Discussion
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- Question
Goods for which demand move in the opposite direction of the income of the consumer are called?
Options- A. Inferior goods
- B. Normal goods
- C. Complementary goods
- D. Substitute goods
- Correct Answer
- Inferior goods
- 1. The State Financial Corporations have given assistance mainly to develop___________.
Options- A. agriculture farms
- B. cottage industries
- C. medium and small-scale industries
- D. large scale industries Discuss
- 2. If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.
Options- A. Equilibrium
- B. Excess Demand
- C. Excess Supply
- D. Marginal Revenue Discuss
- 3. If for a perfectly competitive firm, price is Rs. 60, output is 300 units, average variable costs are Rs. 18, and average total costs are Rs. 36. The firm's profits are equal to
Options- A. Rs. 5400
- B. Rs. 3600
- C. Rs. 7200
- D. Rs. 1800 Discuss
- 4. The second Green Revolution aims at increasing agricultural output to promote
Options- A. Availability of easy credit to big farmers
- B. Co-operative farming
- C. Inclusive growth
- D. Development of rural sector Discuss
- 5. Which of the following is the correct description of the term sex-ratio as used in the context of the census of population?
Options- A. Number of males per 1000 females.
- B. Number of females per 1000 males.
- C. Number of females per 100 males.
- D. Number of females in a sample of 1000 persons. Discuss
- 6. Credit Rationing in India is done by
Options- A. RBI
- B. SBI
- C. LIC
- D. Finance Ministry Discuss
- 7. __________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.
Options- A. Law of diminishing marginal product
- B. Law of variable proportions
- C. The Short Run
- D. The Long Run Discuss
- 8. The __________ exchange rate is the relative price of foreign goods in terms of domestic goods.
Options- A. Artificial
- B. Nominal
- C. Fixed
- D. Real Discuss
- 9. In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.
Options- A. Supply
- B. Demand
- C. Price
- D. Stock Market Discuss
- 10. The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?
Options- A. Macroeconomics
- B. Econometrics
- C. Microeconomics
- D. Heterodox Economics Discuss
Indian Economy problems
Search Results
Correct Answer: medium and small-scale industries
Correct Answer: Excess Supply
Correct Answer: Rs. 7200
Correct Answer: Inclusive growth
Correct Answer: Number of females per 1000 males.
Correct Answer: RBI
Correct Answer: Law of diminishing marginal product
Correct Answer: Real
Correct Answer: Price
Correct Answer: Microeconomics
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