeconomy
4)Governmentfailure
Explanation:
Q333)Ineconomicsbasicproblemis
Marks:1.0
Id:45048
1)Sacrcity
2)Production
3)Allocation
4)Money
Explanation:
Q334)IfthelocalrestaurantraisesthepriceofpizzafromRs.60andRs.100andquantity
demandedfallsfrom700pizzasto100pizzas.thepriceelasticityis
1)1.5
2)3
3)3
4)Noneofthese
Marks:1.0
Id:44912
Explanation:
Q335)Whichisoneofthefutureconsequencesofanincreaseinthecurrentlevelof
consumptionintheIndia?
1)Slowereconomicgrowthinfuture
2)Greatereconomicgrowthinfuture
3)Nochangeingrowthrate
4)Greatercapitalaccumulationinfuture
Explanation:
Marks:1.0
Id:44874
Q336)Thestudyofaggregatesofeconomyisdonethrough:
1)MicroEconomics
2)MacroEconomics
3)TheoryofPopulation
4)MicroandMacroboth
Marks:1.0
Id:45111
Explanation:
Q337)Monopolisticcompetitiondiffersfromperfectcompetitionprimarilybecause:
1)Barrierstoentryinmonopolisticcompetition
2)Productdifferentiationinmonopolistic
competition
Marks:1.0
Id:45244
3)Advertisementisnotnecessaryin
monopolistic
4)Firmisapricetakerinmonopolistic
competition
Explanation:
Q338)Constrainedoptimizationtechniquesarenotdesignedtodealwiththeproblemof:
1)Selfservingmanagement
2)Contractualrequirements
3)Scarceinvestmentfunds
4)Limitedavailabilityofessentialinputs
Explanation:
Marks:1.0
Id:45162
Q339)Goodsthatexhibitdirectpricedemandrelationshiparecalled
1)Normalgoods
2)Normalgoods
3)Luxurygoods
4)Complementarygoods
Marks:1.0
Id:44923
Explanation:
Q340)Whichofthefollowingpairsofgoodsisanexampleofsubstitutes?
1)Tea&Sugar
2)Tea&Coffee
3)Pen&Ink
4)Shirt&Trousers
Explanation:
Marks:1.0
Id:38784
Q341)Quantitydemandedandpricehasa:
Marks:1.0
Id:45205
1)Positiverelationship
2)Constantrelationship
3)Negativerelationship
4)Zerorelationship
Explanation:
Q342)Whichstatementisnottheobjectiveofthefirm?
Marks:1.0
Id:45106
1)FirmsvalueMaximizationtoitsshareholders.
2)FirmsSizeMaximization
3)FirmsProfitMaximization
4)FirmsPriceMaximization
Explanation:
Q343)Forwhattypeofgooddoesdemandfallwithariseinincomelevelsofhousehold?
1)Inferiorgoods
2)Substitutes
3)Luxurious
4)Necessities
Explanation:
Marks:1.0
Id:44931
Q344)WhatisMR?
Marks:1.0
Id:38800
1)MR=TRnTRn1.
2)MR=TR/TQ.
3)MR=TR/TC.
4)MR=TR/AC.
Explanation:
Q345)Whydofirmsengageinpricediscrimination?
1)Todifferentiatemarketsegments
2)Togainmonopolisticpower
3)Keepconsumersdemandlow
4)Tomakegreaterprofits
Explanation:
Marks:1.0
Id:45278
Q346)Businesseconomicsisalsoknownas_x000D__x000D_
1)ManagerialEconomics
2)Economicsforexecutives
3)Economicanalysisforbusinessdecisions
4)Alloftheabove
Marks:1.0
Id:45283
Explanation:
Q347)Utilityrefersto
Marks:1.0
Id:44854
1)Wantsatisfyingpowerofgoodsandservice
2)Ethicalconcept
3)Stockconcept
4)Utilization
Explanation:
Q348)GNPisequalto
Marks:1.0
Id:45078
1)GDP+Interest
2)Wages
3)GDP+Netfactorincomefromabroad
4)GDP+Netdepreciation
Explanation:
Q349)Equilibriumrefersto
Marks:1.0
Id:44856
1)Optimumsituation
2)Absenceofchangeinmovement
3)Demandisequaltosupply
4)Allofthese
Explanation:
Q350)Materialwelfaredefinitionofeconomicsstatedby
1)JBSay
2)Robbins
3)Marshall
4)Pigou
Explanation:
Marks:1.0
Id:44820
Q351)NationalincomewaskeptsomewherebetweenG.N.P.andN.N.P.by:
1)Pigou
2)Marshall
3)Keynes
4)AdamSmith
Marks:1.0
Id:45123
Explanation:
Q352)Incasethemarginalcostofproductioniszero,themonopolistwouldproduceatthe
pointwherepriceelasticity
1)Unity
2)Zero
3)Positive
4)Negative
Explanation:
Marks:1.0
Id:45256
Q353)Whichofthefollowingisnotincorrect?
1)Accountingprofitistheexcessofaccounting
incomeoveraccountingexpenses.
Marks:1.0
Id:38776
2)Accountingcostisalsoknownasexplicitcost.
3)Economicprofit=TotalRevenueEconomic
cost.
4)Allofthese
Explanation:
Q354)Afirmhasavariablecostofrs.1000at5unitsofoutput.IffixedcostisRs.400,what
Marks:1.0
willbetheaveragetotalcostat5unitsofoutput?
1)Rs.240
2)Rs.120
3)Rs.280
4)Rs.60
Id:44964
Explanation:
Q355)SocialisteconomistlikeKarlMarxconsiderprofitas
1)Unearnedsurplus
2)Exploitationoflabour
3)Bothaandb
4)Uncertaintybearing
Explanation:
Marks:1.0
Id:44851
Q356)Ineconomics,afirmissaidtobemaking_______whentotalrevenuesequaltotal
costs.
1)AnAccountingProfit
2)ANormalProfit
3)AnEconomicProfit
4)AnAbnormalprofit
Marks:1.0
Id:45096
Explanation:
Q357)Theprincipalreasonbehindeconomicproblemsis
1)Limitedwants
2)Limitedorscarcemeans
3)Unlimitedresources
4)Stableenvironment
Explanation:
Marks:1.0
Id:45056
Q358)Ifaconsumptionofaproductremainsunaffectedbythechangeinpriceofthe
product,demandfortheproductis:
1)Kinked
2)Perfectlyelastic
3)Perfectlyinelastic
4)Unitaryelastic
Marks:1.0
Id:45182
Explanation:
Q359)Whichamongthefollowingisnotaneconomicproblem?
1)Whattoproduce
2)Howtoproduce
Marks:1.0
Id:38743
3)Whytoproduce
4)Relationbetweenmotherandchild
Explanation:
Q360)Underwhichofthefollowingformsofmarketstructuredoesafirmhavenocontrol
overthepriceofitsproduct?
