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Q1321

Returns to scale involve variations in the quantities of the various factors of production
1. Simultaneously
2. Proportionately

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Q1322

Income inequalities in a country can be measured by

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Q1323

A total cost schedule can be derived from one information given in

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Q1324

"The law of diminishing return is merely a matter of logical necessity but the law of increasing return is a matter of empirical fact." The statement comes from

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Q1325

Which of the following equation is correct?

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Q1326

If the marginal output is positive, total output will

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Q1327

Match the following.

List-I	List-II
a. Responsiveness of demand to change in price	1. Income elasticity of demand
b. Responsiveness of demand to change in tastes	2. Price elasticity of demand
c. Responsiveness of demand to change in income	3. Cross elasticity of demand
d. Responsiveness of demand to change in price of related goods	4. Taste elasticity of demand

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Q1328

Budget is not related to

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Q1329

After independence, who was appointed by the government of India as the first chairman of the 'national income committee'?

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Q1330

The normal LAC curve is influenced by

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Q1331

Match List-I with List-II and select the correct answer-

List-I	List-II
a. MRS_xy = Zero	1. Right-angled
b. MRS_xy = Constant but non-zero	2. Straight line with negative slope
c. Decreasing MRS_xy	3. IC is concave to the origin
d. Increasing MRS_xy	4. IC is convex to the origin

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Q1332

Which of the following statement is true in relation to Indian Agriculture?

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Q1333

The short-run supply curve of a perfectly competitive firm

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Q1334

If the price-consumption curve is horizontal, the price-elasticity of demand for X [the price of which falls] would be

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Q1335

Which of the following statements are true according to Prof. Schumpeter about a monopolist?
1. Monopolies are inefficient.
2. Monopoly profits acts as an incentive for innovation.
3. AR is equal to MR.
Select the correct answer

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Q1336

Find out from the following table by which law the firm is working-

Units of input	Total production
1	10
2	25 Law of increasing returns
3	50
4	85
5	135
6	135 Origin parity rule
7	130 Law of diminishing returns

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Q1337

Demand is elastic when

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Q1338

With reference to theories of interest, match List-I with List-II

List-I	List-II
a. Time Preference Theory	1. Keynes
b. Classical Theory	2. Fisher
c. Loanable Fund Theory	3. Marshall
d. Liquidity Preference theory	4. Wicksell

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Q1339

An iso-cost line represents

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Q1340

Consider the following statements and identify the right ones:
1. According to the theory of demographic transition in the first stage, birth rate is low but death rate is high.
2. The difference between them is high.

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