The market price is related to : (1) very short period (2) short period (3) long period (4) very long period

The market price is related to : (1) very short period (2) short period (3) long period (4) very long period
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(1) very short period Explanation: Marshall was the first economist who analyzed the importance of time in price determination. Market period is a very short period in which supply being fixed, price is determined by demand. The time period is of few clays or weeks in which the supply of a product can be amplified out of given stock to match the demand. This is possible for durable goods.
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The market price is related to : (1) very short period (2) short period (3) long period (4) very long period

Description : The market price is related to : (1) very short period (2) short period (3) long period (4) very long period

Last Answer : very short period

If a firm is operating at loss in the short-period in perfect combination, it should : (1) decrease the production and the price. (2) increase the production and the price (3) continue to operate as long as it covers even the variable costs. (4) shut-down and leave the industry

Description : If a firm is operating at loss in the short-period in perfect combination, it should : (1) decrease the production and the price. (2) increase the production and the price (3) continue to operate as long as it covers even the variable costs. (4) shut-down and leave the industry

Last Answer : continue to operate as long as it covers even the variable costs.

)A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Description : )A very high rise in National Income at current market prices and a low rise at constant prices reveals - (1) the high rate of growth in the economy at the current period (2) the increased ... period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Last Answer : (3) the improper growth of the economy Explanation: When national output is multiplied by present ruling price, we obtain national income at current prices. On the other hand if the national output is ... not indicate increase in product or output, but is rather due to the rise in price level.

A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production in the current period (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy

Description : A very high rise in National Income at current market prices and a low rise at constant prices reveals (1) the high rate of growth in the economy at the current period (2) the increased production ... (3) the improper growth of the economy (4) the high rate of inflation prevailing in the economy 

Last Answer :  the high rate of inflation prevailing in the economy

Very short period is the market condition where the supply remain perfectly (a) Elastic ; (b) Inelastic ; (c) Unity elastic ; (d) Elasticity less than 1

Description : Very short period is the market condition where the supply remain perfectly (a) Elastic ; (b) Inelastic ; (c) Unity elastic ; (d) Elasticity less than 1

Last Answer : (b) Inelastic ; 

Money market is a market for - (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Description : Money market is a market for - (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Last Answer : (1) Short term fund Explanation: The money market is where financial instruments with high liquidity and very short maturities are traded. It is used by participants as a means for borrowing ... the common money market instruments are: commercial paper, municipal notes, interest rate swaps, etc.

Capital market deals with - (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds

Description : Capital market deals with - (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds

Last Answer : (2) Long term fund Explanation: Capital markets are financial markets for the buying and selling of long-term debt or equity-backed securities. These markets channel the wealth of savers to those ... put it to long-term productive use, such as companies or governments making long-term investments.

Money market is a market for (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Description : Money market is a market for (1) Short term fund (2) Long term fund (3) Negotiable instruments (4) Sale of shares

Last Answer : Short term fund

Capital market deals with (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds

Description : Capital market deals with (1) Short term fund (2) Long term fund (3) Cash (4) Both long and short term funds 

Last Answer : Long term fund

In short run, if a competitive firm incurs losses, it will - (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.

Description : In short run, if a competitive firm incurs losses, it will - (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.

Last Answer : (1) stop production. Explanation: In the short run, a firm that is operating at a loss (where the revenue is less that the total cost or the price is less than the unit cost) must ... will shutdown if the sale of the goods or services produced cannot even cover the variable costs of production.

In short run, if a competitive firm incurs losses, it will (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.

Description : In short run, if a competitive firm incurs losses, it will (1) stop production. (2) continue to produce as long as it can cover its variable costs. (3) raise price of its product. (4) go far advertising campaign.

Last Answer : stop production.

If an industry is characterized by economies of scale then - (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) capital requirement are small due to the efficiency of the large scale operation (4) the costs of entry into the market are likely to be substantial

Description : If an industry is characterized by economies of scale then - (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial

Last Answer : (2) long run unit costs of production decreases as the quantity the firm produces increases Explanation: In microeconomics, economies of scale are the cost advantages that an enterprise obtains due to expansion ... in unit cost as the size of a facility and the usage levels of other inputs increase.

If an industry is characterised by economies of scale then (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) capital requirement are small due to the efficiency of the large scale operation (4) the costs of entry into the market are likely to be substantial

Description : If an industry is characterised by economies of scale then (1) barriers to entry are not very large (2) long run unit costs of production decreases as the quantity the firm produces increases (3) ... of the large scale operation (4) the costs of entry into the market are likely to be substantial 

Last Answer : long run unit costs of production decreases as the quantity the firm produces increases

Insider trading is related to - (1) Trade sector (2) Share market (3) Credit market (4) Horse racing

Description : Insider trading is related to - (1) Trade sector (2) Share market (3) Credit market (4) Horse racing

Last Answer : (2) Share market Explanation: Insider trading is the trading of a public company's stock or other securities by individuals with access to non-public information about the company. It is related ... stock holders are at a great disadvantage due to lack of important insider non-public information.