1)Monopoly
2)Perfectcompetition
3)Monopolisticcompetition
4)Oligopoly
Explanation:
Marks:1.0
Id:44972
Q361)Ifthedemandfortheproductisindependentofthedemandforothergoods,itis
calledis
1)Deriveddemand
2)Autonomousdemand
3)Industrydemand
4)Companydemand
Marks:1.0
Id:44922
Explanation:
Q362)ThewordeconomycomesfromtheGreekwordfor
1)Environment.
2)Onewhoparticipatesinamarket
3)Onewhomanagesahousehold
4)Conservation
Explanation:
Marks:1.0
Id:45141
Q363)Afirminlongrunequilibriumundermonopolisticcompetitionmakesonly
1)Normalprofits
2)Supernormalprofits
3)Loss
4)Alloftheabove
Marks:1.0
Id:44988
Explanation:
Q364)Inmonopoly,marginalrevenueis:
Marks:1.0
Id:45187
1)Alwaysequaltoprice
2)Lowerthanpriceforallunitsotherthanthe
3)Lessthanpriceatalllevelsofoutputand
4)Alwaysgreaterthanprice
greaterthanpriceathighlevelsofoutput
first
Explanation:
Q365)FullEmploymentassumptionisgenerallymadein:
1)MicroEconomics
2)MacroEconomics
3)Employmenttheory
4)Noneoftheabove
Marks:1.0
Id:45110
Explanation:
Q366)Ineconomicsthecentralproblemis:
Marks:1.0
Id:45036
1)Money
2)Scarcity
3)Allocation
4)Production
Explanation:
Q367)Accordingtolawofdemand,thereisrelationshipbetweenpriceand
quantitydemandedofthegoods.
1)Inverse
2)Direct
3)Legal
4)Negative
Explanation:
Marks:1.0
Id:44889
Q368)Microeconomicsisalsoknownas________:
Marks:1.0
Id:45019
1)Producttheory
2)Pricetheory
3)Processtheory
4)Projectiontheory
Explanation:
Q369)aneconomistsaysthatfirmpracticespricediscrimination,thatfirmis:
Marks:1.0
Id:45275
1)Exploitingthepoor
2)Chargingdifferentpricesforthesamegoodor
3)Makinggreateffortstokeepitscostsaslowas
4)Producingtwoproducts,onewithdecreasing
possible
service
returnstoscaleandtheotherwithincreasing
returns
Explanation:
Q370)Pricecontrolisoneofthemonopolyregulationswhichismostadvantageousfor
1)Theproducer
2)Theconsumer
3)Thegovernment
4)Theseller
Marks:1.0
Id:44985
Explanation:
Q371)Perfectcompetitivemarketfirmachievesequilibriumwhen
Marks:1.0
Id:38793
1)Demand=Supply
2)AR=MR
3)MR=MC
4)AR=MC
Explanation:
Q372)Supplyrefersto
Marks:1.0
Id:44945
1)Whatfirmssell
2)Whatfirmsofferforsale
3)Stockmaintainedbyseller
4)Sellingofagoodsataprofit
Explanation:
Q373).equalsrevenueminusallexplicitcosts.
1)Accountingprofit
2)Economicprofit
3)Normalprofit
4)Loss
Marks:1.0
Id:45061
Explanation:
Q374)46.EconomicProfit=TotalRevenue(___________________________________)
1)ExplicitCost
2)ImplicitCost
3)ExplicitCost+ImplicitCost
4)ExplicitCostImplicitCost
Explanation:
Marks:1.0
Id:38749
Q375)_______economicsdealswiththedeterminationofnationalincomeandoutput:
1)Micro
2)Price
3)Macro
4)Individual
Marks:1.0
Id:45042
Explanation:
Q376)Whohaswrittenitisnotfromthebenevolenceofthebutcher,thebrewerorthe
bakerthatweexpectourdinner,butfromtheirregardtotheirownselfinterest?
1)AdamSmith
2)Marshall
3)Malthus
4)MiltonFriedman
Marks:1.0
Id:38760
Explanation:
Q377)Grossprofitequals
Marks:1.0
Id:45088
1)COGS
2)SalesRevenueminuscostofgoodssold
3)SalesRevenueonly
4)SalesRevenueplusProfit
Explanation:
Q378)WhenthepriceofcommodityXrises,thequantitydemandedofitssubstitutegoodY
Marks:1.0
keepingthepriceofYconstant.
Id:45167
1)Rises.
2)Falls
3)Doesnotchange
4)Eitherrisesorfalls
Explanation:
Q379)Theconditionofequilibriuminafirmis
Marks:1.0
Id:45269
1)MR=MC
2)MR=AC
3)MR=AR
4)MC=AC
Explanation:
Q380)Therewouldbenoneedtostudyeconomicsif:
Marks:1.0
Id:45021
1)therewerenogovernmentcontrolson
2)peoplewerefreetodowhatevertheywanted
3)therewereenoughresourcestoproduceall
4)Governmentcontrolstheeconomy.
people'sactions.
thegoodsandservicespeoplewouldliketo
obtain.
withtheirlives.
Explanation:
Q381)Thepriceelasticityofdemandmeasures:
Marks:1.0
Id:45274
1)theslopeofabudgetcurve.
2)theresponsivenessofthequantitydemanded
3)howoftenthepriceofagoodchanges.
4)howsensitivethequantitydemandedisto
tochangesinprice.
changesindemand.
Explanation:
Q382)ThePerfectlyCompetitivefirmsdemandcurvecoincideswith:
1)itsaveragerevenuecurveandtotalrevenue
curve.
Marks:1.0
Id:45179
2)bothitsmarginalandaveragerevenuecurve.
3)itsaveragerevenuecurveandtotalrevenue
curve.
4)bothitsmarginalandtotalrevenuecurve
Explanation:
Q383)Productdifferentiationisthefeatureof
Marks:1.0
Id:38797
1)Perfectcompetition
2)Monopoly
3)Monopolisticcompetition
4)Oligopoly
Explanation:
Q384)Thebasicreasonwestudyeconomicsisbecausematerialwantsandneedsare:
1)Limitedandsoareresources.
2)Unlimitedbutresourcesarenot.
3)Limitedbutresourcesarenot.
4)Unlimitedandsoareresources.
Explanation:
Marks:1.0
Id:45044
Q385)Whichisthefirstorderconditionfortheprofitofafirmtobemaximum?
1)AC=MR
2)MC=MR
3)MR=AR
4)AC=AR
Marks:1.0
Id:44970
Explanation:
Q386)AdamSmithinvisiblehandsstandsfor
1)Twooppositemarketforcesofdemandand
supply
Marks:1.0
Id:38753
2)Onlydemand
3)Onlysupply
4)ProductionandDistribution
Explanation:
Q387)WhichOfTheFollowingIs/AreFalse?
