Factors of production may be of _______ types.
Question: Factors of production may be of _______ types. A. 4 B. 3 C. 2 D. 5 Answer» a. 4 Note: The above multiple-choice question is for all general and Competitive Exams in India.
» Fundamentals of Economics solved MCQs
When excess demand occurs in an unregulated market, there is a tendency for:
Question: When excess demand occurs in an unregulated market, there is a tendency for: A. price to rise B. quantity supplied to decrease C. quantity demanded to increase D. price to fall Answer» a. price to rise Note: The above…
Total input is maximum when _____________
Question: Total input is maximum when _____________ A. MP = 0 B. MP is increasing C. MP is decreasing D. MP is constant Answer» a. MP = 0 Note: The above multiple-choice question is for all general and Competitive Exams…
Income minus Savings is equal to ___________
Question: Income minus Savings is equal to ___________ A. Consumption B. Production C. Investment 11 D. Demand Answer» a. Consumption Note: The above multiple-choice question is for all general and Competitive Exams in India.
The average _________ and output have inverse functional relationship.
Question: The average _________ and output have inverse functional relationship. A. fixed cost B. variable cost C. marginal cost D. total cost Answer» a. fixed cost Note: The above multiple-choice question is for all general and Competitive Exams in India.
The rate at which the commercial banks borrow from the RBI is called as __________
Question: The rate at which the commercial banks borrow from the RBI is called as __________ A. REPO B. PLR C. BPLR D. Bank Rate Answer» d. Bank Rate Note: The above multiple-choice question is for all general and Competitive…
Which of the first order condition for the profit of a firm be maximum?
Question: Which of the first order condition for the profit of a firm be maximum? A. AC = MR B. MC = MR C. MR = AR D. AC = AR Answer» b. MC = MR Note: The above multiple-choice…
As output increases, AFC of a firm
Question: As output increases, AFC of a firm A. Increases B. remains constant C. continuously declines D. initially increases, afterwards declines Answer» c. continuously declines Note: The above multiple-choice question is for all general and Competitive Exams in India.
Cash Balance Approach was given by
Question: Cash Balance Approach was given by A. I. Fisher B. J. M. Keynes C. G. Crowther D. Cambridge University Professors Answer» d. Cambridge University Professors Note: The above multiple-choice question is for all general and Competitive Exams in India.
The Growth definition of Economics was introduced by
Question: The Growth definition of Economics was introduced by A. J.M.Keynes and P.A. Samuelson B. Adam Smith C. Alfred Marshall D. Lionel Robbins Answer» a. J.M.Keynes and P.A. Samuelson Note: The above multiple-choice question is for all general and Competitive…