Commerce · all questions

Economics
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

1,593

Questions

76/80

Page

Pick an option on a question to see the right answer and solution.

Q1501

Which of the following should be balanced the foreign trade of a country?

Select an option to see the answer and solution.

Q1502

Which one is not the characteristics of oligopoly firm?

Select an option to see the answer and solution.

Q1503

A market

Select an option to see the answer and solution.

Q1504

Bilateral monopoly refers to the market situation of

Select an option to see the answer and solution.

Q1505

The extent of the change of demand for a commodity to a given change in . . . . . . . ., other demand determinants remaining constant, is termed as the . . . . . . . . of demand.

Select an option to see the answer and solution.

Q1506

The difference in return between a chosen investment and a necessary one passed up in the law of variable proportion indicates:

Select an option to see the answer and solution.

Q1507

For a commodity giving large consumer's surplus, the demand will be

Select an option to see the answer and solution.

Q1508

Put these concepts in chronological order of their development.
1. Law of demand
2. Law of indifference
3. Law of DMU
4. Revealed preference theory
5. Indifference curve

Select an option to see the answer and solution.

Q1509

In a market economy, the allocation of resources between different productive activities is determined mainly by:

Select an option to see the answer and solution.

Q1510

The central statistical organization was

Select an option to see the answer and solution.

Q1511

Match the following.

List-I	List-II
a. Normal demand curve	1. Vertical straight line
b. Income consumption curve	2. Downwards to right
c. Inelastic demand curve	3. Infinity
d. Cross elasticity of demand between two perfect substitute will be	4. Upwards to the right

Select an option to see the answer and solution.

Q1512

Indifference curve is the combination of two goods that are

Select an option to see the answer and solution.

Q1513

Match the following.

List-I (Forms of Market)	List-II (Features)
a. Perfect competition	1. High degree of interdependence
b. Monopolistic competition	2. Homogeneous product
c. Monopoly	3. Product differentiation
d. Oligopoly	4. One seller and large number of buyers

Select an option to see the answer and solution.

Q1514

In the case of a short-run production function, the factor ratio remains

Select an option to see the answer and solution.

Q1515

The cross-price elasticity between two products is found to be half. From this, we know that the two product are

Select an option to see the answer and solution.

Q1516

A natural monopoly is a market situation, in which

Select an option to see the answer and solution.

Q1517

The G. E. Business Model is explained on which one of the following parameters?

Select an option to see the answer and solution.

Q1518

Using TR and TC a profit maximising firm will be in equilibrium at a point where the

Select an option to see the answer and solution.

Q1519

The nature of cross price elasticity of demand in case of complementary products will be

Select an option to see the answer and solution.

Q1520

Assertion (A) Marginal cost and differential cost do not convey the same meaning in all the circumstances.
Reason (R) Differential cost increases or decreases due to change in fixed cost.

Select an option to see the answer and solution.

Prev 74 75 76 77 78 Next