» Micro Economics 1 solved MCQs

If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:

Byadmin May 7, 2021

Question:

If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:

Greater than one

Equal to one

Smaller than one

Zero

Answer» c. Smaller than one

Note:

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

» Micro Economics 1 solved MCQs

Which policy is effective in the intermediate range?

Question:

Which policy is effective in the intermediate range?

A.
Monetary policy
B.
Fiscal policy
C.
Both policies
D.
None of these
Answer» c. Both policies

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

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Commercial papers were introduced in:

Question:

Commercial papers were introduced in:

A.
1989
B.
1982
C.
1985
D.
1990
Answer» d. 1990

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

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» Quantitative Methods for Economic Analysis 2 solved MCQs

Recurrent variations in time series that usually last longer than a year is known as ……………

Question:

Recurrent variations in time series that usually last longer than a year is known as ……………

A.
seasonal variation
B.
secular trend
C.
irregular variation
D.
cyclical variation
Answer» d. cyclical variation

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

Read More Recurrent variations in time series that usually last longer than a year is known as ……………
» Mathematical Economics solved MCQs

In input-output analysis,____ shows the number of units of any industry’s output needed toproduce one unit of another industry’s output.

Question:

In input-output analysis,____ shows the number of units of any industry’s output needed toproduce one unit of another industry’s output.

A.
the transaction matrix
B.
The technical coefficients
C.
non negativity constrains
D.
the
Answer» b. The technical coefficients

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

Read More In input-output analysis,____ shows the number of units of any industry’s output needed toproduce one unit of another industry’s output.
» Micro economics 2 solved MCQs

A market is clearly NOT perfectly competitive if which of the following is true inequilibrium

Question:

A market is clearly NOT perfectly competitive if which of the following is true inequilibrium

A.
price exceeds marginal cost.
B.
price exceeds average variable cost.
C.
price exceeds average fixed cost.
D.
price equals opportunity cost
Answer» a. price exceeds marginal cost.

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

Read More A market is clearly NOT perfectly competitive if which of the following is true inequilibrium
» Micro economics 2 solved MCQs

In the market period, market supply curve is

Question:

In the market period, market supply curve is

A.
Perfectly elastic
B.
Perfectly inelastic
C.
Elastic
D.
Inelastic
Answer» b. Perfectly inelastic

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

Read More In the market period, market supply curve is

If the percentage increase in the quantity demanded of a commodity is smaller than the percentage fall in its price, the coefficient of price elasticity:

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