_________ is the first Law of Consumption.

June 8, 2021 by admin

Question:

_________ is the first Law of Consumption.

The Law of Diminishing Marginal Utility

The Law of Demand

The Law of Increasing Returns

All of the above

Answer» a. The Law of Diminishing Marginal Utility

Note:

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

___________ is a gift of nature.

June 8, 2021 by admin

Question:

___________ is a gift of nature.

Land

Labour

Capital

Organisation

Answer» a. Land

Note:

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

The terms Micro economic and Macro economics were coined by

June 8, 2021 by admin

Question:

The terms Micro economic and Macro economics were coined by

Professor A Samulson

Giffen

Prof. Ragner Frisch

Eagle

Answer» c. Prof. Ragner Frisch

Note:

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

Which of the following is not a central problem of a society

June 8, 2021 by admin

Question:

Which of the following is not a central problem of a society

What to produce

How to produce

For whom to produce

Where to produce

Answer» d. Where to produce

Note:

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

Which of the following is not an unpaid seller’s right against the goods?

June 8, 2021 by admin

Question:

Which of the following is not an unpaid seller’s right against the goods?

The right of retention

The right of stoppage in transit

The right of seeking claim for damage

The right of resale

Answer» c. The right of seeking claim for damage

Note:

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

Long-term equilibrium of an Industry under a perfectly market conditions in achieved when

June 8, 2021 by admin

Question:

Long-term equilibrium of an Industry under a perfectly market conditions in achieved when

All the firms are earning normal profit

All the firms are in equilibrium

There is no further entry or exit of firms from the industry

All the three

Answer» d. All the three

Note:

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

Section 122 of Companies Act, 2013 provides that which of the following provisionsare not applicable to an OPC

June 8, 2021 by admin

Question:

Section 122 of Companies Act, 2013 provides that which of the following provisionsare not applicable to an OPC

Section 100: Calling of EGM

Section 101: Notice of Meeting

Section 105: Proxies

All of the above

Answer» d. All of the above

Note:

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

P and Q are two non-empty sets. Given: n(P) = 12, n(Q) = 6 and n (P U Q) = 10. Then n (P ∩ Q) is

June 8, 2021 by admin

Question:

P and Q are two non-empty sets. Given: n(P) = 12, n(Q) = 6 and n (P U Q) = 10. Then n (P ∩ Q) is

Answer» a. 8

Note:

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

The paradox of Diamond is more costly than water is explained by

June 8, 2021 by admin

Question:

The paradox of Diamond is more costly than water is explained by

Marginal utility concept

Scarcity

Relative cost of production

All the three

Answer» b. Scarcity

Note:

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

In behavioural analysis, costs are divided into

June 8, 2021 by admin

Question:

In behavioural analysis, costs are divided into

Production and Non-Production costs

Controllable and Non-Controllable costs

Direct and indirect costs

Fixed and Variable costs

Answer» d. Fixed and Variable costs

Note:

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