Question # 1

Which of the following is capital

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toy of a child

plough of the farmer

calculator of the student

novel book in the library

When the classify data on the basis of income there will be

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class intervals

class numbers

groups

sections

Under perfect competition

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AC = AVC

AR = AC

AR = MC

AR= MR

Which is true

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capital depreciates

capital is primary factor of production

capital in not hireable

human capital is real capital

One of the following can be registered in a stock exchange.

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Business under partnership

Cooperative society

Join stock company

Sole proprietorship

TVC

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starts from origin

not from origin

is parallel to x-axis

is parallel to y-axis

Products A and B are substitutes whereas A and C are complement. With a rise in the price of product A, quantity demand of:

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Product B will go up

Product will fall

Both the above will take place

Nothing will take place

Which one is the non-economic activity.

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Service of a doctor

Morning walk

Service of teacher

Service of an advocate

Geographical mobility is not possible for

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land

labour

capital

wealth

Which of the following is one of the assumptions of perfect competition.

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few buyers and few sellers

many buyers and few sellers

many buyers and many sellers

all sellers and buyers are honest

Which one will determine scale of production .

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Financial resources

Production techniques

Extant of the market

All the above

When average product falls marginal product

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Rises

Also falls

Remain equal to average product

Does not change

Law of Equi marginal utlility is a low of

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production of wealth

consumption of wealth

distribution of wealth

exchange of wealth

The first law of consumption was presented by.

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Robert Malthus

Loinel Robbins

Alfred Marshall

Pareto

If supply rises more than demand, price of the product will.

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Fall

Rise

Not change

Change

Who present the Arc Elasticity formula for the measurement of elasticity of demand.

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R.G.D Allen

Pareto

J.R. Hicks

Robbins

Food, Shelter and clothing are:

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Necessities

Comfort

Luxuries.

None of three

Long-run price of a durable good is always less than its short run price . it is because.

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Long -run supply is more elastic than short-run supply curve.

Long -run supply is less elastic than short-run supply curve.

Long and short-run supply curves are equally elastic

None of the three

Which one of the following is a day to day market.

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The market of perishable goods

The market of refrigerators

The market of stationary

None of the three

The maximum number of parteners in a partnership is .

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20

30

15

18

When marginal is negative, it must be true that

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the average is negative

the average is decreasing

the total is negative

the total is decreasing

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