Bachelor of Arts in Economics (BA Economics)

Which of the following statement is not correct ?Fishers’ index :

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Question:

Which of the following statement is not correct ?Fishers’ index :

A.

lies between laspeyres’ (l) & paasches’ index

B.

is the arithmetic mean of l & p

C.

is the geometric mean of l & p

D.

is equal to l or p if l = p

Answer» b. is the arithmetic mean of l & p

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

Which of the following terms best describes data that were originally collected at anearlier time by a different person for a different purpose

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Question:

Which of the following terms best describes data that were originally collected at anearlier time by a different person for a different purpose

A.

primary data

B.

secondary data

C.

experimental data

D.

field notes

Answer» b. secondary data

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

If a firm sells its output on a market that is characterized by few sellers and many buyersand limited long-run resource mobility, then the firm is

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Question:

If a firm sells its output on a market that is characterized by few sellers and many buyersand limited long-run resource mobility, then the firm is

A.

a monopolist

B.

an oligopolist

C.

a perfect competitor

D.

a monopolistic competitor

Answer» b. an oligopolist

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

In linear programming, the number of technical constraints will be ___the number of thefactors of production:

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Question:

In linear programming, the number of technical constraints will be ___the number of thefactors of production:

A.

equal to

B.

smaller than

C.

greater than

D.

the same as

Answer» d. the same as

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

If your income doubles and the prices of the goods you buy double, then your demand forthese goods will likely ________

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Question:

If your income doubles and the prices of the goods you buy double, then your demand forthese goods will likely ________

A.

increase

B.

not change

C.

decrease

D.

shift

Answer» b. not change

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

The proportionate change in quantity demanded and the proportionatechange in price is:

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Question:

The proportionate change in quantity demanded and the proportionatechange in price is:

A.

price elasticity

B.

income elasticity

C.

cross elasticity

D.

none

Answer» a. price elasticity

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