Question: Total profit of a firm in a perfect competitive market is – A. Total revenue less total cost B. Marginal revenue less marginal cost C. Total revenue less marginal cost D. Total revenue less variable cost Answer» a. Total…
Question: …….. is the price at which demand for a commodity is equal to its supply A. Normal price B. Equilibrium price C. Short run price D. Secular price Answer» b. Equilibrium price Note: The above multiple-choice question is for…
Question: Which of the following faces a downward sloping demand curve A. Firm in a competitive market B. Firm in a monopoly market C. Both D. None Answer» b. Firm in a monopoly market Note: The above multiple-choice question is…
Question: If in 2000 nominal GDP is = `70000 Crore and the prices in 2000 were 40% more than the real GDP in 2000 using 1996 as a base year is A. `45,000 Crore B. `50,000 Crore C. `42,000 Crore…
Question: Manipulation in CRR enables the RBI to ……. A. Influence the lending ability of the commercial banks B. Check unemployment growth C. Check poverty D. Increase GDP Answer» a. Influence the lending ability of the commercial banks Note: The…
Question: A read garment factory pays `100 for suit length and `5 for cotton thread purchased and `50 to thelabour for stitching the suit which he sells in the market for `750. His contribution to GDP is A. `595 B.…
Question: Which of the following is near money? A. Bill of exchange B. Saving bonds C. Gilt edged securities D. All the three Answer» d. All the three Note: The above multiple-choice question is for all general and Competitive Exams…
Question: Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. A. 12% B. 10% C. 10.5% D. 9.5% Answer» a. 12% Note: The above multiple-choice question is for all general and Competitive Exams in…
Question: CRR means A. Cash Reserve Ratio B. Current rate of return C. Cumulative rate of return D. Current rate of Rupee Answer» a. Cash Reserve Ratio Note: The above multiple-choice question is for all general and Competitive Exams in…
Question: Optional money is a A. Legal tender money B. Non-legal tender money C. Limited legal tender money D. Full bodied money Answer» b. Non-legal tender money Note: The above multiple-choice question is for all general and Competitive Exams in…