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Bachelor of Arts in Economics (BA Economics)

Imputed value of good is added to the GDP because:

» Macro Economics 1 solved MCQs /
Question:

Imputed value of good is added to the GDP because:

A.

they indeed represent value

B.

there is no market price for that

C.

they increase consumption

D.

none of the above

Answer» b. there is no market price for that

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

Imputed value of good is added to the GDP because: Read More »

» Macro Economics 1 solved MCQs

In the equation of a straight line, Y = mX + c , if m is equal to zero then when:

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

In the equation of a straight line, Y = mX + c , if m is equal to zero then when:

A.

x increases y decreases

B.

y increases x increases

C.

x increases y increases

D.

x increases y remains constant

Answer» d. x increases y remains constant

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

In the equation of a straight line, Y = mX + c , if m is equal to zero then when: Read More »

» Quantitative Methods for Economic Analysis 1 solved MCQs

Which of the following is a cardinalist approach to demand analysis:

» Micro Economics 1 solved MCQs /
Question:

Which of the following is a cardinalist approach to demand analysis:

A.

Marshallian utility analysis

B.

Indifference Curve Analysis

C.

Revealed Preference Theory

D.

None of these

Answer» a. Marshallian utility analysis

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

Which of the following is a cardinalist approach to demand analysis: Read More »

» Micro Economics 1 solved MCQs

Which of the following is not related to commodity money

» Micro economics 2 solved MCQs /
Question:

Which of the following is not related to commodity money

A.

All commodities were not uniform in quality

B.

It is difficult to store and prevent the loss of value

C.

They lacked portability

D.

There was no problem of coincidence of wants

Answer» c. They lacked portability

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

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» Micro economics 2 solved MCQs

A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:

» Micro Economics 1 solved MCQs /
Question:

A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased:

A.

Rises

B.

Falls

C.

Remains unchanged

D.

None of the above

Answer» a. Rises

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

A negative income elasticity of demand for a commodity indicates that as income falls, the amount of the commodity purchased: Read More »

» Micro Economics 1 solved MCQs

The sum of squares of deviations from arithmetic mean is ………

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

The sum of squares of deviations from arithmetic mean is ………

A.

maximum

B.

minimum

C.

zero

D.

one

Answer» b. minimum

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

The sum of squares of deviations from arithmetic mean is ……… Read More »

» Quantitative Methods for Economic Analysis 2 solved MCQs