Which of the following is not true in respect of mean deviation

Question:

Which of the following is not true in respect of mean deviation

A.

it is simple to understand

B.

it considers each & every item in a series

C.

it is capable of further algebraic treatment

D.

the extreme items have less effect on its magnitude

Answer» c. it is capable of further algebraic treatment

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

When investment is negatively related to the rate of interest, equilibrium output in the goods market:

Question:

When investment is negatively related to the rate of interest, equilibrium output in the goods market:

A.

Is unrelated to the rate of interest

B.

Is inversely related to the rate of interest

C.

Is positively related to the rate of interest

D.

Falls as the rate of interest decreases

Answer» b. Is inversely related to the rate of interest

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

When price of a product falls, more of it is purchased because of

Question:

When price of a product falls, more of it is purchased because of

A.

the substitution effect

B.

the income effect

C.

neither substitution effect nor income effect

D.

both the substitution and income effects

Answer» d. both the substitution and income effects

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

The dual pricing system of charging high price during peak time and low price during of peak time is called

Question:

The dual pricing system of charging high price during peak time and low price during of peak time is called

A.

Double pricing

B.

Dual pricing

C.

kinked pricing

D.

peak load pricing

Answer» d. peak load pricing

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