Bachelor of Arts in Economics (BA Economics)

If matrix A is a matrix of order nxm and B is another matrix of order mxn, then BA will be thematrix of order

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Question:

If matrix A is a matrix of order nxm and B is another matrix of order mxn, then BA will be thematrix of order

A.

nxm

B.

mxn

C.

nxn

D.

mxm

Answer» d. mxm

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

Which of the following is the most appropriate measure of central tendency for ordinaldata

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Question:

Which of the following is the most appropriate measure of central tendency for ordinaldata

A.

coefficient of variation

B.

variance

C.

median

D.

mean

Answer» c. median

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

A composite price index based on the prices of a group of items is known as the

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Question:

A composite price index based on the prices of a group of items is known as the

A.

laspeyres index

B.

paasche index

C.

aggregate price index

D.

consumer price index

Answer» c. aggregate price index

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

If a perfectly competitive industry is in long-run equilibrium, which of the following ismost likely to be true

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Question:

If a perfectly competitive industry is in long-run equilibrium, which of the following ismost likely to be true

A.

some firms can be expected to leave the industry.

B.

individual firms are not operating at the minimum points on their average total cost curves.

C.

firms are earning a return on investment that is equal to their opportunity costs.

D.

some factors are not receiving a return equal to their opportunity costs.

Answer» c. firms are earning a return on investment that is equal to their opportunity costs.

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