The MC curve cuts the AC curve at

May 4, 2021 by admin

Question:

The MC curve cuts the AC curve at

the maximum point

the initial point

the minimum point

any point

Answer» b. the initial point

Note:

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

There is large scale of involuntary unemployment in the phase of business cycle.

May 4, 2021 by admin

Question:

There is large scale of involuntary unemployment in the phase of business cycle.

expansion

peak

contraction

none of the above

Answer» c. contraction

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 −2 then:

May 4, 2021 by admin

Question:

In the equation of a straight line, Y = mX + c , if m is equal to −2 then:

there is a positive relationship between the two variables

there is no relationship between the two variables

there is a negative relationship between the two variables

the relationship between the two variables is perfect

Answer» c. there is a negative relationship between the two variables

Note:

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

The major primary function of money in modern Economics is to serve as:

May 4, 2021 by admin

Question:

The major primary function of money in modern Economics is to serve as:

A store of value

A medium of exchange

A transfer of value

A standard fordeferred payments

Answer» b. A medium of exchange

Note:

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

Which of the following statements about industries that are oligopolies is false

May 4, 2021 by admin

Question:

Which of the following statements about industries that are oligopolies is false

firms in these industries may attempt to cooperate

firms in these industries are interdependent

the fact that there is more than one firm in an oligopoly means that there are no barriers to entry

an oligopoly with two firms is called a duopoly

Answer» c. the fact that there is more than one firm in an oligopoly means that there are no barriers to entry

Note:

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

If labour is the only variable resource and its marginal physical product falls as moreworkers are hired:

May 4, 2021 by admin

Question:

If labour is the only variable resource and its marginal physical product falls as moreworkers are hired:

The law of diminishing marginal returns is at work.

Marginal cost is rising.

Average cost may still be declining.

Average physical product may still be rising.

Answer» a. The law of diminishing marginal returns is at work.

Note:

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

The total cropped area in Kerala to the total geographical area is

May 4, 2021 by admin

Question:

The total cropped area in Kerala to the total geographical area is

21%

90%

68%

40%

Answer» c. 68%

Note:

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

In the market period, market supply curve is

May 4, 2021 by admin

Question:

In the market period, market supply curve is

Perfectly elastic

Perfectly inelastic

Elastic

Inelastic

Answer» b. Perfectly inelastic

Note:

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

In a matrix multiplication for A and B, (AB)t

May 4, 2021 by admin

Question:

In a matrix multiplication for A and B, (AB)t

at bt

bt at

1/ab

Answer» b. bt at

Note:

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

Barometric methods are used to forecast

May 4, 2021 by admin

Question:

Barometric methods are used to forecast

seasonal variation

secular trend

cyclical variation

irregular variation

Answer» c. cyclical variation

Note:

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