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Economics
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Q1161

Whose view is that, "Economics is neutral between ends."

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Q1162

GNP at market prices-Indirect taxes + subsidies is referred to as:

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Q1163

A cost that remains constant per unit but changes with the volume of output is called

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Q1164

In international trade which of the following is a non-tariff trade barrier?

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Q1165

The essence of the law of diminishing returns is

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Q1166

In . . . . . . . . market condition, the demand of commodity is completely elastic.

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Q1167

The term opportunity cost refers to

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Q1168

Moving along an indifference curve, if a consumer requires a small amount of the good measured along the Y-axis to make up one unit less of the good measured on the X-axis, then

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Q1169

The production function expresses the relationship between which of the following?

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Q1170

'Extension of demand' means

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Q1171

Who among the following formulates fiscal policy in India?

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Q1172

When a seller equates price and MC to maximize profit under perfect competition, a monopolist must equate

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Q1173

Match the following.

List-I	List-II
a. Dumping	1. Monopolistic competition
b. Kinked revenue curve	2. Oligopoly firm
c. Horizontal straight line revenue curve	3. Perfectively competitive firm
d. Large number of buyers and sellers with differentiated goods	4. Discriminatory monopoly

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Q1174

Which of the following is not included in the net national product (NNP) at factor costs?

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Q1175

The distribution of resources in a free market economy is determined by

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Q1176

Who is assumed as the father of economics?

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Q1177

Which of the following equations is applicable under income method?

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Q1178

Which one of the following statemetns is true for the Quasi rent?

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Q1179

Ceteris paribus, a change in the price of a commodity causes the quantity purchased of its complements to move

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Q1180

If Personal Income is Rs. 62,000; Undistributed profit is Rs. 400; Corporate Tax is Rs. 1,000 and Transfer payments is Rs. 2,000, then National Income will be

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