» Micro Economics 1 solved MCQs

When an individual’s income rises, when everything else remains the same, his demand for normal goods:

Byadmin May 5, 2021

Question:

When an individual’s income rises, when everything else remains the same, his demand for normal goods:

Rises

Falls

Remains the same

Any of the above is possible

Answer» a. Rises

Note:

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

» Modern Banking and Insurance solved MCQs

Industrial bank also known as

Question:

Industrial bank also known as

A.
investment bank
B.
state bank
C.
commercial bank
D.
unit bank.
Answer» a. investment bank

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

Read More Industrial bank also known as
» Mathematics for Economic Analysis 1 solved MCQs

If A& B are symmetric matrix, then AB – BA is

Question:

If A& B are symmetric matrix, then AB – BA is

A.
symmetric
B.
skew symmetric matrix
C.
idempotent matrix
D.
orthogonal matrix
Answer» b. skew symmetric matrix

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

Read More If A& B are symmetric matrix, then AB – BA is
» Micro Economics 1 solved MCQs

Keynes assumed the presence of ——— economy for the fundamental law of consumption

Question:

Keynes assumed the presence of ——— economy for the fundamental law of consumption

A.
Capitalistic
B.
Socialistic
C.
Planned
D.
None of the above
Answer» a. Capitalistic

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

Read More Keynes assumed the presence of ——— economy for the fundamental law of consumption
» Quantitative Methods for Economic Analysis 2 solved MCQs

Mean deviation is minimum when deviations are taken from

Question:

Mean deviation is minimum when deviations are taken from

A.
mean
B.
median
C.
mode
D.
zero
Answer» b. median

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

Read More Mean deviation is minimum when deviations are taken from
» Micro economics 2 solved MCQs

In the Quantity Theory of Money Fischer states that, while other things remains thesame,

Question:

In the Quantity Theory of Money Fischer states that, while other things remains thesame,

A.
Price level varies directly with the quantity of money
B.
Price level varies inversely with the quantity of money
C.
Value of money varies directly with the quantity of money
D.
None of the above
Answer» a. Price level varies directly with the quantity of money

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

Read More In the Quantity Theory of Money Fischer states that, while other things remains thesame,
» Micro Economics 1 solved MCQs

If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

Question:

If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

A.
Increase in supply
B.
Increase in quantity supplied
C.
Decrease in supply
D.
Decrease in quantity supplied
Answer» b. Increase in quantity supplied

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

Read More If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:

When an individual’s income rises, when everything else remains the same, his demand for normal goods:

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