The demand of a factor of production is (1) direct (2) derived (3) neutral (4) discretion of the producer

The demand of a factor of production is (1) direct (2) derived (3) neutral (4) discretion of the producer
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(2) derived Explanation: There are 4 factors of production; land, labor, capital and entrepreneurship. The demand for the factors of production is a derived demand. That means these factors of production are demanded because there is a demand for the end product they produce.
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The demand of a factor of production is (1) direct (2) derived (3) neutral (4) discretion of the producer

Description : The demand of a factor of production is (1) direct (2) derived (3) neutral (4) discretion of the producer

Last Answer : derived

)The demand of a commodity is a direct demand but the demand of a factor of production is called a - (1) Crossed demand (2) Joint demand (3) Derived demand (4) Independent demand

Description : )The demand of a commodity is a direct demand but the demand of a factor of production is called a - (1) Crossed demand (2) Joint demand (3) Derived demand (4) Independent demand

Last Answer : (3) Derived demand Explanation: In the words of McConnell, the demand for factors of production is a derived demand that is derived from the finished goods and services which resources help to produce. ... demand, demand for factors is derived demand. It is based on the productivity of the factors.

The demand of a commodity is a direct demand but the demand of a factor of production is called a (1) Crossed demand (2) Joint demand (3) Derived demand (4) Independent demand

Description : The demand of a commodity is a direct demand but the demand of a factor of production is called a (1) Crossed demand (2) Joint demand (3) Derived demand (4) Independent demand

Last Answer : Derived demand

The demand for labour is called - (1) Market demand (2) Direct demand (3) Derived demand (4) Factory demand

Description : The demand for labour is called - (1) Market demand (2) Direct demand (3) Derived demand (4) Factory demand

Last Answer : (3) Derived demand Explanation: The demand for labour is "derived- from the production and demand for the product being demanded. If the demand for the product increases, either the price will ... price and production numbers are met. Labour is "derived" from the market demand for the product.

Demand for complementary goods is known as - (1) Joint demand (2) Derived demand (3) Direct demand (4) Cross demand

Description : Demand for complementary goods is known as - (1) Joint demand (2) Derived demand (3) Direct demand (4) Cross demand

Last Answer : (1) Joint demand Explanation: Demand for complementary goods is called Joint Demand. Joint Demand is the demand in which goods are related in such a way that an increase in the demand for one causes an increase in the demand for the other.

The demand for labour is called (1) Market demand (2) Direct demand (3) Derived demand (4) Factory demand

Description : The demand for labour is called (1) Market demand (2) Direct demand (3) Derived demand (4) Factory demand

Last Answer :  Derived demand

Demand for complementary goods is known as (1) Joint demand (2) Derived demand (3) Direct demand (4) Cross demand

Description : Demand for complementary goods is known as (1) Joint demand (2) Derived demand (3) Direct demand (4) Cross demand 

Last Answer : Joint demand

In case of imprisonment for non-payment of fine, if a part of the fine is paid, such sentence (a) Shall be reduced proportionately (b) Shall not be reduced in direct proportion to the fine paid (c) Shall be reduced but subject to the discretion of the court as to the quantum of reduction (d) All of the above.

Description : In case of imprisonment for non-payment of fine, if a part of the fine is paid, such  sentence (a) Shall be reduced proportionately (b) Shall not be reduced in direct proportion to the fine paid ( ... subject to the discretion of the court as to the quantum of  reduction (d) All of the above.

Last Answer : (a) Shall be reduced proportionately

Bread and butter, car and petrol are examples of goods which have - (1) composite demand (2) joint demand (3) derived demand (4) autonomous demand

Description : Bread and butter, car and petrol are examples of goods which have - (1) composite demand (2) joint demand (3) derived demand (4) autonomous demand

Last Answer : (3) derived demand Explanation: Derived demand is a term in economics, where demand for one good or service occurs as a result of the demand for another intermediate/final good or service. This may occur ... must be mined for coal to be consumed. As the demand for coal increases, so does its price.

Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only (i) is true B.Both (i) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Description : Demand curve can be derived from the law of diminishlng marginal utility on which of the following assumptions? (i) Utility can be measured in quantitative terms (ii) Utility of money is constant Of these statements: A.Only ... ) and (ii) are true C.Only (ii) is true D.Neither (i) nor (ii) is true

Last Answer : B.Both (i) and (ii) are true

Bread and butter, car and petrol are examples of goods which have (1) composite demand (2) joint demand (3) derived demand (4) autonomous demand

Description : Bread and butter, car and petrol are examples of goods which have (1) composite demand (2) joint demand (3) derived demand (4) autonomous demand

Last Answer : derived demand

Elasticity of demand measures the A.Sensitivity of sales to changes in a particular causal factor B.Sensitivity of production to changes in a particular cost C.Value of price and cost D.Volume of product

Description : Elasticity of demand measures the A.Sensitivity of sales to changes in a particular causal factor B.Sensitivity of production to changes in a particular cost C.Value of price and cost D.Volume of product

Last Answer : A.Sensitivity of sales to changes in a particular causal factor

The fact that organisational customers purchase products to be used directly or indirectly in the production of goods and services to satisfy customers' needs means that demand for industrial products is: A)joint B)economically stable C)derived D)inelastic E)more fluctuating

Description : The fact that organisational customers purchase products to be used directly or indirectly in the production of goods and services to satisfy customers' needs means that demand for industrial products is: A)joint B)economically stable C)derived D)inelastic E)more fluctuating

Last Answer : C)derived

Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Description : Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Last Answer : (4) sum of wages, interest, rent and normal profit. Explanation: The following elements are included in the cost of production: (1) Purchase of raw machinery, (2) Installation of plant and machinery ... also added, (k) The normal profit of the entrepreneur is also included In the cost of production.

Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Description : Cost of production of the producer is given by: (1) sum of wages paid to labourers. (2) sum of wages and interest paid on capital. (3) sum of wages, interest, rent and supernormal profit. (4) sum of wages, interest, rent and normal profit.

Last Answer : sum of wages, interest, rent and normal profit.

Money is said to be neutral if (a) it affects the real variables of the economy. (b) it does not affect the real variables of the economy. (c) it affects only the production. (d) it affects both production & employment.

Description : Money is said to be neutral if (a) it affects the real variables of the economy. (b) it does not affect the real variables of the economy. (c) it affects only the production. (d) it affects both production & employment.

Last Answer : (b) it does not affect the real variables of the economy.

What is needed for creating demand? (1) Production (2) Price (3) Income (4) Import

Description : What is needed for creating demand? (1) Production (2) Price (3) Income (4) Import

Last Answer : (1) Production Explanation: Demand refers to how much (quantity) of a product or service is desired by buyers. The quantity demanded is the amount of a product people are willing to buy at a ... demanded is known as the demand relationship. So for demand to originate, a product is required first.

Capital formation in an economy depends on - (1) Total Income (2) Tot al demand (3) Total savings (4) Total production

Description : Capital formation in an economy depends on - (1) Total Income (2) Tot al demand (3) Total savings (4) Total production

Last Answer : (3) Total savings Explanation: Capital formation refers to capital accumulation, referring to the total "stock of capital" that has been formed, or to the growth of this total capital stock. ... a measure of the amount by which the total physical capital stock increased during an accounting period.

Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

Description : Equilibrium price means - (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximize profit

Last Answer : (1) Price determined by demand and supply Explanation: Equilibrium price is a state in economy where the supply of goods matches demand. When a major index experiences a period of consolidation or sideways ... short, it is the market price at which the supply of an item equals the quantity demanded.

The bowed shape of the production possibilities curve illustrates: a. the law of increasing marginal cost b. that production is inefficient c. that production is unattainable d. the demand is relatively inelastic

Description : The bowed shape of the production possibilities curve illustrates: a. the law of increasing marginal cost b. that production is inefficient c. that production is unattainable d. the demand is relatively inelastic

Last Answer : a. the law of increasing marginal cost

Which indivisibilities have been described in Rodan’s development model ? (a) Indivisibilities in the production function only. (b) Indivisibilities of the Demand only. (c) Indivisibilities in the supply of savings only. (d) All the above indivisibilities.

Description : Which indivisibilities have been described in Rodan’s development model ? (a) Indivisibilities in the production function only. (b) Indivisibilities of the Demand only. (c) Indivisibilities in the supply of savings only. (d) All the above indivisibilities.

