To whom do you attribute the ‘growth’ definition of economics?

April 28, 2021 by admin

Question:

To whom do you attribute the ‘growth’ definition of economics?

Paul Samuelson

Lionel Robbins

Milton Friedman

Alfred Marshall

Answer» a. Paul Samuelson

Note:

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

Lerner Index is a measure of:

April 28, 2021 by admin

Question:

Lerner Index is a measure of:

Elasticity of demand

Monopoly power

Inequality

None

Answer» b. Monopoly power

Note:

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

Which policy is effective in the Classical range?

April 28, 2021 by admin

Question:

Which policy is effective in the Classical range?

monetary policy

fiscal policy

incomes policy

none of these

Answer» a. monetary policy

Note:

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

The relationship between income and consumption:

April 28, 2021 by admin

Question:

The relationship between income and consumption:

consumption

saving

investment

none

Answer» a. consumption

Note:

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

The slope of a budget line is

April 28, 2021 by admin

Question:

The slope of a budget line is

the satisfaction level of both the commodities

the income level of the consumer

the price ratio of both the commodities under consideration

price level of a country

Answer» c. the price ratio of both the commodities under consideration

Note:

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

In consumer price index number weights are determing on the basis of ………..

April 28, 2021 by admin

Question:

In consumer price index number weights are determing on the basis of ………..

actual price of the index

the consumption pattern of the class of population

actual consumption expenditure

both price & consumption expenditure

Answer» b. the consumption pattern of the class of population

Note:

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

The market structure which has large number of sellers selling differentiated product iscalled

April 28, 2021 by admin

Question:

The market structure which has large number of sellers selling differentiated product iscalled

Perfect competition

Monopoly

Monopolistic competition

Oligopoly

Answer» a. Perfect competition

Note:

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

The RBI set up in the year

April 28, 2021 by admin

Question:

The RBI set up in the year

1921

1935

1947

1951

Answer» b. 1935

Note:

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

Given a total utility function, Marginal utility is obtained by finding ______

April 28, 2021 by admin

Question:

Given a total utility function, Marginal utility is obtained by finding ______

First derivative

Second derivative

Integral

Coefficient

Answer» a. First derivative

Note:

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

In Classical theory, the equality between saving and investment is brought about by:

April 28, 2021 by admin

Question:

In Classical theory, the equality between saving and investment is brought about by:

Income

Rate of interest

Consumption

Multiplier.

Answer» b. Rate of interest

Note:

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