Question # 1

Desire + Purchasing power is equal to:

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Demand

Supply

Income

Utility

The ratio of change in income to change in investment is known as:

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Multiplier

Accelrator

MEC

Both a and b

Capital goods are those which can satisfy human wants:

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Directly

Indirectly

Proportionate

None of these

During recession demand for factors of production is

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More

Limited

Very low

Too much

The costs which a firm bear only in case of producing commodities

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Fixed costs

Variable costs

Total costs

Average fixed cost

In the short period, fixed cost curve has the tendency

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Parallel to ox-axis

Parallel to oy-axis

Positive

Negative

If there are large number of firms in some particular industry, then situation is called

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Perfect competition

Imperfect competition

Monopoly

Monopolistic competition

Word of economics has been derived from "Oikonomos" which is word of the language

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French

Latin

Russian

None of them

Inductive method of deriving economic laws

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We move from general conditions to particulars conditions

We move from particular conditions to general conditions

Facts are stated in simple and easy way

Stated in general way

When supply curve shifts rightward or down it is called

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Rise of supply

Fall of supply

Extension of supply

Contraction of supply

"A trade cycle is completed in three years four months" This is stated by

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Prof Kitchen

Prof Jugglar

Prof Jevons

Prof Pigou

If the rate of change in price and quantity supplied is equal then:

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Es = 0

Es = 1

Es > 1

Es < 1

If quantity demand changes due to the change in income, it is called:

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Point Elasticity of demand

Arc Elasticity of demand

Income Elasticity of demand

Price Elasticity of demand

Marginal utility curve moves

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From left to right downward

From left to right upward

Parallel to ox axis

Parallel to oy axis

kinds of money are

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Three

Four

Five

Seven

Monetary theory of trade cycle was given by:

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Joseph Schumpeter

Habson Foster

Jevons

Hawtray

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