Bachelor of Arts in Economics (BA Economics)

In the 19th century _________ argued that ideas pass through three rising stages namely, Theological, Philosophical and Scientific.

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Question:

In the 19th century _________ argued that ideas pass through three rising stages namely, Theological, Philosophical and Scientific.

A.

Auguste Comte

B.

B. Plato

C.

Aristotle

D.

Socrates

Answer» a. Auguste Comte

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

Which of the following definitions of Economics include the economic concept of ‘scales of Preferences’?

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Question:

Which of the following definitions of Economics include the economic concept of ‘scales of Preferences’?

A.

Wealth definition

B.

Welfare definition

C.

Scarcity definition

D.

Growth definition

Answer» c. Scarcity definition

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

The variable that stands alone on the left-hand side of the equation such as y = 2x + 1 is known as

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Question:

The variable that stands alone on the left-hand side of the equation such as y = 2x + 1 is known as

A.

dependent variable

B.

independent variable

C.

endogenous variable

D.

explained variable

Answer» a. dependent variable

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

The demand curve faced by the a monopolistically competitive firmis very elastic if the degree of product differentiation is

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Question:

The demand curve faced by the a monopolistically competitive firmis very elastic if the degree of product differentiation is

A.

Very low

B.

Very high

C.

Zero

D.

Moderate

Answer» b. Very high

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

If there is a very strong correlation between two variables then the correlationcoefficient must be

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Question:

If there is a very strong correlation between two variables then the correlationcoefficient must be

A.

any value larger than 1

B.

much smaller than 0, if the correlation is negative

C.

much larger than 0, regardless of whether the correlation is negative or positive

D.

none of these alternatives is correct

Answer» b. much smaller than 0, if the correlation is negative

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