General Economics 3
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Question 1 of 30
1. Question
1 pointsEconomics is science in its methodology and art in its
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Question 2 of 30
2. Question
1 pointsEconomics as a positive science analyses
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Question 3 of 30
3. Question
1 pointsThe process of production is nothing but creation of
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Question 4 of 30
4. Question
1 pointsThe term land in Economics means
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Question 5 of 30
5. Question
1 pointsCirculating Capital in a firm of capital, Which is
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Question 6 of 30
6. Question
1 pointsExpansion of Demand is shown by
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Question 7 of 30
7. Question
1 pointsDemand definition Consist of
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Question 8 of 30
8. Question
1 pointsIf——- Will be the relationship between price of a good and Demand of its Complimentary goods.
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Question 9 of 30
9. Question
1 pointsDemand will be elastic when
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Question 10 of 30
10. Question
1 pointsDemand curve slops downward because of
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Question 11 of 30
11. Question
1 pointsIn case price falls by 6% and demand increases by 7%, then elasticity of demand is
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Question 12 of 30
12. Question
1 pointsWhich theory assumes ordinality of utility
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Question 13 of 30
13. Question
1 pointsWhich of the following not true for relationship between Total utility and Marginal utility?
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Question 14 of 30
14. Question
1 pointsWhen the consumer is willing to pay Rs.20 for mango and is able to buy it for RS.15, then consumer surplus will be
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Question 15 of 30
15. Question
1 pointsA parallel supply curve to X-axis indicates that elasticity of supply is
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Question 16 of 30
16. Question
1 pointsThe upper part of kinked demand curve is___
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Question 17 of 30
17. Question
1 pointsGoods are Perfect complementary then IC
curve is____Correct
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Question 18 of 30
18. Question
1 pointsEXIM bank was started on _____
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Question 19 of 30
19. Question
1 pointsWhich one of the following is not an objective
of RBI.Correct
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Question 20 of 30
20. Question
1 pointsFDI upto ________ is being allowed in defense
production.Correct
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Question 21 of 30
21. Question
1 pointsMarshallian utility analysis is known as ___
analysis.Correct
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Question 22 of 30
22. Question
1 pointsGiven AR=5, Elasticity of demand =2 find MR
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Question 23 of 30
23. Question
1 pointsDirect costs are ________
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Question 24 of 30
24. Question
1 pointsUnder monopoly which of the following are
correct.Correct
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Question 25 of 30
25. Question
1 pointsNABARD was established under the
recommendation of ______Correct
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Question 26 of 30
26. Question
1 pointsPrice is fallen by 20% brings above 10% fall in
quantity supplied then elasticity of supply
is___Correct
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Question 27 of 30
27. Question
1 pointsShort run price is also known as:
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Question 28 of 30
28. Question
1 pointsThe difference between the value of a nation’s
visible exports and visible imports is called___Correct
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Question 29 of 30
29. Question
1 pointsTo reduce the value of domestic currency in
terms of foreign currency is known as____Correct
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Question 30 of 30
30. Question
1 pointsIn disguised unemployment marginal
productivity of labour becomes.Correct
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