Question # 1

When a firm is maximizing profit it will necessarily be:

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Maximizing profit per unit of ouput

Maximizing the difference between total revenue and total cost

Minimizing total cost

Maximizing total revenue

What is the full form of IAEA?

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International Atomic Energy Association

Indian Atomic Energy Agency

International Atomic Energy agency

International Atomic Ene3rfy Agency

Adam Smith's The Wealth of nations was published in:

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1772

1773

1774

1776

In a less Developed Country:

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The Infrastructure is likely to be good

Real wages are likely to be high

Unemployment is likely to be low

The primary sector is likely to be significant

What is a bludger?

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Someone who collects stamps

Some who swings a softball bat very hard

Somme one who collects stamps

Someone who sponges off of others

When a bank loan is repaid the supply of money:

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Is constant but its composition will have changed

Is decreased

Is increased

May either increase or decrease

The restriction of mate selection to people within the same group is called?

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Dependency

Exogamy

Endogamy

Incest taboo

What is the main cause of inflation?

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Increases in money supply

Fall in production

Increases in money supply and fall in production

Decreases in money supply and fall in production

The situation with increasing unemployment and inflation is termed as:

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Hyperinflation

Reflection

Stagflation

Galloping

Who among the following formuated the most system doctrine of sovereignty?

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Gourtius

bodin

Austlin

Locke

Ultimate burden of tax is known as

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Impact

Incidence

shifting of tax

Property tax

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