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April 2021

In which market structure, price and output solution is indeterminate?

Question:

In which market structure, price and output solution is indeterminate?

A.

Oligopoly

B.

Monopolistic competition

C.

Perfect competition

D.

Monopoly

Answer» a. Oligopoly

Note: The above multiple-choice question is for all general and Competitive Exams in India

In which market structure, price and output solution is indeterminate? Read More »

» Micro economics 2 solved MCQs

If the short-run average variable costs of production for a firm are rising, then this indicates that:

Question:

If the short-run average variable costs of production for a firm are rising, then this indicates that:

A.

Average total costs are at a maximum.

B.

Average fixed costs are constant.

C.

Marginal costs are above average variable costs.

D.

Average variable costs are below average fixed costs.

Answer» c. Marginal costs are above average variable costs.

Note: The above multiple-choice question is for all general and Competitive Exams in India

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» Micro Economics 1 solved MCQs

In Unformulated Initiative , Initiative is ………

Question:

In Unformulated Initiative , Initiative is ………

A.

in the form of proper law

B.

taken by the legislature

C.

taken by the executive

D.

in the form of a general demand

Answer» d. in the form of a general demand

Note: The above multiple-choice question is for all general and Competitive Exams in India

In Unformulated Initiative , Initiative is ……… Read More »

» Political Ideas, Concepts and Ideologies solved MCQs

Who said that “ justice isthe bond which holdssociety together “.

Question:

Who said that “ justice isthe bond which holdssociety together “.

A.

green

B.

hegel

C.

plato

D.

rousseau

Answer» c. plato

Note: The above multiple-choice question is for all general and Competitive Exams in India

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» Political Ideas, Concepts and Ideologies solved MCQs

is a term referring to an intellectual controversy over epistemology, researchmethodology between Carl Menger, and Gustav von Schmoller.

Question:

is a term referring to an intellectual controversy over epistemology, researchmethodology between Carl Menger, and Gustav von Schmoller.

A.

methodenstreit

B.

laissez-faire

C.

cetris paribus

D.

quid proquo

Answer» a. methodenstreit

Note: The above multiple-choice question is for all general and Competitive Exams in India

is a term referring to an intellectual controversy over epistemology, researchmethodology between Carl Menger, and Gustav von Schmoller. Read More »

» Macro Economics 1 solved MCQs

Input- output analysis of David Easton , the inputs stand for …………………

Question:

Input- output analysis of David Easton , the inputs stand for …………………

A.

the politicalsystem

B.

the environment

C.

demandsand supports

D.

the feedback

Answer» c. demandsand supports

Note: The above multiple-choice question is for all general and Competitive Exams in India

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» Political Ideas, Concepts and Ideologies solved MCQs

Which aspect of taxation involves normative economics?

Question:

Which aspect of taxation involves normative economics?

A.

The incidence of the tax

B.

The fairness of the tax

C.

The effect of the tax on incentives to work

D.

All of the above

Answer» b. The fairness of the tax

Note: The above multiple-choice question is for all general and Competitive Exams in India

Which aspect of taxation involves normative economics? Read More »

» Micro Economics 1 solved MCQs