Q.1
Which of the following input factor takes risk, innovates and coordinates
Q.2
Some economists say that profit earner is a kind of
Q.3
Quality of a commodity that satisfies some human want or need is called
Q.4
Total utility is maximum when
Q.5
Under which of the following forms of market structure does a firm have no control over the price of its product?
Q.6
Which is a condition for existence of monopoly?
Q.7
Productivity of land can be raised by
Q.8
Land only
Q.9
When Marginal Utility is positive, Total Utility
Q.10
The three broad types of productive resources are
Q.11
Economic development of a country requires
Q.12
Which of the following is one of the assumptions of perfect competition?
Q.13
Price and demand are positively correlated in case of
Q.14
Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of a commodity demanded is smaller than the percentage fall in its price
Q.15
Which of the following is CORRECT with respect to resources?
Q.16
The transformation of resources into economic goods and services is called
Q.17
Profits
Q.18
When Marginal Utility is zero, Total Utility is
Q.19
Which of the following is NOT an input?
Q.20
Profits are
Q.21
Diminishing marginal utility is the basis of
Q.22
Who stated explicitly for the first time, the Law of Comparative Costs?
Q.23
According to Keynes, interest is a payment for
Q.24
The cost which a firm incurs for purchasing or hiring factors is called
Q.25
The Communist Manifesto, written jointly by Marx and Engels's was published in
Q.26
Every factor of production gets rewarded equal to its
Q.27
If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is
Q.28
Law of substitution is another name for law of
Q.29
As output increases, AC curve
Q.30
Demand curve slopes downward because of the law of
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