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Bachelor of Arts in Economics (BA Economics)

Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:

» Micro Economics 1 solved MCQs /
Question:

Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses:

A.

J B Say

B.

Alfred Marshall

C.

David Ricardo

D.

Robbins

Answer» d. Robbins

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

Who defined economics as: a science which studies human behavior as a relationship between ends and scarce means which have alternative uses: Read More »

» Micro Economics 1 solved MCQs

In linear programming, _____ expresses the necessity that the levels of production of thecommodity cannot be negative, that is, it should be either positive or zero.

» Mathematical Economics solved MCQs /
Question:

In linear programming, _____ expresses the necessity that the levels of production of thecommodity cannot be negative, that is, it should be either positive or zero.

A.

the technical constraints

B.

objective functions

C.

non negativity constrains

D.

primal

Answer» c. non negativity constrains

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

In linear programming, _____ expresses the necessity that the levels of production of thecommodity cannot be negative, that is, it should be either positive or zero. Read More »

» Mathematical Economics solved MCQs

When we optimise a function, with the first order derivative equal to ___ and the secondorder derivative ___ the function is at a relative minimum.

» Mathematical Economics solved MCQs /
Question:

When we optimise a function, with the first order derivative equal to ___ and the secondorder derivative ___ the function is at a relative minimum.

A.

0, 0

B.

0, < 0

C.

0, > 0

D.

> 0, 0

Answer» c. 0, > 0

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

When we optimise a function, with the first order derivative equal to ___ and the secondorder derivative ___ the function is at a relative minimum. Read More »

» Mathematical Economics solved MCQs

Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:

» Micro Economics 1 solved MCQs /
Question:

Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is:

A.

Equal to zero

B.

Equal to one

C.

Greater than one

D.

Constant

Answer» c. Greater than one

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

Elasticity of supply for a positively sloped straight line supply curve that intersects the price axis is: Read More »

» Micro Economics 1 solved MCQs

A square matrix with 1’s in its principal diagonal and zeros everywhere else is

» Mathematics for Economic Analysis 1 solved MCQs /
Question:

A square matrix with 1’s in its principal diagonal and zeros everywhere else is

A.

diagonal matrix

B.

identity matrix

C.

leading diagonal

D.

scalar matrix

Answer» b. identity matrix

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

A square matrix with 1’s in its principal diagonal and zeros everywhere else is Read More »

» Mathematics for Economic Analysis 1 solved MCQs

A market:

» Micro Economics 1 solved MCQs /
Question:

A market:

A.

Necessarily refers to a meeting place between buyers and sellers

B.

Does not necessarily refer to a meeting place between buyers and sellers

C.

Extends over the entire nation

D.

Extends over a city.

Answer» b. Does not necessarily refer to a meeting place between buyers and sellers

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

A market: Read More »

» Micro Economics 1 solved MCQs