Discussion
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- Question
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
- Correct Answer
- (a) Oligopoly, (b) Pure Monopoly
- 1. "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
- 2. 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
- 3. 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
- 4. Goods whose demand is proportional to price are called
Options- A. inferior goods
- B. Veblen goods
- C. normal goods
- D. exclusive goods Discuss
- 5. 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 Discuss
- 6. The short run average cost curve is ____ shaped.
Options- A. U
- B. V
- C. X
- D. W Discuss
- 7. In December 2017, Mid-Term Review of the Foreign Trade Policy (FTP) was released. The review announced how much percent increase each in incentive rates of Merchandise Exports from India Scheme and Services Export from India Scheme?
Options- A. 5%
- B. 10%
- C. 2%
- D. 15% Discuss
- 8. Market imperfections of a country are reflected in___________.
Options- A. price rigidity
- B. factor immobility
- C. lack of specialization
- D. All options are correct Discuss
- 9. SEBI is ___________.
Options- A. Constitutional body
- B. advisory body
- C. statutory body
- D. non-statutory body Discuss
- 10. What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?
Options- A. 6.10%
- B. 7.10%
- C. 8.10%
- D. 6.70% Discuss
Indian Economy problems
Search Results
Correct Answer: Concurrent
Correct Answer: below
Correct Answer: self-sufficient village system
Correct Answer: Veblen goods
Correct Answer: 24000 units
Correct Answer: U
Correct Answer: 2%
Correct Answer: All options are correct
Correct Answer: statutory body
Correct Answer: 7.10%
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