Discussion
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- Question
__________ 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
- Correct Answer
- Law of diminishing marginal product
- 1. Credit Rationing in India is done by
Options- A. RBI
- B. SBI
- C. LIC
- D. Finance Ministry Discuss
- 2. 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 Discuss
- 3. 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
- 4. 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
- 5. 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
- 6. 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
- 7. 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
- 8. 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
- 9. If the breakeven quantity for a factory whose variable cost of manufacturing a cell is Rs. 15 and selling price is Rs. 24 is 2,400 units, find the fixed cost of the factory?
Options- A. Rs. 21600
- B. Rs. 36000
- C. Rs. 57600
- D. Rs. 14400 Discuss
- 10. An increase in the growth rate of the nominal money supply results in
Options- A. Lower rate of inflation
- B. Higher rate of inflation
- C. Lower interest rates
- D. Currency appreciation Discuss
Indian Economy problems
Search Results
Correct Answer: RBI
Correct Answer: Inferior goods
Correct Answer: medium and small-scale industries
Correct Answer: Excess Supply
Correct Answer: Rs. 7200
Correct Answer: Real
Correct Answer: Price
Correct Answer: Microeconomics
Correct Answer: Rs. 21600
Correct Answer: Higher rate of inflation
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