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Economics
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Q1121

Match the following.

List-I	List-II
a. Consumer surplus	1. Loniet
b. Concept of compensating variation	2. Newman Morgensterm
c. Utility index number	3. Hick
d. Input-output model	4. Marshall

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Q1122

Which of the following statement(s) is/are incorrect?

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Q1123

With reference to angle of incidence, which of the following statements is correct?
1. It shows the profit earning capacity of business.
2. It represents the angle between sales line and total cost line.
Select the correct answer

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Q1124

In the context of cost minimisation by a competitive producer, which one of the following is NOT correct?

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Q1125

Which of the following pair(s) is/are incorrectly matched?

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Q1126

Which of the following is not a condition for successful price discrimination?

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Q1127

Who among the following is called a business economist?

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Q1128

In zero base budget planning

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Q1129

Which would be an implicit cost for a firm? The cost

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Q1130

The L-shaped isoquant implies that production requires that the input

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Q1131

When demand for the product increases in the same proportion in which income increases, income elasticity of demand will be equal to

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Q1132

When demand curve is rectangular Hyperbola, the elasticity of demand will be

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Q1133

Monopolist may charge higher price to maximize profit under which of the following conditions?

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Q1134

Consider the following statements
1. Decrease in demand is caused by change in factors other than own price of the commodity.
2. Contraction of demand is caused by decrease in own price of the same commodity.
3. Extension of demand is caused by increase in own price of the same commodity.
Which of the statement(s) given above is/are correct?

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Q1135

The fundamental aim of a monopolist is to

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Q1136

Consider the following statements
1. One way for the government to induce a monopolist to expand his output is by imposing a price ceiling that makes the monopolist lower his price.
2. MC = MR = AC = AR shows the equilibrium position of the competitive firm.
3. One way for the government to induce a monopolist is to make the monopolist raise his price.
4. One way for the government to induce a monopolist is to expand his output by imposing a specific tax on the monopolist output.

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Q1137

Liberalization means:

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Q1138

The highest growth target has been set in the tenth five year plan

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Q1139

Demand curve of monopoly:

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Q1140

Which of the following is not included in computing the gross national product of the country at market prices?

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