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