Marks:1.0
Id:45129
1)WithGoodMonsoonsPeoplesPurchasing
2)ALowRateofInterestIsMustforEconomic
3)RateOfSavingIsImportantForGrowth.
4)AandB
PowerDecreases
Explanation:
Development
Q388)Whichofthefollowingisthereasonofleftwardshipofdemandcurve?
Marks:1.0
Id:44898
1)Riseinthepriceofsubstitute
2)Changeintasteinfavourofthiscommodity
3)Riseinpriceofcomplementary
4)Riseintheincomeoftheconsumer
Explanation:
Q389)Demandforelectricitypoweriselasticbecause
1)Duetoitshighpriceperunit
2)Itisessentialforlife
3)Ithasmanyuses
4)Ithasmanysubstitutes
Explanation:
Marks:1.0
Id:44940
Q390)Marginalutilityanalysisassumesthatthemarginalutilityofmoney:
1)RemainsConstant
2)Variesaccordingtoconsumerbehaviour
3)Variesaccordingtopricefluctuations
4)DependontheInflation
Marks:1.0
Id:45113
Explanation:
Q391)Macroeconomicsisthestudyof____________________
1)Individualbuildingblocksintheeconomy
Marks:1.0
Id:45132
2)Therelationshipbetweendifferentsectorsof
theeconomy
3)Householdpurchasedecisions
4)Theeconomyasawhole
Explanation:
Q392)Itemsofjointconsumptionwillhave______crosselasticity
1)Positive
2)Negative
3)Zero
4)None
Explanation:
Marks:1.0
Id:45250
Q393)Elasticityofdemandisdefinedastheresponsivenessofthequantitydemandedofa
goodto
1)Changeinthepriceofthegoods
2)Changeintheincome
3)Changeinoneofthevariableonwhich
4)Changeinthepopulation
demanddepends
Marks:1.0
Id:44902
Explanation:
Q394)costisalsoknownasimputedcost.
Marks:1.0
Id:45290
1)Opportunity
2)Marginal
3)Total
4)Historical
Explanation:
Q395)Lawofdemanddependsupon
Marks:1.0
Id:45267
1)Inverserelationshipbetweenprice&quantity
2)Positiverelationshipbetweenprice&quantity.
3)Both
4)None
Explanation:
Q396)Whichofthefollowinginvolvesthestudyoftheoveralleconomyofacountry?
1)Nanoeconomics
2)Macroeconomics
3)Microeconomics
4)Neoeconomics
Marks:1.0
Id:45043
Explanation:
Q397)AccordingtoAdamSmithstheoryoftheinvisiblehand,businesseswillproduce
theproductsconsumersmostdesirebecause
1)thiswillmaximizeconsumersatisfaction.
2)thegovernmentrequiresthemtodoso.
3)thiswillmaximizebusinessprofits.
4)thiswillmaximizesocietyswelfare.
Marks:1.0
Id:45025
Explanation:
Q398)Deductive,Analytical,Abstractmethodisusedby:
Marks:1.0
Id:45118
1)ClassicalSchool
2)NeoClassicalSchool
3)ModernSchool
4)AncientSchool
Explanation:
Q399)Itiscalledas.if_x000D_
Itexplainstheworkingoftheeconomicsystemasawhole_x000D_
Itsknowledgeisindispensableforthepolicymakers_x000D_
Itisveryusefultotheplannerforpreparingeconomicplans_x000D_
Itishelpfulininternationalcomparison_x000D__x000D_
1)Microeconomics
2)Macroeconomics
3)Indianeconomics
4)Internationaleconomics
Explanation:
Marks:1.0
Id:45102
Q400)IfthepriceofPepsirise,demandofcococola
Marks:1.0
Id:44942
1)Increase
2)Decrease
3)Rise
4)Fall
Explanation:
Q401)Whichofthefollowingisthemostaccuratestatementabouteconomicmodels?
1)Economicmodelsattempttomirrorreality
exactly.
Marks:1.0
Id:45143
2)Economicmodelsareuseful,butshouldnot
beusedforpolicymaking.
3)Economicmodelscannotbeusedinthereal
worldbecausetheyomitdetails.
4)Economicmodelsomitmanydetailstoallow
ustoseewhatistrulyimportant.
Explanation:
Q402)Productdifferentiationisacommonfeaturein.
1)Perfectcompetition.
2)Monopolisticcompetition.
3)Oligopoly.
4)Monopoly.
Explanation:
Marks:1.0
Id:45264
Q403)Microeconomicsisthe
Marks:1.0
Id:45058
1)Studyofthegeneraloutput
2)Studyofgeneralemployment
3)Studyofemploymentinaparticularfirm
4)Studyofnationalincome
Explanation:
Q404)Productionpossibilitycurveis
Marks:1.0
Id:44875
1)Concavetotheorigin
2)Convextotheorigin
3)Straightlinewhenopportunitycostisconstant
4)Bothaandc
Explanation:
Q405)Ifaproducthasmoresubstitutes,demandishighly.
1)Elastic.
2)Inelastic.
3)Relativelymoreelastic.
4)Relativelylesselastic.
Marks:1.0
Id:45222
Explanation:
Q406)Fromsociety'spointofviewtheeconomicfunctionofprofitsandlossesisto:
1)Promotetheequaldistributionofrealassets
2)Reallocateresourcesfromlessdesiredto
3)Achievefullemploymentandpricelevel
4)Contributetoamoreequaldistributionof
andwealth
stability
moredesireduses
income
Marks:1.0
Id:45147
Explanation:
Q407)Withafallinanagriculturalcropduetobadmonsoons,thesupplyelasticityof
agriculturalgoodswill.
1)Fall.
2)Rise.
3)Change.
4)Notchange.
Marks:1.0
Id:45223
Explanation:
Q408)Accountingprofit=totalrevenue
Marks:1.0
Id:44853
1)Economiccost
2)Implicitcost
3)Explicitcost
4)Marginalcost
Explanation:
Q409)Supplycurveslope
Marks:1.0
Id:44947
1)Downwardfromlefttoright
2)Upwardfromlefttoright
3)Downwardfromrighttoleft
4)Upwardfromrighttoleft
Explanation:
Q410)ManagerialeconomicisaFundamentalacademicsubjectwhichseeksto
understandandtoanalysetheproblemsofbusinessdecisiontakingthedefinition
isgivenby
1)SavageandSmall
2)Adamsmith
3)D.C.Hayue
4)RichardMeriam
Marks:1.0
Id:45085
Explanation:
Q411)Whichofthefollowingisanexampleofaresourceconstraint?
1)Pollutioncontrollaws
2)Inadequatedemand
3)Excessiveproductioncosts
4)Inadequatefinancialcapital
Explanation:
Marks:1.0
Id:45158
Q412)Whichofthefollowingisnotcorrect?
