Discussion
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- Question
The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.
Options- A. Rs 5000 worth of consumer surplus
- B. Rs 8000 worth of consumer surplus
- C. Rs 5000 worth of producer surplus
- D. Rs 8000 worth of producer surplus
- Correct Answer
- Rs 5000 worth of producer surplus
- 1. Micro economics deals with
Options- A. the circular flow of income
- B. the decision making of a single economic variable like demand
- C. understanding unemployment
- D. economic growth Discuss
- 2. If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?
Options- A. 9000 units
- B. 4500 units
- C. 10500 units
- D. 6000 units Discuss
- 3. A price floor is _____.
Options- A. a maximum legal price
- B. a minimum legal price
- C. the price where demand equals supply
- D. the price where elasticity of demand equals elasticity of supply Discuss
- 4. In 2015, the real rate of interest in a country was 6% and the inflation rate then was 3%. So the nominal rate of interest in 2015 was
Options- A. 3%
- B. 6%
- C. 9%
- D. 12% Discuss
- 5. Name the first Indian to get Nobel prize in economics.
Options- A. Amartya Sen
- B. C V Raman
- C. Mihir Sen
- D. Arun Shourie Discuss
- 6. __________________ is a good whose quantity demanded decreases when consumer income rises.
Options- A. Veblen good
- B. normal good
- C. exclusive good
- D. inferior good Discuss
- 7. If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is 3.2 findmP1?
Options- A. Rs 85
- B. Rs 80
- C. C)
- D. Rs 95 Discuss
- 8. Which latitude passes through the middle of India?
Options- A. Equator
- B. Arctic Circle
- C. Tropic of Capricorn
- D. Tropic of Cancer Discuss
- 9. The tropic of cancer does not pass through which of these Indian states ?
Options- A. Madhya Pradesh
- B. West Bengal
- C. Rajasthan
- D. Odisha Discuss
- 10. Which of the following is a Trans- Himalayan river?
Options- A. Ganga
- B. Yamuna
- C. Indus
- D. Ravi Discuss
- Trans Himalayan Rivers :
- Himalayan Rivers :
Indian Economy problems
Search Results
Correct Answer: the decision making of a single economic variable like demand
Correct Answer: 6000 units
Correct Answer: a minimum legal price
Correct Answer: 9%
Correct Answer: Amartya Sen
Correct Answer: inferior good
Correct Answer: Rs 80
Correct Answer: Tropic of Cancer
Correct Answer: Odisha
Correct Answer: Indus
Explanation:
Two sub groups of Himalayan Rivers are Trans Himalayan Rivers and Himalayan Rivers.
These rivers originate beyond the Himalayas. They are The Indus, The Sutlej and The Brahmaputra Rivers.
These are the rivers originate from Himalayas. They are The Ganga, The Yamuna and their tributaries.
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