Discussion
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- Question
In perfect competition a firm maximizes profit by _____.
Options- A. setting price such that price is equal to or greater than its marginal costs
- B. setting output such that price equals average total costs
- C. setting output such that price equals marginal costs
- D. setting price so that it is greater than marginal cost
- Correct Answer
- setting output such that price equals marginal costs
- 1. 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
- 2. 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
- 3. 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
- 4. 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
- 5. 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
- 6. Match the characteristics with their market structure: (a) Differentiated products, but close substitutes for consumers so their demand curves are elastic (b) Homogeneous product, all goods are perfect substitutes for consumers
Options- A. (a) Monopolistic Competition, (b) Pure Competition
- B. (a) Monopolistic Competition, (b) Pure Monopoly
- C. (a) Pure Monopoly, (b) Pure Competition
- D. (a) Pure Monopoly, (b) Pure Competition Discuss
- 7. Identify the Indian state which has the lowest sex ratio
Options- A. Haryana
- B. Punjab
- C. Uttar Pradesh
- D. Arunachal Pradesh Discuss
- 8. Net National product of a country is
Options- A. GDP minus depreciation allowances
- B. GDP plus net income from abroad
- C. GNP minus net income from abroad
- D. GNP minus depreciation allowances Discuss
- 9. Should the parents inIndia in future be forced to opt for one child against the 2 or many at present? Yes.This the only way to check the ver increasin population of India No.This type of pressure tactic is not adopted by any other country in the world
Options- A. Only 1 is true
- B. Only 2 is true
- C. Either 1 or 2 is true
- D. Neither 1 nor 2 is true Discuss
- 10. The money which Government of India spends on the development of infrastructure in country comes from which of the following sources? I. Loan from world Bank/ADB etc II. Taxes collected from the people III. Loan from RBI
Options- A. only I
- B. only II
- C. only III
- D. All I,II and III Discuss
Indian Economy problems
Search Results
Correct Answer: Higher rate of inflation
Correct Answer: Rs. 21600
Correct Answer: Microeconomics
Correct Answer: Price
Correct Answer: Real
Correct Answer: (a) Monopolistic Competition, (b) Pure Competition
Correct Answer: Haryana
Correct Answer: GNP minus depreciation allowances
Correct Answer: Only 1 is true
Explanation:
Clearly adoptindg such a policy help to regulate the population gowth,which inturn will facilitate the proper growth of economy and optimum utilization of country resources.
Correct Answer: All I,II and III
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