1. With reference to cost, what is the full form of SMC from the following?
2. Who is known as the founding father of Macroeconomics as a separate discipline?
3. Goods such as food, clothing and services such as recreation that are consumed when purchased by their ultimate consumers are called :
4. Selling of many products in form of a single product is called?
5. What is the term used for pricing strategy in which a firm charge different customers different prices for the same product?
6. Who is regarded as the father of modern economics?
7. Which was the principal source and sector of occupation of the Indian economy on the eve of Independence?
8. Which law states that 'as the quantity of one factor iincreased, keeping the other factors fixed, the marginal product of that factor will eventually decline?
9. The –––––––– is a macroeconomic term that refers to the proportion of income that is saved rather than spent on current good and services.
10. A Giffen good is related to which of the following?
11. Which of the following statements about real wage rate is correct?
13. Which of the following sectors in Indian Economy is also known as service sector?
14. What does the cost of self-owned inputs used in the production process refer to?
15. The rate of increase in ex-ante consumption due to a unit increment in income is called ……… .
16. The difference between voluntarily payment and real price payment for any goods by consumers. called.......
17. Indian economy on the eve of independence was :
18. The person, who gives his name only to any partnership firm, called.
19. Macroeconomics can be defined as:
20. As long as marginal utility of a commodity is _____ an individual will always prefer more of the commodity
21. Who was the author of "The General Theory of Employment, Interest and Money" that laid the foundation of macroeconomics as a separate branch of economics?
22. In which one of the following types of economy are the factors of production owned individually?
23. Which of the following is the perfect example of free market?
24. According to the law of diminishing marginal utility, as the amount of good consumed increases, the marginal utility of that good tends to_____.
25. The production function of a firm is a relationship between inputs used and ............
26. When total utility is maximum then marginal utility ...............
27. When the MP is positive but declining, it means .............
28. Which of the following name is not related to economic theory?
29. In reference of Indian economy which of the following is in the tertiary sector?
30. Which of the following is NOT an example of fixed cost for a firm?
31. What are the four factors of production?
32. Cargo services are a part of the ______ activities of the service sector.
33. MRP means on package of any goods
34. About 85% of the Indian population of colonial India depended on which of the following sector of the economy?
35. Which of the following statements is TRUE about mixed economy?
36. Indian economy may described in the form of....
37. Who said the following? ''No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
38. Which of the following is an example of the tertiary sector of employment?
39. Service sector is a part of ------------of an economy.
40. In which market competition does not exists?
41. The concept of 'sustainable development' was introduced by which one of the following reports?
42. In reference of Indian economy, which of the following comes under the secondary sector?
43. Which of the following is constant along an indifferent curve?
44. Which one of the following is NOT a feature of an Open Economy?
45. The quantity of a commodity that a consumer is willing to buy and is able to afford, given prices of goods and consumers tastes and preferences is called .............. for the commodity.
46. Market where less number of companies existed and together control the majority is called?
47. Constant returns to scale (CRS) is a property of production function that holds when ………
48. Goods that are brought not for meeting the immediate need of the consumer but for producing other goods are called
49. Which of the following economic activities falls under the primary sector?
50. The concept of indifference curve is based on the law of ………. .