Last Answer : (d) All the above indivisibilities.

Milton Friedman gave emphasis in his quantity theory of money on (a) Production and Income (b) Price level (c) Supply of Money (d) Demand for Money

Description : Milton Friedman gave emphasis in his quantity theory of money on (a) Production and Income (b) Price level (c) Supply of Money (d) Demand for Money

Last Answer : (d) Demand for Money

When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is : (a) Greater than one (b) Equal to one (c) Less than one (d) Infinity

Description : When cost of production is zero, monopoly equilibrium will be established at a level where elasticity of demand curve is : (a) Greater than one (b) Equal to one (c) Less than one (d) Infinity

Last Answer : Equal to one

The law of diminishing marginal utility is most useful for explaining the (a) Law of supply (b) Law of demand © Shape of production possibility curve (d) curvature of total cost curve

Description : The law of diminishing marginal utility is most useful for explaining the (a) Law of supply (b) Law of demand © Shape of production possibility curve (d) curvature of total cost curve

Last Answer : (b) Law of demand

Capital formation in an economy depends on (1) Total Income (2) Total demand (3) Total savings (4) Total production

Description : Capital formation in an economy depends on (1) Total Income (2) Total demand (3) Total savings (4) Total production

Last Answer : Total savings

What is needed for creating demand ? (1) Production(2) Price (3) Income (4) Import

Description : What is needed for creating demand ? (1) Production(2) Price (3) Income (4) Import

Last Answer : Production

In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and supply forces in the market (3) the private-sector takes all the decisions for price-determination of various commodities produced (4) the Government controls the allocation of all the factors of production

Description : In a Laissez-faire economy (1) the customers take all the decisions regarding production of all the commodities (2) the Government does not interfere in the free functioning of demand and ... of various commodities produced (4) the Government controls the allocation of all the factors of production

Last Answer : the Government does not interfere in the free functioning of demand and supply forces in the market

Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit

Description : Equilibrium price means (1) Price determined by demand and supply (2) Price determined by Cost and Profit (3) Price determined by Cost of production (4) Price determined to maximise profit

Last Answer :  Price determined by demand and supply

According to the effective demand principle: a) at a certain price, the output shall not be determined by any known factor b) at a certain price, the output will remain unaffected by rise or fall in demand c) at a certain price, equilibrium output will be solely determined by the aggregate demand d) none of the above

Description : According to the effective demand principle: a) at a certain price, the output shall not be determined by any known factor b) at a certain price, the output will remain unaffected by rise or ... certain price, equilibrium output will be solely determined by the aggregate demand d) none of the above

Last Answer : c) at a certain price, equilibrium output will be solely determined by the aggregate demand

The demand for many industrial products for which a price increase or decrease will not significantly affect the demand is 1. elastic 2. inelastic 3. derived 4. joint 5. none of these

Description : The demand for many industrial products for which a price increase or decrease will not significantly affect the demand is 1. elastic 2. inelastic 3. derived 4. joint 5. none of these

Last Answer : inelastic

7) DuPont implemented an expensive advertising campaign for Stainmaster carpet because the firm understood that if it could sell more carpeting the mills would buy more of its chemicals. DuPont demonstrated an understanding that for industrial firms demand is often A)proportional. B)downward sloping. C)inelastic. D)derived. E)seasonal.

Description : 7) DuPont implemented an expensive advertising campaign for Stainmaster carpet because the firm understood that if it could sell more carpeting the mills would buy more of its chemicals. DuPont demonstrated ... demand is often A)proportional. B)downward sloping. C)inelastic. D)derived. E)seasonal.

Last Answer : D)derived.

