Mixed Tests( Economics)
| Description: Economics Test - 15 | |
| Number of Questions: 50 | |
| Created by: Rachana Sahu | |
| Tags: Economics Test - 15 General Economics |
Which of the following statements is correct?
Which of the following represent(s) macro-economics from the national point of view?
When as a result of decrease in the price of a commodity, the total expenditure made on it decreases, we say that price elasticity of demand is
The point elasticity at the mid-point on the demand curve is
If as a result of 50 percent increase in all inputs, the output rises by 75 per cent, this is a case of
Which of the following can be regarded as a law of economics?
If the income of a household rises by 20 per cent, the demand for computer rises by 25 per cent. This means computer (in Economics) is a/an
The structure of the cold drink industry in India is best described as
Which of the following is not a property of the indifference curve?
If the price of apples rises from Rs. 30 per kg to Rs. 40 per kg and the supply increases from 240 kg to Rs. 300 kg, then the elasticity of supply is
Which of the statements is correct?
Under which market structure, average revenue of a firm is equal to its marginal revenue?
If a seller realises Rs. 10,000 after selling 100 units and Rs. 14,000 after selling 120 units, what is the marginal revenue?
Under which market condition, though the firms earn normal profits in the long run, there is always excess capacity with them?
The cost of one thing in terms of the alternative given up is known as
Which of the following statements is incorrect?
Price discrimination is profitable when
In economics, what a consumer is ready to pay minus what he actually pays, is termed as
The producer is in equilibrium at a point where the cost line is
If the price of X rises by 10 per cent and the quantity demanded falls by 10 per cent, X has
Which of the following is not an economic activity?
If real national income rises by 10 percent and population increases by 2 percent, per capita income will increase by
Which of the following statements is correct?
Which sector of Indian economy contributes the largest share to national income?
The concept of economic development is
Which of the following is/are correct?
In order to control credit and investment, the Central Bank should
Fiscal policy is concerned with
Which of the following is an economic activity?
Pick up the correct statement(s).
Demand for intermediate consumption arises in
Which of the following statements is correct?
Transfer payments refer to payment which are made
Net National Product at factor cost is
The net value added method of measuring national income is also known as
Which of the following is incorrect?
What is India's world rank in terms of population?
In which state or union territory is the literacy rate highest in the country?
Which is the other name of the average revenue curve?
A monopolist is able to maximize his profits when
Which year is known as 'year of great divide' for India's population?
What is the shape of the demand curve faced by a firm under perfect competition?
What is the other name of the demand curve?
A horizontal supply curve parallel to the quantity axis implies that the elasticity of supply is
The second glass of lemonade gives lesser satisfaction to a thirsty boy. This is a clear case of
Which of the following statements is incorrect?
The second chapter gives lesser satisfaction to a hungry boy. This is a clear case of
About ___ percent of the sick units in India are small units.
Three steel plants in Bhilai, Rourlkela and Durgapur were set up in the
Which of the following has been specifically established to meet the requirements of credit of the farmers and villagers?