4. What is the income elasticity of demand for inferior goods?
Anonymous Quiz
11%
[A] equal to 1
47%
[B] greater than 1
39%
[C] less than 0
3%
[D] greater than 0
5. Which if the following is subject matter of microeconomic study ?
Anonymous Quiz
31%
[A] Study of Cotton Textile Industry
34%
[B] General Price level of commodities
19%
[C] Problem of unemployment
15%
[D] Aggregate demand of the commodities
6. Which of the following is a subject matter of micro-economics ?
Anonymous Quiz
7%
[A] National Income
19%
[B] Gross Domestic Product
22%
[C] Level of Employment
51%
[D] Consumer Equilibrium
7. Which of the following is not a micro- economic variable ?
Anonymous Quiz
6%
[A] Demand of a commodity
8%
[B] Supply of a commodity
21%
[C] Price rise of a commodity
65%
[D] Employment generated in a year in a country
8. In terms of micro-economics, comparative advantage is based on which of the following ?
Anonymous Quiz
13%
[A] dollar price
22%
[B] labor cost
49%
[C] opportunity cost
16%
[D] capital cost
9. Which of the following is considered as transfer payment?
Anonymous Quiz
2%
[A] College fees
13%
[B] Bank loan
28%
[C] Bonus of employees
57%
[D] Unemployed allowance by the government
10. Which among the following is part of Macroeconomics?
Anonymous Quiz
13%
[A] Investment of households
13%
[B] Wages of a person
8%
[C] fuel efficiency
66%
[D] Aggregate economic activity
11. Which of the following are correct for Real GDP ?
Anonymous Quiz
25%
[A] Current year production valued at current prices
61%
[B] Current year production valued at base year
9%
[C] Current year production valued at last year prices
5%
[D] Current year production valued at forecasted prices
12. Which of the following are part of National income ?
Anonymous Quiz
82%
[A] Value of all goods and services produced in a financial year
11%
[B] An reused good sold in that financial year
3%
[C] Service rendered by housewife
3%
[D] None of the above
13. Which of the following are part of Gross National Product(GNP)?
Anonymous Quiz
3%
[A] Imports
6%
[B] Exports
25%
[C] Money earned by resident abroad
66%
[D] All of the above
14. Real National income increases in which of the following circumstances?
Anonymous Quiz
2%
[A] When Prices of goods increases
9%
[B] When saving of people increases
34%
[C] When Inflation increases prices and taxes
55%
[D] When the production of goods and services increases
15. What does a good with positive externalities known as ?
Anonymous Quiz
31%
[A] Giffen goods
20%
[B] Public goods
45%
[C] Merit goods
5%
[D] Snob good
16. Which of the following is included in market price ?
Anonymous Quiz
53%
[A] Indirect taxes
21%
[B] Direct taxes
15%
[C] Subsidies
11%
[D] None of the above
17. What is subtracted from personal income to get personal disposable income?
Anonymous Quiz
31%
[A] Indirect taxes
51%
[B] Direct taxes
15%
[C] subsidies
3%
[D] None of the above
18. Which among the following is an example of substitute goods ?
Anonymous Quiz
7%
[A] Milk and Coffee
7%
[B] Pen and Paper
19%
[C] Ink and Pen
67%
[D] Tea and coffee
19. What is marginal utilty in economics signify?
Anonymous Quiz
7%
[A] Small utlity
32%
[B] Additional utlity
43%
[C] Minimum utility
18%
[D] Satisfied utilty
20. In which of the following circumstances, the total utility is maximum?
Anonymous Quiz
25%
[A] Marginal utility is maximum
55%
[B] Marginal utility = 0
18%
[C] Marginal utility is minimum
2%
[D] None of the above
@kaszone_prelims
1. Indian Republic is not the product of————
1. Indian Republic is not the product of————
Anonymous Quiz
15%
(A) Political Revolution
11%
(B) Discussion
32%
(C) Made by a body of eminent representatives of the people
42%
(D) All the above
@kaszone_prelims
2. For the first time, British Parliament enacted which laws for the British Government to govern in India——————
2. For the first time, British Parliament enacted which laws for the British Government to govern in India——————
Anonymous Quiz
20%
(A) Govt. of India Act 1857
68%
(B) Govt. of India Act 1858
11%
(C) Govt. of India Act 1891
2%
(D) Govt. of India Act 1888