Question: Which one of the following cost can never become zero? A. Average cost B. Fixed cost C. Marginal cost D. Variable cost Answer» b. Fixed cost Note: The above multiple-choice question is for all general and Competitive Exams in…
Question: Total Outlay Method of measuring Elasticity of Demand was introduced by _________ A. Stanley Jevons B. Alfred Marshall C. Adam Smith D. J.R. Hicks Answer» b. Alfred Marshall Note: The above multiple-choice question is for all general and Competitive…
Question: Production creates __________ utility. A. Place B. Time C. Form D. possession Answer» c. Form Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: _______ means absence of competition. A. Monopoly B. Perfect C. Imperfect D. Oligopoly Answer» a. Monopoly Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: ________ defined economics as a science which deals with wealth. A. J.B. Say B. A.C.Pigou C. Alfred Marshall D. Lionel Robbins Answer» a. J.B. Say Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: __________ cost remains constant even if production is stopped. A. Fixed B. Variable C. Semi-Variable D. Marginal Answer» a. Fixed Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: When the price of a complementary product falls, the demand for the other product will ___ A. Fall B. Increase C. remain stable D. drop by 25 per cent Answer» b. Increase Note: The above multiple-choice question is for…
Question: Which factor of production is considered as a produced means of production? A. Land B. Labour C. Capital D. Organisation Answer» c. Capital Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: Commercial banks provide collateral loans against A. Government Security B. Shares C. Bills of Exchange D. Commercial Paper Answer» a. Government Security Note: The above multiple-choice question is for all general and Competitive Exams in India.
Question: Which one of the following is the apex bank for agricultural credit in India? A. RBI B. IDBI C. SIDBI D. NABARD Answer» d. NABARD Note: The above multiple-choice question is for all general and Competitive Exams in India.