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Economics
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Q1421

The production function X = AL^3/5 K^1/2 is homogeneous of degree

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Q1422

'Ceteris paribus' clause in the law of Demand does not mean

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Q1423

If a demand curve shifts to the right, it means-

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Q1424

In which of the following form of the market the producer is isolated and selling costs is incurred

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Q1425

Sources of long term finance will be

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Q1426

Statement I The isoquant curves are drawn convex to the origin due to diminishing technical rate of substitution.
Statement II The lesser the convexity of the isoquant curve, the greater the possibility of the complementarity of the two inputs.

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Q1427

Consider the following statements.
1. Point of inflexion exists where I^st stage of law of variable proportions ends.
2. TP increases even when MP is decreasing.
3. Producer will stop only at II^nd stage of variable proportions.
Which of the statement(s) given above is/are correct?

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Q1428

Match the following.

List-I	List-II
a. Prof. Robin	1. Security profit
b. Prof. Milton Kafoglis	2. Marris growth maximisation
c. Prof. Rothschild	3. Output maximisation

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Q1429

Match the following.

List-I	List-II
a. Law of demand is fully applicable	1. Giffen goods not applicable
b. Law of demand is not applicable at all	2. Veblon goods partly applicable
c. Law of demand is partly applicable	3. Normal goods fully applicable

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Q1430

The subject which is related to the income and expenditure of the government is called

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Q1431

Excess capacity is NOT noticed in which of the following market conditions?

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Q1432

National income on market value is

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Q1433

Generally, the general budget of the country is presented in the parliament

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Q1434

Which of the following statement accurately describes the relationship between AP and MP?

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Q1435

Consider the following statements.
1. Demand is always related to price and time.
2. Individual demand is the sum total of individual demand function.
3. Demand is desire/want back of money.
Which of the statement(s) given above is/are correct?

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Q1436

The slope of the average revenue curve in a monopoly will be

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Q1437

Which of the following statements are incorrect?
i. Malthus population theory does not directly depend on the diminishing return law
ii. The principle of optimum population compared population with food grains
iii. The point of optimum population is fixed
Select the answer

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Q1438

Match the following.

List-I	List-II
a. "What is"	1. Micro-economics
b. "What ought to be"	2. Macro-economics
c. Aggregates	3. Positive economics
d. Individual units	4. Normative economics

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Q1439

In the short run a firm in perfect competition can vary-

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Q1440

The 'Kinked demand curve approach' is related to

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