1. In which one of the following types of economy are the factors of production owned individually?
2. Indian economy may described in the form of....
3. Cargo services are a part of the ______ activities of the service sector.
4. Goods that are brought not for meeting the immediate need of the consumer but for producing other goods are called
5. Who is regarded as the father of modern economics?
6. In which market competition does not exists?
7. Selling of many products in form of a single product is called?
8. Which of the following statements is TRUE about mixed economy?
9. The concept of 'sustainable development' was introduced by which one of the following reports?
10. 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.
11. The –––––––– is a macroeconomic term that refers to the proportion of income that is saved rather than spent on current good and services.
12. When total utility is maximum then marginal utility ...............
13. Which was the principal source and sector of occupation of the Indian economy on the eve of Independence?
14. Indian economy on the eve of independence was :
15. Which of the following is an example of the tertiary sector of employment?
17. Constant returns to scale (CRS) is a property of production function that holds when ………
18. MRP means on package of any goods
19. Which of the following is NOT an example of fixed cost for a firm?
20. What are the four factors of production?
21. Which of the following sectors in Indian Economy is also known as service sector?
22. Which of the following economic activities falls under the primary sector?
23. The difference between voluntarily payment and real price payment for any goods by consumers. called.......
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. About 85% of the Indian population of colonial India depended on which of the following sector of the economy?
27. Which of the following is the perfect example of free market?
28. In reference of Indian economy which of the following is in the tertiary sector?
29. The concept of indifference curve is based on the law of ………. .
30. Which of the following is constant along an indifferent curve?
31. Macroeconomics can be defined as:
32. When the MP is positive but declining, it means .............
33. 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?
34. 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."
35. Who is known as the founding father of Macroeconomics as a separate discipline?
36. Market where less number of companies existed and together control the majority is called?
37. With reference to cost, what is the full form of SMC from the following?
38. What is the term used for pricing strategy in which a firm charge different customers different prices for the same product?
39. 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?
40. Which of the following name is not related to economic theory?
41. Goods such as food, clothing and services such as recreation that are consumed when purchased by their ultimate consumers are called :
42. Which of the following statements about real wage rate is correct?
43. As long as marginal utility of a commodity is _____ an individual will always prefer more of the commodity
44. Which one of the following is NOT a feature of an Open Economy?
45. The rate of increase in ex-ante consumption due to a unit increment in income is called ……… .
46. What does the cost of self-owned inputs used in the production process refer to?
47. The person, who gives his name only to any partnership firm, called.
48. In reference of Indian economy, which of the following comes under the secondary sector?
49. A Giffen good is related to which of the following?
50. Service sector is a part of ------------of an economy.
