1 |
Which one is the non-economic activity. |
- A. Service of a doctor
- B. Morning walk
- C. Service of teacher
- D. Service of an advocate
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2 |
According to Malthus, population increase by |
- A. arithmetic progression
- B. geometric progression
- C. systematic progression
- D. automatic progression
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3 |
According to Prof. Knight risks are of ...... kinds |
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4 |
How many condition of equilibrium of firm |
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5 |
A monopoly generally |
- A. allocates resources in a socially optimal way
- B. encourages greater income equality
- C. encourages greater efficiency
- D. produces less quantity than the quantity which minimies average cost
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6 |
Who was the exponent of macro economics in recent times. |
- A. Adam Smith
- B. J.M. Keynes
- C. Marshall
- D. Maithus
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7 |
MRP curve of a factor represents the. |
- A. Supply curve of the factor
- B. Demand curve of the factor
- C. Either demand or supply curve of the factor
- D. None of the three
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8 |
The composite demand for a product is generally: |
- A. Elastic
- B. Inelastic
- C. Equal to unity
- D. Equal to zero
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9 |
They can expand their business by selling shares in the stock market |
- A. proprietor of a business
- B. partners of the business
- C. joint stock company
- D. industrial cooperative societies
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10 |
In economics, one or more persons sharing common consumer budget is called |
- A. social group
- B. consumer union
- C. organisation
- D. household
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