As it places its order for truck tyres with Michelin, South Side Industrial Supply realises that it must also place an order for valve stems and balancing weights for the truck tyres. Here industrial products are characterised as having ____ demand. A)fluctuating B)inelastic C)derived D)joint

Description : As it places its order for truck tyres with Michelin, South Side Industrial Supply realises that it must also place an order for valve stems and balancing weights for the truck tyres. Here industrial products are characterised as having ____ demand. A)fluctuating B)inelastic C)derived D)joint

Last Answer : D)joint

The demand for many industrial products for which a price increase or decrease will not significantly affect the demand is: A)elastic B)inelastic C)derived D)joint

Description : The demand for many industrial products for which a price increase or decrease will not significantly affect the demand is: A)elastic B)inelastic C)derived D)joint

Last Answer : B)inelastic

The name “modem” is derived from (1) modern demarkator (2) modulator demand (3) modern demodulator (4) modulator demodulator

Description : The name “modem” is derived from (1) modern demarkator (2) modulator demand (3) modern demodulator (4) modulator demodulator

Last Answer : modulator demodulator

How common are landline phones with discretion on them?

Description : How common are landline phones with discretion on them?

Last Answer : What does “discretion” mean? Personally, I never heard of such a feature.

Is a temporary non-pay status absence and time off from duty granted at employee’s request, at the supervisor’s discretion, and within organizational policies.?

Description : Is a temporary non-pay status absence and time off from duty granted at employee’s request, at the supervisor’s discretion, and within organizational policies.?

Last Answer : Family Medical Leave (FLMA)

Is a temporary non-pay status absence and time off from duty granted at employee’s request, at the supervisor’s discretion, and within organizational policies.?

Description : Is a temporary non-pay status absence and time off from duty granted at employee’s request, at the supervisor’s discretion, and within organizational policies.?

Last Answer : Family Medical Leave (FLMA)

In case no party enjoys absolute majority in the Legislative Assembly of a state, the Governor will go by : (1) the advice of former Chief Minister (2) the advice of the Prime Minister (3) the advice of the President of India (4) his own discretion

Description : In case no party enjoys absolute majority in the Legislative Assembly of a state, the Governor will go by : (1) the advice of former Chief Minister (2) the advice of the Prime Minister (3) the advice of the President of India (4) his own discretion

Last Answer : (4) his own discretion Explanation: The Governor can use discretionary powers: a) If no party gets an absolute majority, the Governor can use his discretion in the selection of the Chief Minister; b) During ... d) He can withhold his assent to a bill and send it to the President for his approval.

In which way the President can assign any of the functions of the Union Government to the State Government? (1) In his discretion (2) In consultation with the Chief Justice of India (3) In consultation with the Government of the State (4) In consultation with the State Governor

Description : In which way the President can assign any of the functions of the Union Government to the State Government? (1) In his discretion (2) In consultation with the Chief Justice of India (3) In consultation with the Government of the State (4) In consultation with the State Governor

Last Answer : (3) In consultation with the Government of the State Explanation: Article 258 of Indian constitution states that the President may, with the consent of the Government of a State, entrust either ... the Governor of a State to entrust State functions to the Central Government or its officers.

The President of India can issue proclamation of Emergency - (1) on the advice of the Prime Minister (2) on the advice of the Council of Ministers (3) in his own discretion (4) when the decision of the Union Cabinet for the issue of such proclamation has been communicated to him in writing

Description : The President of India can issue proclamation of Emergency - (1) on the advice of the Prime Minister (2) on the advice of the Council of Ministers (3) in his own discretion (4) when the decision of the Union Cabinet for the issue of such proclamation has been communicated to him in writing

Last Answer : (4) when the decision of the Union Cabinet for the issue of such proclamation has been communicated to him in writing Explanation: Article 352 of the Indian Constitution mentions the National Emergency in ... on the basis of a written request by the Council of Ministers headed by the Prime Minister.

In Indian Parliament, a bill may be sent to a select committee – (1) after the first reading (2) after the second reading (3) after general discussion during second reading (4) at any stage at the discretion of the Speaker

Description : In Indian Parliament, a bill may be sent to a select committee – (1) after the first reading (2) after the second reading (3) after general discussion during second reading (4) at any stage at the discretion of the Speaker

Last Answer : (4) at any stage at the discretion of the Speaker Explanation: When a Bill comes up before a House for general discussion, it is open to that House to refer it to a Select Committee of the ... clause just as the two Houses do. Amendments can be moved to various clauses by members of the Committee.

Zero hour is at the discretion of – (1) Prime Minister (2) Speaker (3) Opposition leader (4) President

Description : Zero hour is at the discretion of – (1) Prime Minister (2) Speaker (3) Opposition leader (4) President

Last Answer : (2) Speaker Explanation: In 'Zero Hour' members can raise questions without prior notice to the Speaker of the Lok Sabha. The order in which the matters will be raised is decided by the Speaker at his/her discretion.