Marks:1.0
Id:44943
1)Ifproportionofincomespentongoods
2)Ifproportionofincomespentongoods
3)Ifproportionincomespentonagoodincrease
4)Ifproportionincomespentonagoodincrease
remainssameasanincomeisincrease,then
incomeelasticityisone
asanincomeincrease,thenincomeelasticity
islessthanone
Explanation:
remainssameasanincomeisdecrease,then
incomeelasticityisone
asanincomeincrease,thenincomeelasticity
isgreaterthanone
Q413)WhichisNOTthefunctionofManagerialEconomist?
Marks:1.0
Id:45104
1)Controllingthemacroeconomyonly
2)Involvedwithmacroandmicroeconomyboth
3)Demandestimationandforecasting
4)Directingeconomicresearchactivity
Explanation:
Q414)Producers'totalrevenuewilldecreaseif:
Marks:1.0
Id:45199
1)thepricerisesanddemandisinelastic.
2)incomeincreasesandthegoodisanormal
3)thepricerisesanddemandiselastic.
4)incomefallsandthegoodisaninferiorgood.
Explanation:
good.
Q415)TheswitchtotheuseofHFCSfromsugarinsoftdrinkswaspromptedinlargepart
byitsrelativelylowerprice.Assumingacompetitivemarket,whateffectwouldthis
changehaveontheequilibriumpriceandoutputforsoftdrinks?
1)pricerises,outputfalls
2)pricefalls,outputrises
3)pricerises,outputrises
4)pricefalls,outputfalls
Marks:1.0
Id:38803
Explanation:
Q416)AdamSmithstheoryoftheinvisiblehandassumesthat
1)businesseswillvoluntaryreducenegative
externalitiesgeneratedbytheproductionof
theirproducts
Marks:1.0
Id:45028
2)consumersareconcernedaboutmaximizing
thewelfareoftheirfellowconsumers.
3)selfinterestedproducersselltheirproductsto
selfinterestedconsumers.
4)governmentresearchisnecessarytoinform
businesseswhatconsumersmostwant.
Explanation:
Q417)TheLatinphraseCeteriusParibusmeans:
Marks:1.0
Id:45018
1)Everythingelsechangesimultaneously
2)Everythingelsebeingequal
3)Fewfactorschangeatsamefrequency
4)Allfactorschangeatsamefrequency
Explanation:
Q418)Thepriceelasticityofdemandisanegativenumberthismeans:
Marks:1.0
Id:45230
1)Demandispriceelastic
2)Demandispriceinelastic
3)Thedemandcurveisdownwardsloping
4)Anincreaseinincomewillreducethequantity
demanded
Explanation:
Q419)Ifdemandispriceinelastic:
Marks:1.0
Id:45231
1)Anincreaseinpricemustraiseprofits
2)Anincreaseinpricedecreasesrevenue
3)Anincreaseinpriceincreasesrevenue
4)Adecreaseinpricereducessales
Explanation:
Q420)Tomaximizevalue,managementmust:
Marks:1.0
Id:45160
1)Maximizeshortrunrevenue
2)Minimizeshortrunaverageprofit
3)Maximizelongrunprofit
4)Maximizeshortrunprofit
Explanation:
Q421)Aselfinterestcanbewellunderstoodas
1)Actinginthewaythatismostpersonally
beneficial
Marks:1.0
Id:38755
2)Actinginthewaythatismostbeneficialtothe
society
3)Actinginthewaythatismostbeneficialtothe
family
4)Actinginthewaythatismostbeneficialtothe
firm
Explanation:
Q422)Ifthepriceofcoffeefallthedemandforteawill..
1)Rise
2)Fall
3)decrease
4)constant
Explanation:
Marks:1.0
Id:44892
Q423)TheLawofDemandstatesthatwhenthepriceofacommodityfallsthequantity
demandedkeepingallotherfactorsconstant._x000D_
1)Rises._x000D_
2)Falls
3)Isconstant._x000D_
4)Willremainconstant._x000D_
Marks:1.0
Id:45220
Explanation:
Q424)Multiplantmonopolistisanillustrationof
Marks:1.0
Id:45189
1)Pricediscriminationoffirstdegree
2)Pricediscriminationofseconddegree
3)Pricediscriminationofthirddegree
4)Naturalmonopoly
Explanation:
Q425)Whichofthefollowingisshutdownpoint
Marks:1.0
Id:45004
1)AR>AC
2)AR>AVC
3)AR<AVC
4)AR>FC
Explanation:
Q426)CeterisParibusistheLatinexpressionfor
1)Astatementaboutthewaytheeconomicworld
oughttobe
Marks:1.0
Id:45034
2)Anexpressionthatmeans"otherthingsbeing
equal."
3)The(false)statementthatwhatistrueofthe
partsistrueofthewholeorwhatistrueofthe
wholeistrueoftheparts.
4)Theerrorofreasoningthatafirsteventcauses
asecondeventbecausethefirstevent
occurredbeforethesecondevent.
Explanation:
Q427)Tocuretheproblemofexternalities,suchaspollution,economistsrecommendthat
government
Marks:1.0
Id:45029
1)regulatepolluters
2)pursuesapolicyoflaissezfaire,"handsoff"
3)determinemandatorylimitscontrollingthe
4)usethemarketmechanismtocontrol
amountofpollutionwhichbusinessesmay
generate.
Explanation:
businesses.
undesirableexternalities.
Q428)Demandofcommodityrefersto
Marks:1.0
Id:44886
1)Desireforthecommodity
2)Needforthecommodity
3)Quantitydemandedforthatcommodity
4)Quantityofthecommoditydemandedata
certainpriceduringanyparticularperiodof
time.
Explanation:
Q429)Incaseofincreaseindemand,thedemandcurve
1)Shiftsbackwards.
2)Shiftsforward.
3)Willhaveupwardslope.
4)Willbehorizontal.
Marks:1.0
Id:38773
Explanation:
Q430)Accordingtoprofitmaximizationtheoryofthefirm,managementdecides
1)Outputlevelwhichmaximizesrevenue
2)Outputlevelwhichminimizescost
3)Outputlevelwhichmaximizesdifference
4)Outputlevelwhichminimizesrevenue
betweenthetwo
Marks:1.0
Id:45064
Explanation:
Q431)Thetheoryofmonopolisticcompetitionisdevelopedby
Marks:1.0
Id:44986
1)EHChamberlin
2)Robinson
3)Adamsmith
4)Marshall
Explanation:
Q432)Themoderntheoryofthefirmholdsthatfirmsbehaveinawaythatisdesignedto
maximize
1)Profit
2)Thevalueofthefirm
3)Monopolypower
4)Totalrevenue
Explanation:
Marks:1.0
Id:45154
Q433)TheClassicaltheoryofinternationaltradeispropoundedby:
1)Adamsmith
2)Robbinson
3)Pigou
4)Marx
Marks:1.0
Id:45128
Explanation:
Q434)Changeindemandrepresents
Marks:1.0
Id:44899
1)Shiftofdemandcurvetoleftorright
2)Shiftofdemandcurvetoleft
3)Shiftofdemandcurvetoright
4)Expansionandcontraction
Explanation:
Q435)Inaperfectlycompetitivemarket______________.
