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Economics
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Q1461

Which aspect of taxation involves normative economics?

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Q1462

For a cotton seller in India, dumping refers to selling the cotton at

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Q1463

Cost plus pricing is considered appropriate for which combination of the following?
i. Product Tailoring
ii. Public Utility pricing
iii. Refusal pricing
iv. Monopoly pricing
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Q1464

If all inputs are increased in the same proportion, than it is the case of
1. short-run production function
2. long-run production function
3. laws of variable proportion
4. laws of returns to scale
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Q1465

Which of the following statement is false?

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Q1466

Match the following.

List-I	List-II
a. Input-output isoquant	1. Arrow and Chenery
b. CES production function	2. Loniet
c. Duopoly model	3. P. Sweezy
d. Kinked demand curve	4. Cournot

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Q1467

Derived demand means

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Q1468

Match the following.

List-I	List-II
a. Indifference curve	1. Slopes downward to the right
b. Demand curve	2. P = AR = MR = d
c. Perfect competition	3. Oligopoly
d. Price leadership	4. Convex to the origin

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Q1469

The price elasticity of demand is the

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Q1470

The average fixed cost curve of the firm will be like a:

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Q1471

Assertion (A): The demand for a commodity refers to the quantity of the commodity in demand at a certain price during any particular period.
Reason (R): The contraction of demand is the result of an increase in the price of the good concerned.

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Q1472

Lack of capital, exessive dependence on agriculture and inequalities of income and assets are some of the important features of a

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Q1473

Which one of the following agencies is responsible for the computation of national income in India

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Q1474

The economic cost of input includes

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Q1475

Find the marginal revenue of a firm that sells a product at a price of Rs. 10 and the price elasticity of demand for the product is (-) 2.

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Q1476

Which of the following refers to perfect competition?
1. There are restrictions on buyers and sellers.
2. There are no restrictions on movement of goods.
3. There are no restrictions on factors of production.
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Q1477

Merger of two companies under the Board for Industrial and Finacial Reconstruction (BIFR) supervision is known as

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Q1478

In the case of Giffen good like bajra, a fall in its price tends to-

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Q1479

If an increase of 50% in the price of a commodity causes a decrease in its demand by only 10% then such demand will be

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Q1480

Statement I The important difference between our assumptions for monopolistic competition and those for perfect competition is that monopolistic competitors sell similar, but not identical products.
Statement II In monopolistic competition, we have many firms selling a differentiated product.

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