Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Bachelor of Arts in Economics (BA Economics)

In classical theory which of the following is found in the economy:

» Macro Economics 1 solved MCQs /
Question:

In classical theory which of the following is found in the economy:

A.

unemployment

B.

involuntary unemployment

C.

less than full employment

D.

full employment

Answer» d. full employment

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

In classical theory which of the following is found in the economy: Read More »

» Macro Economics 1 solved MCQs

Which is not a fixed cost?

» Micro Economics 1 solved MCQs /
Question:

Which is not a fixed cost?

A.

Monthly rent of Rs. 1,000 contractually specified in a one-year lease

B.

An insurance premium of Rs. 50 per year, paid last month

C.

An attorney\s retainer of Rs. 50,000 per year

D.

A worker\s wage of Rs. 15 per hour

Answer» d. A worker\s wage of Rs. 15 per hour

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

Which is not a fixed cost? Read More »

» Micro Economics 1 solved MCQs

If a set S1 has n elements and S2 has m elements, how many ordered pairs can form in general?

» Mathematical Tools for Economics 1 solved MCQs /
Question:

If a set S1 has n elements and S2 has m elements, how many ordered pairs can form in general?

A.

m x n

B.

m + n

C.

m/n

D.

none of these:

Answer» a. m x n

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

If a set S1 has n elements and S2 has m elements, how many ordered pairs can form in general? Read More »

» Mathematical Tools for Economics 1 solved MCQs

At state level, the registration of vital statistics is carried by :

» Quantitative Methods for Economic Analysis 2 solved MCQs /
Question:

At state level, the registration of vital statistics is carried by :

A.

director of economics and statistics

B.

chief returning officer

C.

chief registrar

D.

none of the above

Answer» c. chief registrar

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

At state level, the registration of vital statistics is carried by : Read More »

» Quantitative Methods for Economic Analysis 2 solved MCQs

In economic theory the costs of a firm

» Micro Economics 1 solved MCQs /
Question:

In economic theory the costs of a firm

A.

Tend to be less than the everyday use of the term costs would suggest

B.

Includes implicit as well as explicit outlays

C.

Always decline as more output is produced

D.

Are usually defined in such a way that profits will be larger than the

Answer» b. Includes implicit as well as explicit outlays

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

In economic theory the costs of a firm Read More »

» Micro Economics 1 solved MCQs

The marginal productivity of labour is:

» Macro Economics 1 solved MCQs /
Question:

The marginal productivity of labour is:

A.

the incremental output due to an increase in capital, ceteris paribus

B.

the incremental output due to an increase in labour, ceteris paribus.

C.

the incremental output due to a change in technology, ceteris paribus

D.

the incremental output due to a change in technology and a change in the

Answer» b. the incremental output due to an increase in labour, ceteris paribus.

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

The marginal productivity of labour is: Read More »

» Macro Economics 1 solved MCQs

If a firm sells its output on a market that is characterized by many sellers and buyers, adifferentiated product, and unlimited long-run resource mobility, then the firm is

» Micro economics 2 solved MCQs /
Question:

If a firm sells its output on a market that is characterized by many sellers and buyers, adifferentiated product, and unlimited long-run resource mobility, then the firm is

A.

a monopolist

B.

an oligopolist

C.

a perfect competitor

D.

a monopolistic competitor

Answer» d. a monopolistic competitor

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

If a firm sells its output on a market that is characterized by many sellers and buyers, adifferentiated product, and unlimited long-run resource mobility, then the firm is Read More »

» Micro economics 2 solved MCQs

Product variation refers to

» Micro economics 2 solved MCQs /
Question:

Product variation refers to

A.

an activity undertaken by a firm to increase demand

B.

a problem with quality control that tends to decrease demand

C.

an activity undertaken by a firm to make demand more price inelastic

D.

None of the above

Answer» a. an activity undertaken by a firm to increase demand

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

Product variation refers to Read More »

» Micro economics 2 solved MCQs