Marks:1.0
Id:45263
1)Therearelargenumberofbuyersandasmall
2)Therearealargenumberofsellersandsmall
3)Thereareasmallnumberofsellersand
4)Therearealargenumberofbuyersand
numberofsellers.
buyers.
numberofbuyers.
sellers.
Explanation:
Q436)Whenthedecreaseinthepriceofonegoodcausesthedemandforanothergoodto
decrease,thegoodsare:
1)normal.
2)inferior
Marks:1.0
Id:45254
3)Substitute
4)Complimentary
Explanation:
Q437)Iftherearemanyfirmsinanindustryproducinggoodsthataresimilarbutslightly
different,thisisanexampleof:
1)Perfectcompetition.
2)Monopolisticcompetition.
3)Oligopoly
4)Monopoly
Explanation:
Marks:1.0
Id:45233
Q438)Thetendencyformanagerstooperateafirminawaythatmaximizestheirpersonal
utilityratherthanthefirmsprofitsisreferredtoasthe
1)Consumerutilityincentive
2)Principalagentproblem
3)Hiddenagendascenario
4)ModiglianiHypothesis
Marks:1.0
Id:45155
Explanation:
Q439)Withafallinagriculturalsubsidy,thepriceofagriculturalgoodswillandthe
quantitysuppliedwillalsokeepingallothervariablesconstant.
1)Increase
2)Decrease.
3)Willnotincrease.
4)Willnotdecrease.
Explanation:
Marks:1.0
Id:45224
Q440)IfAveragerevenue=Rs.10andAveragecost=Rs.7,then
1)FirmgetNormalProfit
2)FirmgetabnormalProfit
3)FirmfaceLoss
4)Breakevenpoint
Marks:1.0
Id:38770
Explanation:
Q441)Thetotaldemandforgoodsandservicesinaneconomyisknownas:
1)aggregatedemand
2)grossnationalproduct
3)economywidedemand.
4)nationaldemand
Marks:1.0
Id:45248
Explanation:
Q442)Salesrevenueafterdeductingallexpenses,includingtaxes
1)EarningsAfterTax
2)NetProfitbeforeTax
3)EarningsbeforeTax
4)GrossProfitAfterTax
Marks:1.0
Id:45092
Explanation:
Q443)Negativecrosselasticitybetweenanytwocommoditiesimpliesthattheyare:
Marks:1.0
Id:45253
1)Complements
2)Substitutes
3)Inferiorgoods
4)Luxuries
Explanation:
Q444)Ifelectricitydemandisinelastic,andelectricitychargeincrease,whichofthe
followingislikelytooccur?
Marks:1.0
Id:44925
1)Quantitydemandedwillfallbyarelatively
2)Quantitydemandedwillriseintheshortrun
3)Nochangeinquantitydemanded
4)Nochangeinquantitydemanded
largeamount
Explanation:
butfallinlongrun
Q445)Whenconsumptionandinvestmentspendingtogetherisgreaterthanfull
employmentGNPlevel,itcreates
1)DeficitFinancing
Marks:1.0
Id:45121
2)DeflationaryGAP
3)InflationaryGAP
Explanation:
Q446)Withafallinapriceofacommodity
Marks:1.0
Id:44924
1)Consumersrealincomeincrease
2)Consumersrealincomedecrease
3)Nochangerealincome
4)Noneofthese
Explanation:
Q447)Thetotalrevenuecurveforaperfectlycompetitivefirm
1)isaverticallineintersectingthehorizontal
axis
Marks:1.0
Id:45257
2)isahorizontallineatthemarketprice
3)startspartwayuptheverticalaxis,sloping
upwardinabackwardsScurve
4)isastraightlinestartingfromtheoriginand
slopingupward
Explanation:
Q448)GoodsandServicesboughtandsoldin:
Marks:1.0
Id:45049
1)ProductMarket
2)FactorMarket
3)CapitalMarket
4)MoneyMarket
Explanation:
Q449)Valuemaximizationmeans
Marks:1.0
Id:44850
1)Profitmaximization
2)Salesmaximization
3)Wealthmaximization
4)Costminimization
Explanation:
Q450)Thedemandofwhichtypeofgoodsdonotdecreasewithincreaseinitsprice
1)Comforts
2)Luxury
3)Necessities
4)Capitalgoods
Marks:1.0
Id:44935
Explanation:
Q451)Derivativeuseinthe..Methodofpriceelasticity.
1)Point
2)Outlay
3)Arc
4)Output
Explanation:
Marks:1.0
Id:44909
Q452)Demandforecastingismadeforthe
Marks:1.0
Id:38774
1)Fortheexistingproductsonly.
2)Newproductsonly.
3)Forboththeexistingproducts&forthenew
4)Forthesubstitutesonly.
products.
Explanation:
Q453)Firmisanorganizationthatproducesandsellsgoodswiththegoalofmaximizingits
profits
1)Miller
2)Adamsmith
Marks:1.0
Id:44849
3)Landsbury
4)Marshall
Explanation:
Q454)Salesopinionsurveymethodisalsoknownas
1)Samplesurvey
2)Expertspinionmethod
3)Testmarketing
4)Reactionsurvey
Explanation:
Marks:1.0
Id:44927
Q455)BrandLoyaltyusuallymakesthedemandcurveforaproduct:
1)Morepriceelastic
2)Lesspriceelastic
3)Unitaryelastic
4)Moreincomeelastic
Marks:1.0
Id:45195
Explanation:
Q456)Toaccountants,itisasingleperiodmetrictodeterminethevaluecreatedbya
companyinoneperiodusuallyayear
1)GrossProfit
2)EconomicProfit
3)NetProfit
4)NormaProfit
Explanation:
Marks:1.0
Id:45094
Q457)Ifelasticityisgreaterthanone,thenMRis
Marks:1.0
Id:45009
1)Positive
2)Zero
3)Negative
4)Negative
Explanation:
Q458)Inflationis:
1)adecreaseintheoveralllevelofeconomic
activity
Marks:1.0
Id:45249
2)adecreaseintheoverallpricelevel
3)anincreaseintheoverallpricelevel
4)anincreaseintheoveralllevelofeconomic
activity
Explanation:
Q459)costisalsoknownasexplicitcost.
Marks:1.0
Id:45291
1)Opportunity
2)Accounting
3)Outlay
4)Sunk
Explanation:
Q460)Whatisthegoaloftheories?
