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English
Economics
History & Civics
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Question-1
The MPP and APP are _________ shaped.
(A)
U
(B)
K
(C)
L
(D)
Inverted U shaped
Question-2
The MRP curve is _________ shaped.
(A)
Inverted U
(B)
U
(C)
L
(D)
V
Question-3
The distribution of total output among various factors for production is known as ________.
(A)
Theory of distribution
(B)
Theory of wages
(C)
Theory of rent
(D)
None of these
Question-4
Traditional economic theories classified factors of production into ________ categories.
(A)
1
(B)
2
(C)
3
(D)
4
Question-5
The short-run supply curve of the labour is __________.
(A)
Less elastic
(B)
More elastic
(C)
Unitary elastic
(D)
None of these
Question-6
________ is the wages paid as per number of units of goods produced.
(A)
Money wages
(B)
Nominal wages
(C)
piece wages
(D)
None of these
Question-7
_________ wages takes into account the level of inflation in the economy.
(A)
Money wages
(B)
time wages
(C)
real wages
(D)
wages in kind
Question-8
_________ is computed by dividing the total product by the number of units.
(A)
Total physical product
(B)
Average physical product
(C)
Marginal physical product
(D)
None of these
Question-9
If greater the elasticity of demand for the product produced by labour __________ would be the demand for the labour.
(A)
Greater
(B)
lesser
(C)
Constant
(D)
None of these
Question-10
The demand for labour depends on __________.
(A)
Level of technology
(B)
Elasticity o demand for the product produced by labour
(C)
Substitution of labour
(D)
All of these
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Practice in Related Chapters
Micro Economic Theory
Theory of Consumer Behavior; Marginal Utility and Indifference Curve Analysis
Law of Supply and Price Elasticity of Supply
Laws of Returns - Returns to a Factor and Returns to Scale
Demand and Law of Demand
Elasticity of Demand
Cost and Revenue Analysis
FORMS OF MARKET
EQUILIBRIUM OF FIRM
Determination of Equilibrium Price and Output Under Perfect Competition Monopoly and Monopolistic
Equilibrium Price: Market Price
Nature of Goods and Services Produced
National Income Aggregates
INTERNATIONAL TRADE; NEED AND BASIS
Balance of Payments
Theory of Distribution: Marginal Productivity Theory and Determination of Wages
Public Expenditure
PUBLIC DEBT
Fiscal Policy and Deficit Financing
The Theory of Distribution: Rent, Interest and Profit
National Income and Circular Flow of Income
Measurement of National Income
- GOVERNMENT BUDGET
PUBLIC FINANCE;TAXATION
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