Solved MCQS of Economics
What is deducted from GNP to find GDP:
Transfer payments
Net income received from abroad
Depreciation allowance
Indirect as
Which of the following is TRUE for a Giffen good?
Its demand curve is perfectly elastic
Its substitution effect is positive
Its demand curve is positively sloped
Its marginal utility is zero
The Diamer Bhasha Dam will be completed in :
2012
2009
2015
2010
Which of the following economists came up with a theory regarding the tradeoff between unemployment and inflation?
John Maynard Keynes
Milton Friedman
Joseph Schumpeter
A.W. Phillips
Given the amount of gross fixed investment percentage of GDP during 2005-06.
25.0 percent
26.6 percent
14.2 percent
18.4 percent
Who criticized Prof. Robbin’s definition?
Beveridge
Marshall, J.B
Clark
Pigeou
The other name of law of diminishing return is:
Law of supply
Law of diminishing marginal utility
Law of increasing cost
Law of demand
The quality of a good which satisfies a human want is called as:
Cost
Service
None
Utility
To find the profit maximizing level of output, a firm finds the output level where:
None of the given options
Marginal revenue and average total cost
Price equals marginal cost
Price equals marginal revenue
In 2005-06, the crop area of sugarcane in thousand hectares was:
540
642
756
907
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