Marks:1.0
Id:45150
1)Toprovideaninteresting,butnotuseful,
2)Tohelpscientistsunderstandhowtheworld
3)Todemonstratethatthedeveloperofthe
4)Toprovokestimulatingdebateinscientic
frameworkofanalysis
theoryiscapableoflogicalthinking
works
journals
Explanation:
Q461)ThecrosselasticityofthetwocomplementarygoodsXandYis.
1)Positive.
2)Negative.
3)Direct.
4)Indirect.
Explanation:
Marks:1.0
Id:45174
Q462)IfthepriceofPepsidecreasesrelativetothepriceofcokeand7up,thedemandfor
1)Cokewilldecrease
2)7upwilldecrease
3)Cokeand7upwillincrease
4)Cokeand7upwilldecrease
Marks:1.0
Id:44893
Explanation:
Q463)EconomicAnalysisforBusinessDecisionsisintegrationof:
1)Technology,Economicsandphysicalscience
Marks:1.0
Id:45071
2)Economics,decisionscienceandbusiness
management
3)Knowledgeandprinciples
4)Controlandconflicts
Explanation:
Q464)Ofthefollowingcommoditieswhichhasthelowestelasticityofdemand
1)Car
2)Salt
3)Tea
4)House
Explanation:
Marks:1.0
Id:38785
Q465)Whenasaresultofincreaseinpriceofagood,thetotalexpendituremadeonthe
goodfalls,wesaythatpriceelasticityofdemandis
1)Greaterthanone
2)Lessthanone
3)Equaltounity
4)zero
Marks:1.0
Id:44913
Explanation:
Q466)Whenanindividualspendsrelativelylessproportionofhis/hertotalincomeona
particularcommodityorservice,itselasticityofdemandiselastic.
1)More.
2)Less.
3)Relativelymore.
4)Relativelyless.
Explanation:
Marks:1.0
Id:45172
Q467)Businessprofitisequaltotalrevenueminus
Marks:1.0
Id:45157
1)Economiccosts
2)Explicitcosts
3)Implicitcosts
4)Managerialcosts
Explanation:
Q468)Amarketeconomybasedonsupplyanddemandwithlittleornogovernmentcontrol
isknownas
Marks:1.0
Id:45015
1)Freeeconomy
2)Noeconomy
3)Restrictedeconomy
4)Onlyeconomy
Explanation:
Q469)Itiscalledas______________if_x000D_ItexplainsPriceDetermination_x000D_It
explainsAllocationofResources_x000D_IthasDirectRelevanceinBusiness
DecisionMaking_x000D_ItservesasaBasisforPrediction
1)Microeconomics
2)Macroeconomics
3)Indianeconomics
4)Industrialeconomics
Explanation:
Marks:1.0
Id:45100
Q470)Economicsisdefinedas:
Marks:1.0
Id:45040
1)Thestudyofbusiness
2)Thestudyofhowsocietymanagesitsscarce
3)Thestudyofcentralplanning
4)Thestudyofgovernmentregulation
resources
Explanation:
Q471)Macroeconomicsexamines:
1)pricing,profitmaximization,andutility
maximization.
Marks:1.0
Id:45072
2)employment,output,andinflation.
3)thebehaviorofindividualhouseholds,
businesses,andgovernmentunits.
4)firm,Industryandsector
Explanation:
Q472)OneofthebasicassumptionsunderlyingAdamSmith'stheoryoftheInvisibleHand
isthat
1)governmentattemptstomaximizepower.
2)governmentplanningisnecessaryto
3)businessesandhouseholdsareconcerned
4)householdsareunselfish.Theyattemptto
abouttheirownselfinterest.
Explanation:
Marks:1.0
Id:45027
maximizeeconomicgrowth.
maximizethewellbeingoftheirfellowcitizens.
Q473)Totalrevenueismaximumwhen_x000D_
Marks:1.0
Id:45281
1)Marginalrevenueispositive_x000D__x000D_
2)Marginalrevenueisnegative
3)Marginalrevenueiszero
4)Noneoftheabove
Explanation:
Q474)Economicsdealsprimarilywiththeconceptof:
1)Poverty
2)Change
3)Scarcity
4)Power
Explanation:
Marks:1.0
Id:45067
Q475)Whoisthepresidentofplanningcommission?
1)Primeminister
2)President
3)Governor
4)Financeminister
Marks:1.0
Id:44880
Explanation:
Q476)Amarketsituationwheretherearefewsellersfortheproductiscalled:
1)Purecompetition
2)Oligopoly.
3)Monopolistic
4)Monosony.
Marks:1.0
Id:45238
Explanation:
Q477)Thepriceofbeverageincreaseby22%andthequantitydemandedofitfallsby25%.
Thisindicatesthatdemandforbeverageis
1)Elastic
2)Inelastic
3)Unitaryelastic
4)Perfectlyelastic
Marks:1.0
Id:44911
Explanation:
Q478)Microeconomicsdealswithwhichofthefollowing?
Marks:1.0
Id:45140
1)Thetotaloutputofaneconomy
2)Themeasurementofanation'sinflationrate
3)Howproducersandconsumersinteractin
4)Howtaxpoliciesinfluenceeconomicgrowth
individualmarkets
Explanation:
Q479)ThecrosselasticityofthetwosubstitutegoodsXandYis.
1)Positive.
2)Negative.
3)Direct.
4)Indirect.
Explanation:
Marks:1.0
Id:45173
Q480)Elasticitybetweentwopointscalculatein
Marks:1.0
Id:44934
1)Crosselasticity
2)Arcelasticity
3)Pointelasticity
4)Outlaymethod
Explanation:
Q481)Movementalongthesamedemandcurveshows
1)Expansionofdemand
2)Contractionofdemand
3)Increaseordecreaseindemand
4)Expansionandcontractionindemand
Explanation:
Marks:1.0
Id:44930
Q482)WhenthepriceofcommodityXrises,thequantitydemandedofitscomplementary
goodYkeepingthepriceofYconstant.
1)Rises.
2)Falls
3)Doesnotchange
4)Eitherrisesorfalls
Marks:1.0
Id:45168
Explanation:
Q483)Goodswhichhasanegativeincomeelasticitycalledas
1)Inferiorgoods
2)Inferiorgoods
Marks:1.0
Id:44919
3)Complementarygoods
4)Substitutegoods
Explanation:
Q484)Capitalgoodsarethosegoods
Marks:1.0
Id:44855
1)Whichareconsumedbyconsumer
2)Thathelpinfurtherproduction
3)Thatcanbeconsumednumberoftimes
4)Thatsatisfyhumanwants
Explanation:
Q485)ToAdamSmith,the"invisiblehand"refersto
Marks:1.0
Id:45046
1)thegovernment
2)hisfaithinpeople'sbasichumankindnessto
3)thegenerosityofbusinessesinacapitalist
4)thefreemarket.
system.
theirfellowman.
