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Economics
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Q821

In which year did Amartya Sen receive the nobel prize for economics?

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Q822

Type(s) of income elasticity of demand is/are

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Q823

The consumer is in equilibrium, maximizing his total utility, when

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Q824

What is the nature of elasticity of demand for luxury item like high class furnitures?

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Q825

Out of the following which is not a major component of Gross Domestic Product (GDP)?

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Q826

State the true statement?

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Q827

Which of the following pair(s) is/are not correct?

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Q828

MU curve will intersect x-axis when

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Q829

In a market economy, the price system provides all of the following except which one?

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Q830

If the price of good changes, but everything else influencing the supplier-planned sales remains constant, there is

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Q831

Assertion (A): Business Economics is tool centrally facilitating decision making in business.
Reason (R): It provides an analytical understanding of economic activities.

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Q832

To produce a given level of output, a firm maximizes profits when the marginal rate of technical substitution is equal to the ratio of factor prices. This principle is known as

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Q833

Individual demand schedule shows

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Q834

A queue of a large number of farmers before a single cold storage in the area is a case of

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Q835

In which one of the following market situations, the pricing above the prevailing market price is used as a more common practice?

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Q836

Shopping goods have which of the following features?
I. These products are generally durable in nature
II. Consumers generally compare the goods of various sellers and the buy such goods
III. Per unit price of these goods is generally high
IV. These goods are regularly and continuously in demand
V. These goods are sold as a result of aggressive promotional efforts
Choose the right answer from the options given below:

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Q837

Assertion (A) Total utility will be maximum, when marginal utility to price of respective products are equal.
Reason (R) Deviation from this situation leads to reduction in maximum utility.

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Q838

Law of increasing and constant returns are temporary phases of

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Q839

Match the following.

List-I	List-II
a. Graphical presentation of demand for a consumer	1. Individual demand
b. Horizontal summation of quantity	2. Market demand

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Q840

Identify the years in which different phases of Bank Nationalisation took place in India:
(i) 1950
(ii) 1955
(iii) 1969
(iv) 1949
(v) 1980

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