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Bachelor of Arts in Economics (BA Economics)

When a perfectly competitive industry is in long-run equilibrium, all firms in the industry

» Micro economics 2 solved MCQs /
Question:

When a perfectly competitive industry is in long-run equilibrium, all firms in the industry

A.

earn zero economic profits

B.

produce a level of output where short-run marginal cost is equal to short-run average total cost

C.

produce a level of output where long-run marginal cost is equal to long-run average cost

D.

All of the above are correct

Answer» d. All of the above are correct

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

When a perfectly competitive industry is in long-run equilibrium, all firms in the industry Read More »

» Micro economics 2 solved MCQs

A major critique of advertising is that

» Micro economics 2 solved MCQs /
Question:

A major critique of advertising is that

A.

it provides information to consumers that they would be better off without

B.

it manipulates people\s tastes, leading people to make bad choices

C.

it promotes excessive competition among firms in the industry

D.

it is usually linked to promotions, which undermine the market\s price

Answer» b. it manipulates people\s tastes, leading people to make bad choices

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

A major critique of advertising is that Read More »

» Micro economics 2 solved MCQs

Which measures are followed by the government for handling inflation?

» Macro Economics 2 solved MCQs /
Question:

Which measures are followed by the government for handling inflation?

A.

monetary measures

B.

fiscal measures

C.

controlling investments

D.

all of these

Answer» d. all of these

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

Which measures are followed by the government for handling inflation? Read More »

» Macro Economics 2 solved MCQs

The standard deviation of a sampling distribution is commonly called which of thefollowing

» Quantitative Methods for Economic Analysis 1 solved MCQs /
Question:

The standard deviation of a sampling distribution is commonly called which of thefollowing

A.

sampling deviation

B.

standard margin

C.

standard error

D.

statistical range

Answer» c. standard error

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

The standard deviation of a sampling distribution is commonly called which of thefollowing Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

Who considered Political Economy as “an enquiry into the nature and causes of the wealth of nations”?

» Micro Economics 1 solved MCQs /
Question:

Who considered Political Economy as “an enquiry into the nature and causes of the wealth of nations”?

A.

Adam Smith

B.

J.B.Say

C.

Marshall

D.

Keynes

Answer» a. Adam Smith

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

Who considered Political Economy as “an enquiry into the nature and causes of the wealth of nations”? Read More »

» Micro Economics 1 solved MCQs

The curve showing the quantity of a good that would be purchased at various income levels:

» Micro Economics 1 solved MCQs /
Question:

The curve showing the quantity of a good that would be purchased at various income levels:

A.

Income Consumption Curve

B.

Price Consumption Curve

C.

Engel Curve

D.

Indifference Curve

Answer» c. Engel Curve

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

The curve showing the quantity of a good that would be purchased at various income levels: Read More »

» Micro Economics 1 solved MCQs