Commerce · all questions

Economics
practice.

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

1,593

Questions

77/80

Page

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

Q1521

According to Malthus, the population of a country grows

Select an option to see the answer and solution.

Q1522

The meaning of the word 'economic' is most closely connected with the word

Select an option to see the answer and solution.

Q1523

Match the items of List-I with the items of List-II:

List-I	List-II
a. Law of diminishing marginal utility	1. Cross demand
b. Relationship between price of one commodity and demand for other commodity	2. Oligopoly
c. Skimming the cream policy	3. Cardinal approach
d. Price rigidity	4. Pioneer pricing

Select an option to see the answer and solution.

Q1524

An exceptional demand curve is one that slopes-

Select an option to see the answer and solution.

Q1525

Slutsky theorem deals with decomposition of-

Select an option to see the answer and solution.

Q1526

Which two of the following statements are true?
I. A simple monopoly firm always earns super normal profit
II. Sweezy's kinked demand curve model is the best known model explaining relatively more satisfactory behaviour of oligopoly firm for price rigidity
III. A perfectly competitive firm is price-taker
IV. Firms under monopolistic competition earn only normal profits
Choose the correct option from those below

Select an option to see the answer and solution.

Q1527

Monopolistic competition differs from perfect competition primarily because

Select an option to see the answer and solution.

Q1528

Which one of the following would not lead to a shift in the demand curve for overseas holidays?

Select an option to see the answer and solution.

Q1529

According to Robbins, Economics is-

Select an option to see the answer and solution.

Q1530

The contribution of agriculture to Indian economy is

Select an option to see the answer and solution.

Q1531

Elasticity is commonly stated in the form of

Select an option to see the answer and solution.

Q1532

Total utility is maximum when

Select an option to see the answer and solution.

Q1533

Differential monopoly is possible only when there are two markets

Select an option to see the answer and solution.

Q1534

According to law of demand,

Select an option to see the answer and solution.

Q1535

Match List-I with List-II

List-I	List-II
a. Size of market	1. Globalization of business
b. Demographic environment	2. Foreign trade policy
c. Export oriented units	3. Macro economic environment
d. Multinational corporations	4. Non-economic environment

Choose the correct option from those given below

Select an option to see the answer and solution.

Q1536

Income elasticity of demand is

Select an option to see the answer and solution.

Q1537

The responsiveness of changes in quantity demanded to change in price is known as

Select an option to see the answer and solution.

Q1538

When the aggregate supply of food grains increases, the total income of the farmer falls. On this basis, state what will be the demand curve for food grains

Select an option to see the answer and solution.

Q1539

Micro-economics deals primarily with

Select an option to see the answer and solution.

Q1540

With reference to inflation, which of the following statement is/are correct?
1. Expansion of credit increase inflation
2. Inflation leads favourable trade surplus
Select the correct answer

Select an option to see the answer and solution.

Prev 75 76 77 78 79 Next