Discussion
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- Question
If demand curve for house cleaning services is D = 45000 - 21P and supply curve is S = 15000 + 9P, find the equilibrium Quantity?
Options- A. 12000 units
- B. 6000 units
- C. 24000 units
- D. 30000 units
- Correct Answer
- 24000 units
- 1. India was able to achieve the fiscal deficit target for the Financial Year 2016-17. It was how much percent of GDP?
Options- A. 3.50%
- B. 4.20%
- C. 3.00%
- D. 2.50% Discuss
- 2. In which of the following types of economy are the factors of production owned individually?
Options- A. Capitalist
- B. Socialist
- C. Mixed
- D. Both Capitalist and Socialist Discuss
- 3. The average product curve are inverse ____ shaped.
Options- A. X
- B. W
- C. V
- D. U Discuss
- 4. In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.
Options- A. Monopsony
- B. Monopoly
- C. Oligopoly
- D. Monopolistic Competition Discuss
- 5. Which tax causes a burden on the poorer section of the society?
Options- A. Direct Tax
- B. Indirect Tax
- C. Both Direct and Indirect Tax
- D. None of these Discuss
- 6. Goods whose demand is proportional to price are called
Options- A. inferior goods
- B. Veblen goods
- C. normal goods
- D. exclusive goods Discuss
- 7. The modern economy is NOT characterized by ___________.
Options- A. self-sufficient village system
- B. development of money economy
- C. capital intensive mode of production
- D. production for market Discuss
- 8. Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.
Options- A. top
- B. below
- C. right
- D. left Discuss
- 9. "Forests" is listed in the __________ list given in the Seventh Schedule in the Constitution of India.
Options- A. Union
- B. State
- C. Global
- D. Concurrent Discuss
- 10. Match the characteristics with their market structure: (a) Firm has control over quantity of output but it must take into account reactions of competitors. b) Firm will tend to set output so that it earns maximum profits.
Options- A. (a) Oligopoly, (b) Pure competition
- B. (a) Monopolistic competition, (b) Oligopoly
- C. (a) Pure Monopoly, (b) Pure competition
- D. (a) Oligopoly, (b) Pure Monopoly Discuss
Indian Economy problems
Search Results
Correct Answer: 3.50%
Correct Answer: Capitalist
Correct Answer: U
Correct Answer: Monopolistic Competition
Correct Answer: Indirect Tax
Correct Answer: Veblen goods
Correct Answer: self-sufficient village system
Correct Answer: below
Correct Answer: Concurrent
Correct Answer: (a) Oligopoly, (b) Pure Monopoly
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