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- Question
The change in the optimal quantity of a good when its price changes and the consumer?s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?
Options- A. Law of demand
- B. Substitution effect
- C. Problem of choice
- D. Optimal choice
- Correct Answer
- Substitution effect
- 1. In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?
Options- A. 4.20%
- B. 3.20%
- C. 2.20%
- D. 4.00% Discuss
- 2. When the productive capacity of the economic system of state is inadequate to create sufficient number of jobs, it is called _______
Options- A. seasonal unemployment
- B. structural unemployment
- C. disguised unemployment
- D. cyclical unemployment Discuss
- 3. "Betting and gambling" 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
- 4. The short run marginal cost curve is ____ shaped.
Options- A. U
- B. V
- C. X
- D. W Discuss
- 5. If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.
Options- A. Perfect Competition
- B. Monopoly
- C. Oligopoly
- D. Monopolistic Competition Discuss
- 6. If demand curve for roller skates is D = 23000 - 19P and supply curve is S = 18000 + 6P, find the equilibrium Price?
Options- A. Rs 100
- B. Rs 400
- C. Rs 50
- D. Rs 200 Discuss
- 7. Match the characteristics with their market structure: (a) Expand out put until MC = MR (b) Elasticity of demand depends on pricing policies of rivals
Options- A. (a) Pure competition, (b) Pure Monopoly
- B. (a) Pure Monopoly, (b) Monopolistic competition
- C. (a) Pure competition, (b) Oligopoly
- D. (a) Monopolistic competition, (b) Oligopoly Discuss
- 8. Stagflation is a period of _______.
Options- A. Persistent high inflation combined with high unemployment
- B. Persistent high inflation combined with low unemployment
- C. Persistent low inflation combined with high unemployment
- D. Persistent low inflation combined with low unemployment Discuss
- 9. If price of an article decreases from Rs P1 to Rs 190, when quantity demanded increases from 5000 units to 5200 units, and if point elasticity of demand is -0.8 find P1?
Options- A. Rs 220
- B. Rs 240
- C. Rs 200
- D. Rs 250 Discuss
- 10. A beedi making workshop can hire 5 women by paying them Rs. 300 per day. The 6th woman demands Rs. 350 per day. If this woman is hired then all other women must be paid Rs. 350. The marginal resource (labour) cost of the 6th woman is
Options- A. Rs. 600
- B. Rs. 50
- C. Rs. 300
- D. Rs. 100 Discuss
Indian Economy problems
Search Results
Correct Answer: 3.20%
Correct Answer: cyclical unemployment
Correct Answer: State
Correct Answer: U
Correct Answer: Monopoly
Correct Answer: Rs 200
Correct Answer: (a) Monopolistic competition, (b) Oligopoly
Correct Answer: Persistent high inflation combined with high unemployment
Correct Answer: Rs 200
Correct Answer: Rs. 600
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