Explanation:
Q486)Whichofthisisanoncompetitivemarket?
Marks:1.0
Id:45245
1)Oligopoly
2)Perfectcompetition
3)Monopoly
4)Monopolistic
Explanation:
Q487)isthepredecessorofWTO.
Marks:1.0
Id:45059
1)GAAT
2)IMF
3)IBRD
4)NoneofThese
Explanation:
Q488)ManagerialEconomicshasawidescopein
Marks:1.0
Id:45076
1)ValueEngineering
2)ValueEngineeringManagement
3)ValueManagement
4)ProfitManagement
Explanation:
Q489)Whichofthefollowingsentenceiscorrect?
Marks:1.0
Id:44948
1)Contractionofsupplymeansupward
2)Expansionofsupplymeansdownward
3)Increaseinsupplymeansrightwardshiftof
4)Expansionofsupplymeansupwardmovement
movementofsupplycurve
demandcurve
Explanation:
movementofsupplycurve
ofsupplycurve
Q490)Microeconomicisalsoknownas
Marks:1.0
Id:44858
1)Incometheory
2)Profittheory
3)Pricetheory
4)Costtheory
Explanation:
Q491)Thecircularflowofgoodsandincomesshowstherelationshipbetween:
1)wagesandsalaries.
2)firmsandhouseholds
3)goodsandservices.
4)incomeandmoney.
Explanation:
Marks:1.0
Id:45047
Q492)Thefirmcanachieveequilibriumwhenits
Marks:1.0
Id:45193
1)MC=MR
2)MC=AC
3)ME=AC
4)MR=AR
Explanation:
Q493)Thefoundationstonesfromwhicheconomicmodelsarebuiltare
1)Economicpolicies.
2)Thelegalsystem.
3)Assumptions.
4)Statisticalforecasts
Explanation:
Marks:1.0
Id:45149
Q494)Uniformpriceisthefeatureof
Marks:1.0
Id:44981
1)Perfectcompetition
2)Monopolisticcompetition
3)Monopoly
4)Duopoly
Explanation:
Q495)Thereisrelationshipbetweenpriceandquantitysuppliedofthegoods.
1)Direct
2)Inverse
Marks:1.0
Id:44946
3)Constant
4)Fixed
Explanation:
Q496)Whatisequilibriumpriceandquantityinthefollowingcase?
1)15,40
2)35,20
3)25,50
4)Noneofthese
Explanation:
Marks:1.0
Id:44951
Q497)Marginalrevenueisequalto
1)Thechangeinpricedividedbychangein
output
Marks:1.0
Id:44957
2)Changeinquantitydividedbychangeinprice
3)ThechangeinP*Qduetooneunitchangein
output
4)Averagepriceofthegoods
Explanation:
Q498)Thefirmissaidtobeinequilibriumwhen
Marks:1.0
Id:44966
1)Itmaximizesitsprofit
2)Demandisequaltosupply
3)Itminimizesitslosses
4)Demandisatitshighestpoint
Explanation:
Q499)Whichmethodofdemandforecasting,firmstakesallhouseholdsintoconsideration?
1)Completeenumerationsurveymethod
2)Salesforceopeningmethod
3)Delphicmethod
4)Samplesurveymethod
Marks:1.0
Id:38777
Explanation:
Q500)Acartelismostlikelytooccurin
1)Perfectcompetitionasfirmscompeteby
reducingcost
Marks:1.0
Id:45276
2)Monopolisticcompetitionwherefirmscollude
toincreaseprofits
3)Monopolybecauseitfacesnocompetition
4)Oligopolyasfirmsacttogethertoraiseprices
andincreaseprofits
Explanation:
Q501)Forthefreemarkettoyieldoptimalresultsfortheproductionandconsumptionof
goodX,damSmithassumedallofthefollowingwouldhavetoexist,exceptpossibly
one.Thesingleexceptionis
1)competitionexistsintheproductionofgoodX.
2)successfulgovernmentplanningisableto
3)noexternalitiesexistintheproductionor
4)consumersovereigntyexists.
consumptionofgoodX.
Explanation:
informbusinesseshowmuchofgoodX
consumersdemand.
Marks:1.0
Id:45030
Q502)Freedomofchoiceisthefeatureof
Marks:1.0
Id:44840
1)Capitalisteconomy
2)Socialisticeconomy
3)Mixedeconomy
4)Planningeconomy
Explanation:
Q503)TheDefinitionthatEconomicsisconcernedwithanenquiryintothenatureand
causesofwealthofnationsisgivenby:
1)CarlMarx
2)AdamSmith
3)J.E.Cairens
4)Keynes
Marks:1.0
Id:45114
Explanation:
Q504)AmovementalongthesamedemandcurveforSamsungmobileisbestdescribedas
1)Anincreaseindemand
2)Adecreaseindemand
3)Achangeinquantitydemanded
4)Achangeindemand
Marks:1.0
Id:44900
Explanation:
Q505)Theinvisiblehandconceptsuggeststhat:
Marks:1.0
Id:45144
1)Marketfailuresimplytheneedforanational
2)Bigbusinessesareinherentlymoreefficient
3)Thecompetitivenessofacapitalisticmarket
4)Assumingcompetition,privateandpublic
economicplan
economyinvariablydiminishesovertime
thansmallbusinesses
interestswillcoincide
Explanation:
Q506)Thepriceelasticityofdemandforaddictiveproductslikecigarettesandalcohol
wouldbe:
1)Infinity
2)Lessthan1
3)Greaterthan1
4)Zero
Explanation:
Marks:1.0
Id:45236
Q507)Factorthatwilldeterminewhetheradvertisingbymanufacturerwillleadtohigher
sales
1)Ifdemandiselastic
2)Ifdemandisinelastic
3)Theproductcanbedifferentiated
4)Theproductisbranded
Marks:1.0
Id:45011
Explanation:
Q508)Perfectlycompetitivefirmcansellalloutputitwantsto
Marks:1.0
Id:45192
1)Bycuttingdownsupplyofoutput
2)Byloweringthepriceitchargestoeach
3)Byloweringitscostsofproduction
4)Withoutloweringtheprice
additionalunitproduced
Explanation:
Q509)Indianrailwayistheexampleof
Marks:1.0
Id:45006
1)Monopoly
2)Oligopoly
3)Perfectcompetition
4)Duopoly
Explanation:
Q510)Iftheproportionofincomespentonagoodincreaseasaincomeincreases,thenthe
incomeelasticityforthatgoodis
1)Greaterthanone
2)Lessthanone
3)Greaterthanzero
4)Lessthanzero
Marks:1.0
Id:44917
Explanation:
Q511)ThequantitysuppliedofXandthepriceofXarerelated.
1)Positively.
