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» Fundamentals of Economics and Management solved MCQs

Total profit of a firm in a perfect competitive market is –

» Fundamentals of Economics and Management solved MCQs /
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 revenue less total cost

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

Total profit of a firm in a perfect competitive market is – Read More »

» Fundamentals of Economics and Management solved MCQs

…….. is the price at which demand for a commodity is equal to its supply

» Fundamentals of Economics and Management solved MCQs /
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 all general and Competitive Exams in India. 

…….. is the price at which demand for a commodity is equal to its supply Read More »

» Fundamentals of Economics and Management solved MCQs

Which of the following faces a downward sloping demand curve

» Fundamentals of Economics and Management solved MCQs /
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 for all general and Competitive Exams in India. 

Which of the following faces a downward sloping demand curve Read More »

» Fundamentals of Economics and Management solved MCQs

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

» Fundamentals of Economics and Management solved MCQs /
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

D.

`98000 Crore

Answer» b. `50,000 Crore

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

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 Read More »

» Fundamentals of Economics and Management solved MCQs

Manipulation in CRR enables the RBI to …….

» Fundamentals of Economics and Management solved MCQs /
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 above multiple-choice question is for all general and Competitive Exams in India. 

Manipulation in CRR enables the RBI to ……. Read More »

» Fundamentals of Economics and Management solved MCQs

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

» Fundamentals of Economics and Management solved MCQs /
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.

`750

C.

`600

D.

`400

Answer» b. `750

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

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 Read More »

» Fundamentals of Economics and Management solved MCQs

Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be…….

» Fundamentals of Economics and Management solved MCQs /
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 India. 

Given Real GDP of 6.5% and rate of inflation of 5.5% nominal GDP will be……. Read More »

» Fundamentals of Economics and Management solved MCQs