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» Fundamentals of Economics and Management solved MCQs

………….. is a situation in which it is not possible to make someone better off without making someone worse off

» Fundamentals of Economics and Management solved MCQs /
Question:

………….. is a situation in which it is not possible to make someone better off without making someone worse off

A.

Social efficiency

B.

Production efficiency

C.

Distribution efficiency

D.

Pareto efficiency

Answer» d. Pareto efficiency

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

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» Fundamentals of Economics and Management solved MCQs

In agricultural sector net value added is estimated by

» Fundamentals of Economics and Management solved MCQs /
Question:

In agricultural sector net value added is estimated by

A.

Income method

B.

Expenditure method

C.

Production method

D.

All the three

Answer» c. Production method

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

In agricultural sector net value added is estimated by Read More »

» Fundamentals of Economics and Management solved MCQs

For a monopoly firm market demand curve is

» Fundamentals of Economics and Management solved MCQs /
Question:

For a monopoly firm market demand curve is

A.

Marginal revenue curve itself

B.

Average Revenue curve itself

C.

Marginal cost curve

D.

None

Answer» b. Average Revenue curve itself

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

For a monopoly firm market demand curve is Read More »

» Fundamentals of Economics and Management solved MCQs

Which of the following is a central problem of every economy

» Fundamentals of Economics and Management solved MCQs /
Question:

Which of the following is a central problem of every economy

A.

Abundance of resources

B.

Scarcity of economic resources

C.

Poverty

D.

Moral and ethical values

Answer» b. Scarcity of economic resources

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

Which of the following is a central problem of every economy Read More »

» Fundamentals of Economics and Management solved MCQs

Which of these is not a part of GDP for the year 2006?

» Fundamentals of Economics and Management solved MCQs /
Question:

Which of these is not a part of GDP for the year 2006?

A.

Earning of an International fashion show organized in Delhi

B.

Sale of ticket for Republic day parade.

C.

Fee of a practicing Chartered Accountant

D.

A house built in 2000 and first sold in 2006

Answer» d. A house built in 2000 and first sold in 2006

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

Which of these is not a part of GDP for the year 2006? Read More »

» Fundamentals of Economics and Management solved MCQs

GDP can be defined as sum of the market value of the………..

» Fundamentals of Economics and Management solved MCQs /
Question:

GDP can be defined as sum of the market value of the………..

A.

Final manufactured goods and services

B.

Intermediate goods

C.

Goods and services exported

D.

Sub-standard goods and discarded services

Answer» a. Final manufactured goods and services

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

GDP can be defined as sum of the market value of the……….. Read More »

» Fundamentals of Economics and Management solved MCQs