Bachelor of Arts in Economics (BA Economics)

Students A,B and C took part in a recent quiz. Student A scored 50 points, Student Bscored 60 points and Student C scored 70 points. What is the mean of this quiz

by
Question:

Students A,B and C took part in a recent quiz. Student A scored 50 points, Student Bscored 60 points and Student C scored 70 points. What is the mean of this quiz

A.

60

B.

50

C.

70

D.

45

Answer» a. 60

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

In a free enterprise economy, the problems of what, how and for whom to produce are solved by :

by
Question:

In a free enterprise economy, the problems of what, how and for whom to produce are solved by :

A.

A Planning Committee

B.

The Price mechanism

C.

The Planning Commission

D.

None of these.

Answer» b. The Price mechanism

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

Fishers ideal index is obtained as :

by
Question:

Fishers ideal index is obtained as :

A.

the sum of laspeyre’s & paasche’s indices

B.

the geometric mean of laspeyer’s & paasche’s indices

C.

the arithemetic mean of laspeyer’s & paasche’s indices

D.

the harmonic mean of laspeyre’s & paasche’s indices

Answer» b. the geometric mean of laspeyer’s & paasche’s indices

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

_______ is situation in which a single company or group owns all or nearly all of themarket for a given type of product or service.

by
Question:

_______ is situation in which a single company or group owns all or nearly all of themarket for a given type of product or service.

A.

monopsony

B.

oligopoly

C.

perfect competition

D.

monopoly

Answer» d. monopoly

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