Personating a public servant shall be punished with(Cognizable non bailable) a) Imprisonment for a term which may be extend 2 years or with fine or both b) Imprisonment for a term which may be extend 3 years or with fine or both c) Either A or B at the discretion of the court d) None of these

Description : Personating a public servant shall be punished with(Cognizable non bailable) a) Imprisonment for a term which may be extend 2 years or with fine or both b) Imprisonment for a term which may be extend 3 years or with fine or both c) Either A or B at the discretion of the court d) None of these

Last Answer : a) Imprisonment for a term which may be extend 2 years or with fine or both

In all cases in which judgment is given that a person is guilty of one of several offences specified in the judgment, but that it is doubtful of which of these offences he is guilty, the offender shall be punished for the offence a) For which the lowest punishment is provided if the same punishment is not provided for all b) For which the highest punishment is provided if the same punishment is not provided for all c) Shall be reduced but subject to the discretion of the court as to the quantum of reduction d) None of the above

Description : In all cases in which judgment is given that a person is guilty of one of several  offences specified in the judgment, but that it is doubtful of which of these offences he is  guilty, the offender ... subject to the discretion of the court as to the quantum of  reduction d) None of the above

Last Answer : a) For which the lowest punishment is provided if the same punishment is not provided for all

If a MO is received payable to a minor a) It can be paid to the minor if he is old enough to understand the nature of the transaction b) When the minor is under years of discretion and is living with his parents, payment will be made to his parents on signing the MO on behalf of the minor c) When the minor is under years of discretion and is not living with his parents, payment can be made to person in whose care the minor is living on getting an undertaking d) All the above

Description : If a MO is received payable to a minor a) It can be paid to the minor if he is old enough to understand the nature of the transaction b) When the minor is under years of discretion and is living ... can be made to person in whose care the minor is living on getting an undertaking d) All the above

Last Answer : d) All the above

The term of BOA vice-chairman is a. One year. b. Three years subject to renewal. c. At the discretion of BOA members. d. Same with the term of BOA chairman

Description : The term of BOA vice-chairman is a. One year. b. Three years subject to renewal. c. At the discretion of BOA members. d. Same with the term of BOA chairman

Last Answer : One year

Mark the correct option a) No one can be claim the max number days casual leave as a matter of rightb) Casual Leave should not be sanctioned more than 5 days at a timec) The persons appointed middle of the year the authority competent to sanctionGrant such leave will have discretion to grant either the full period or 8 daysOr only proportiond) CL not a form of leave and not treaded as absente) All the above;

Description : Mark the correct option a) No one can be claim the max number days casual leave as a matter of right b) Casual Leave should not be sanctioned more than 5 days at a time c) The persons appointed middle ... days Or only proportion d) CL not a form of leave and not treaded as absent e) All the above;

Last Answer : e) All the above;

Articles addressed to the deceased persons a) Shall be returned to RLO b) Shall be deld to he addressee c) At the discretion of the PM d) Shall be returned to the sender

Description : Articles addressed to the deceased persons a) Shall be returned to RLO b) Shall be deld to he addressee c) At the discretion of the PM d) Shall be returned to the sender

Last Answer : c) At the discretion of the PM

Facsimile impression of signature on an acknowledgement a) Can be accepted b) Cannot be accepted c) Discretion of the PM d) None of these

Description : Facsimile impression of signature on an acknowledgement a) Can be accepted b) Cannot be accepted c) Discretion of the PM d) None of these

Last Answer : a) Can be accepted

On checking the entries in the invoice (tendered along with the Regd. News paper without prepayment ) if there by any discrepancy noticed. a) The posting should be refused b) The PM can use his discretion c) The o/o posting should make the requisite correction under the initial of the HO d) None of these

Description : On checking the entries in the invoice (tendered along with the Regd. News paper without prepayment ) if there by any discrepancy noticed. a) The posting should be refused b) The PM can use his ... The o/o posting should make the requisite correction under the initial of the HO d) None of these

Last Answer : c) The o/o posting should make the requisite correction under the initial of the HO