2)Negatively.
3)Directly.
4)Indirectly.
Explanation:
Marks:1.0
Id:45201
Q512)Generallythedemandcurve
Marks:1.0
Id:44928
1)Aslopedownwardfromlefttoright
2)Aslopeupwardfromlefttoright
3)HasNegativeslope
4)Bothaandc
Explanation:
Q513)Underperfectcompetitionafirmcanproducewith
1)Anoptimumplant
2)Anoptimumoutput
Marks:1.0
Id:44993
3)Maximumprofit
4)Identicalproductatlowcost
Explanation:
Q514)Amarketcanaccuratelybedescribedas
Marks:1.0
Id:45137
1)Aplacetobuythings
2)Aplacetosellthings
3)Theprocessbywhichpricesadjustto
4)Aplacewherebuyersandsellersmeet
reconciletheallocationofresources
Explanation:
Q515)Opportunitycostis
Marks:1.0
Id:45083
1)acostthatcannotbeavoided,regardlessof
2)thatwhichweforgo,orgiveup,whenwemake
3)thecostincurredinthepastbeforewemakea
4)theadditionalbenefitofbuyinganadditional
whatisdoneinthefuture
decisionaboutwhattodointhefuture.
achoiceoradecision
unitofaproduct
Explanation:
Q516)Increaseinconsumersincomeleadsinthedemandforinferiorgoodsto
1)increase
2)decrease
3)remainsconstant
4)noneoftheabove
Explanation:
Marks:1.0
Id:45271
Q517)Theassumptionsthattherearealargenumberofsellersandproducthomogeneity,
inperfectcompetitionitimpliesthatallindividualfirmsare_________:
1)Pricemovers
2)PriceTakers
3)Pricegivers
4)Priceoffers
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Id:45240
Explanation:
Q518)Economicprofitequals:
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Id:45163
1)Normalprofitplusopportunitycosts
2)Businessprofitminusimplicitcosts
3)Businessprofitsplusimplicitcosts
4)Normalprofitsminusopportunitycosts
Explanation:
Q519)Tostudyanindividualconsumersbehaviour,weneed:
1)MicroEconomics
2)MacroEconomics
3)MicroandMacroBoth
4)Consumerbehaviourscience
Marks:1.0
Id:45109
Explanation:
Q520)Pricediscriminationmeans
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Id:45007
1)Chargedifferentpricefromdifferentbuyerfor
2)Chargedifferentpricefromdifferentbuyerfor
3)Chargedifferentpricefromdifferentsellerfor
4)Chargesamepricefromdifferentbuyerfor
differentproduct
sameproduct
sameproduct
sameproduct
Explanation:
Q521)Amarketstructureinwhichmanyfirmssellproductsthataresimilarbutnotidentical
isknownas
1)Monopoly
2)Monopolisticcompetition
3)Perfectcompetition
4)Oligopoly
Explanation:
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Id:44975
Q522)Principalagentproblemreflectsdifferencesintheobjectives
1)OwnerandManager_x000D_b)d)
2)Managerandemployees
3)Ownerandboardofdirectors
4)Employeesandcustomers_x000D_
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Id:45286
Explanation:
Q523)Amovementalongthedemandcurvetotheleftmaybecausedby:
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Id:38748
1)afallinthenumberofsubstitutegoods.
2)ariseinthepriceofinputs.
3)adecreaseinsupply.
4)ariseinincome.
Explanation:
Q524)Invisiblehandtheoryisgivenby
Marks:1.0
Id:44845
1)Samuelson
2)Adamsmith
3)Marshall
4)Pigou
Explanation:
Q525)Whichofthefollowingisnotthefactorwhichdeterminethedemand
1)Levelofincome
2)Price
3)Supply
4)Fashion
Marks:1.0
Id:44888
Explanation:
Q526)Itisatheoreticalmeasureanddenotesthe"right"levelofprofitabusinesscan
achieve
1)OptimumProfit
2)EconomicProfit
3)EconomicRent
4)AccountingProfit
Explanation:
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Id:45095
Q527)Expansionandcontractionoccursdueto
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Id:44896
1)Changeinthepriceofgoodsconcerned
2)Changeinthelevelofincomeofpeople
3)Changeinthepopulation
4)Changeinpriceofsubstitutegoods
Explanation:
Q528)WhichofthefollowingcurveisneverUshaped?
1)Marginalcost
2)Averagevariablecost
3)Averagetotalcost
4)Averagefixedcost
Marks:1.0
Id:44962
Explanation:
Q529)ThequantitydemandedofXandthepriceofXarerelated.
1)Positively.
2)Negatively.
3)Directly
4)Indirectly
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Id:45219
Explanation:
Q530)Allofthefollowingaredeterminantsofdemandexcept:
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Id:45241
1)Price
2)Supply
3)Tastes
4)Priceofothergoods
Explanation:
Q531)Costisalsoknownasimputedcost.
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Id:44842
1)Opportunity
2)Marginal
3)Total
4)Historical
Explanation:
Q532)BasedontheLawofdemand,quantitydemandedis_________relatedtoprice:
1)Directly
2)Positively
3)Inversely
4)Actually
Marks:1.0
Id:45208
Explanation:
Q533)Incomeelasticityforluxuriousgoodsis
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Id:44918
1)Lessthanzero
2)Greaterthanzero
3)Lessthanone
4)Greaterthanone
Explanation:
Q534)Whenweanalysetheproblemsofeconomyasawholeitisastudyof:
1)MicroEconomics
2)MacroEconomics
3)MicroandMacroboth
4)Noneofthese
Marks:1.0
Id:45108
Explanation:
Q535)ItisalsoknownasPrescriptiveEconomics
1)PositiveEconomics
Marks:1.0
Id:45033
2)Microeconomics
3)Normativeeconomics
4)Economics
Explanation:
Q536)Theopportunitycostofagoodis
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Id:45136
1)Thetimelostinfindingit
2)Thequantityofothergoodssacrificedtoget
3)Theexpenditureonthegood
4)Thelossofinterestinusingsavings
Explanation:
anotherunitofthatgood
Q537)Ifthedemandcurveshiftfromlefttorightthenitiscalledas
1)Increaseindemand
2)Decreaseindemand
3)Expansionindemand
4)Contractionindemand
Marks:1.0
Id:44897
Explanation:
Q538)FirstconditionofequilibriumisMC=MRandsecondconditionisshould
cutfrom.
1)MCcurve,MRcurve,above
2)MCcurve,MRcurve,below
3)MRcurve,MCcurve,below
4)MRcurve,MCcurve,above
Explanation:
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Id:45005
Q539)Basicprice
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Id:45087
1)Isthevaluationoftheproductofthefirm
2)Isthedeterminationofcostofproductofthe
3)Isthedeterminationofthecompaniesprice
4)Isacostprice
level
Explanation:
firm