Bachelor of Arts in Economics (BA Economics)

An equation in which all variables are raised to the first power is known as

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Question:

An equation in which all variables are raised to the first power is known as

A.

linear equation

B.

non-linear equation

C.

quadratic equation

D.

polynomial of degree two

Answer» a. linear equation

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

Central bank was nationalised in: [a]1949 [b] 1934 [c] 1935 [d] 1940.20. RBI was established in the year————————-

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Question:

Central bank was nationalised in: [a]1949 [b] 1934 [c] 1935 [d] 1940.20. RBI was established in the year————————-

A.

1935

B.

1949

C.

1934

D.

1940.

Answer» a. 1935

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

Microeconomic theory assumes that all firms maximize profits because

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Question:

Microeconomic theory assumes that all firms maximize profits because

A.

it has been observed that managers always align their goals with investors and seek to maximize short and long run profits

B.

profit is likely to dominate almost all decisions for smaller firms

C.

if managers deviate from profit maximization decisions for too long shareholders or the board of directors will replace them

D.

both (b) and (c)

Answer» d. both (b) and (c)

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