Discussion
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- Question
The closest example of a centrally planned economy is the __________ for the major part of the 20th Century.
Options- A. USA
- B. India
- C. Soviet Union
- D. Japan
- Correct Answer
- Soviet Union
- 1. "The General Equilibrium Analysis" was developed by
Options- A. Marshall
- B. Ricardo
- C. Walras
- D. Adam Smith Discuss
- 2. _______ is issued when the court finds that a particular office holder is not doing legal duty and thereby is infringing on the right of an individual.
Options- A. Habeas Corpus
- B. Mandamus
- C. Prohibition
- D. Quo Warranto Discuss
- 3. The demand for a inferior good increases with ________ in the consumer's income.
Options- A. increase
- B. decrease
- C. constant
- D. double Discuss
- 4. Which of the following is done at a Stock Exchange ?
Options- A. Commodities are bought and sold at wholesale price
- B. Commodities are bought and sold at retail price
- C. Securities are bought and sold
- D. None of these Discuss
- 5. What is an octroi ?
Options- A. Tax
- B. Tax collection centre
- C. Tax processing centre
- D. Tax information centre Discuss
- 6. ____________ is the relationship between the variable input and output, keeping all other inputs are held constant.
Options- A. Total product
- B. Average product
- C. Isoquant
- D. The Long Run Discuss
- 7. From which of the following, is the GDP of a country not derived from?
Options- A. Agricultural sector
- B. Industrial sector
- C. International sector
- D. Service sector Discuss
- 8. The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.
Options- A. Artificial
- B. Nominal
- C. Fixed
- D. Real Discuss
- 9. __________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.
Options- A. Marginal product
- B. Production function
- C. Total product
- D. Average product Discuss
- 10. 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
Indian Economy problems
Search Results
Correct Answer: Walras
Correct Answer: Mandamus
Correct Answer: decrease
Correct Answer: Securities are bought and sold
Correct Answer: Tax
Correct Answer: Total product
Correct Answer: International sector
Correct Answer: Nominal
Correct Answer: Marginal product
Correct Answer: Capitalist
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