NNP/population

Total capital/population

Population/NNP

None of these

Large number of buyers and sellers

Homogeneous product

Freedom of entry

Absence of transport cost

TR = PXQ

AR = Price

Negatively - sloped demand curve

Marginal Revenue = Price

A large number of firms

Perfect mobility of factors

Informative advertising to ensure that consumers have good information

Freedom of entry and exit into and out of the market

There is a single firm

The firm is a price taker

The firm produces a unique product

The existence of some advertising

his output is maximum

he charges a high price

his average cost is minimum

his marginal cost is equal to marginal revenue

Profit curve

Planning curve

Demand curve

Indifference curve

uniform

different

less than one

zero

perfect competition

oligopoly

monopoly

monopolistic competition

response to a price increase is less than the response to a price decrease

response to a price increase is more than the response to a price decrease

elasticity of demand is constant regardless of whether price increases or decreases

elasticity of demand is perfectly elastic if price increases, and perfectly inelastic if price decreases

remained constant

decreased

increased

first decreased and then increased

The tertiary sector contributes the maximum to the GDP.

India is a basically a socialist economy.

The distribution of income and wealth in India is quite equitable.

None of these

real estate

small scale industries

agriculture

none of these

Special schemes have been started to promote agro-products.

India has been a big importer of food grains especially since 1990s.

High yielding varieties programme has resulted in improvement in production and productivity of food grains in India.

None of these

slow and uneven growth

inadequate and incomplete land reforms

inadequate finance

all of the above

5 percent

8 percent

10 percent

6 percent

The industrial pattern on the eve of independence was quite balanced.

During the planning period, the structure of Indian industry has shifted in favour of basic and capital goods and intermediate goods.

Most of the big industrial units in India are sick.

All of the above

fifth

tenth

eighth

second

increased

decreased

remained constant

remained above 50 percent

in household sector only

in government sector only

in both household and government sectors

neither in household sector nor in government sector

Playing friendly cricket match

Teaching one's own daughter at home

Manufacturing chairs at subsidised rate

A housewife doing household duties

Andhra Pradesh

Uttar Pradesh

Kerala

Karnataka

U.S.A

China

Australia

Canada

more than that of China

less than that of China

less than that of Pakistan

less than that of England

National Thermal Power Corporation

National Tidal Power Corporation

National Theological Power Corporation

National Talent and Potential Corporation

Bank rate has been increased to 10 per cent.

CRR has been increased to 8 per cent.

CRR has been reduced in stages.

Public sector banks have been asked to raise their funds from their private resources only.

around 5000

around 20000

around 16000

around 45000

Globalisation

Privatisation

Disinvestment

Liberalisation

regional imbalances

increasing overdues

lower inefficiency

all of the above

currencies and demand deposits

bonds and government securities

equity shares

all of the above

post office saving deposits

total post office deposits

currency plus demand deposits plus other deposits with RBI

time deposits with banks

Its supply for the economy is limited.

It is immobile.

Its usefullness depends on human efforts.

It was produced by our forefathers.

the total product divided by the number of units of variable input

the additional output resulting from one unit increase in the variable input

the additional output resulting from one unit increase in both the variable and fixed inputs

the ratio of the amount of the variable input that is being used to the amount of the fixed input

decreasing average variable costs

decreasing marginal costs

increasing marginal costs

decreasing average fixed costs

in the short run all inputs are fixed, while in the long run all inputs are variable

in the short run the firm varies all of its inputs to find the least cost combination of inputs

in the short-run at least one of the firm's input levels is fixed

in the long run the firm is making a constrained decision about how to use the existing plant and equipments efficiently

Average cost

Marginal cost

Fixed cost

Variable cost

increases

decreases

remains constant

first decreases and then increases

the change in total cost due to a one unit change in output

total cost divided by output

the change in output due to a one unit change in an input

total product divided by the quantity of input

The wages a proprietor could have made by working as an employee of a large firm.

The income that could have been earned in alternative uses by the resources owned by the firm.

The payment of wages by the firm.

The normal profit earned by a firm.

Initiating a business enterprise

Risk bearing

Innovating

All of the above

Rs. 20

Rs. 120

Rs. 320

Rs. 420

does not apply to developed countries

applies only to the less developed countries

implies that consumers wants will be satisfied in a socialistic system

implies that consumers wants will never be completely satisfied

Robbins

Marshall

Pigou

Adam Smith

an analysis of the relationship between the price of food and the quantity purchased

determining how much income each person should be granted

determining the fair price for food

deciding how to distribute the output of the economy

Production function

Price of labour

Taxes

Price of the firm's output

Determining the GNP of India.

Identifying the causes of inflation in India.

Finding the causes of failure of X and Co.

Analysing the causes of failure of an industry in providing large scale employment.

labour surplus economy

capital surplus economy

developed economy

developing economy

The pre-independent Indian Economy, where most people were farmers.

A mythical economy, where everybody is a billionaire.

Any economy, where income is distributed equally among its people.

None of these

Accumulation of capital depends solely on income.

Savings can also be affected by the state.

External economies go with size and internal economics with location.

Supply curve of labour is an upward slopping curve.

Slower economic growth in the future

Greater economic growth in the future

No change in our economic growth rate

Greater capital accumulation in the future