'Gold' is mainly related to - (1) Local market (2) National market (3) International market (4) Regional market

Description : 'Gold' is mainly related to - (1) Local market (2) National market (3) International market (4) Regional market

Last Answer : (3) International market Explanation: Gold is mainly related to the international market as of all the precious metals, it is the most popular as an investment. Gold has been used throughout history as ... until recent times. Gold price has shown a long term correlation with the price of crude oil.

Bull and bear are related to which commercial activity? (1) Banking (2) Ecommerce (3) International trade (4) Stock market

Description : Bull and bear are related to which commercial activity? (1) Banking (2) Ecommerce (3) International trade (4) Stock market

Last Answer : (4) Stock market Explanation: Both the terms are related to stock market. Investors who take a bull approach purchase securities under the assumption that they can be sold later at a higher price. A ... believe that the value of a specific security or an industry is likely to decline in the future

Bull and bear are related to which commercial activity ? (1) Banking (2) E-commerce (3) International trade (4) Stock market

Description : Bull and bear are related to which commercial activity ? (1) Banking (2) E-commerce (3) International trade (4) Stock market

Last Answer : Stock market

‘Gold’ is mainly related to (1) Local market (2) National market (3) International market (4) Regional market

Description : ‘Gold’ is mainly related to (1) Local market (2) National market (3) International market (4) Regional market

Last Answer : International market

Insider trading is related to (1) Trade sector (2) Share market (3) Credit market (4) Horse racing

Description : Insider trading is related to (1) Trade sector (2) Share market (3) Credit market (4) Horse racing

Last Answer :  Share market

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Description : Over short period, when income rises, average propensity to consume usually - (1) rises (2) falls (3) remains constant (4) fluctuates

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Description : Surplus earned by a factor other than land in the short period of referred to as- (1) economic rent (2) net rent (3) quasi-rent (4) super-normal rent

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Over short period, when income rises, average propensity to consume usually (1) rises (2) falls (3) remains constant (4) fluctuates

Description : Over short period, when income rises, average propensity to consume usually (1) rises (2) falls (3) remains constant (4) fluctuates

Last Answer : falls

Surplus earned by a factor other than land in the short period of referred to as (1) economic rent (2) net rent (3) quasi-rent (4) super-normal rent

Description : Surplus earned by a factor other than land in the short period of referred to as (1) economic rent (2) net rent (3) quasi-rent (4) super-normal rent

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Incubation period for infectious coryza is B A. long duration (weeks) B. short duration (18-36 hours) C. Very short duration (3-6 hours) D. None of these

Description : Incubation period for infectious coryza is B A. long duration (weeks) B. short duration (18-36 hours) C. Very short duration (3-6 hours) D. None of these

Last Answer : short duration (18-36 hours)

The law of diminishing returns applies in……………. (a) Short run ; (b) Long run ; (c) Very short run ; (d) All the time period

Description : The law of diminishing returns applies in……………. (a) Short run ; (b) Long run ; (c) Very short run ; (d) All the time period

Last Answer : (a) Short run ;

A firm should cease production in the short(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost run if

Description : A firm should cease production in the short run if(a) Price is less than average fixed cost (b) Price is less than average cost (c) Profits are negative (d) Price is less than average variable cost

Last Answer : (d) Price is less than average variable cost

You are a market analyst specializing in the oil industry and have been asked to forecast the likely price of oil in 2012.

Description : You are a market analyst specializing in the oil industry and have been asked to forecast the likely price of oil in 2012.

Last Answer : world wide demand will increase as the US economy is in full rebound, EU strengthens, and China and India continue to grow. Crude will rise from its current $84 – $85 range to $120 per barrel.

One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

Description : One of the features of a free market economy is - (1) active state intervention (2) public ownership of factors of production (3) rationing and price control (4) consumer's sovereignty

Last Answer : (4) consumer's sovereignty Explanation: Consumer Sovereignty is one of the features of a free market economy. It refers to the assertion consumer preferences determine the production of goods and ... market performance is in fact responsive to the specific wants of the consumers within the system.

Equilibrium price in the market is determined by the - (1) equality between marginal cost and average cost. (2) equality between total cost and total revenue. (3) equality between average cost and average revenue. (4) equality between marginal cost and marginal revenue.

Description : Equilibrium price in the market is determined by the - (1) equality between marginal cost and average cost. (2) equality between total cost and total revenue. (3) equality between average cost and average revenue. (4) equality between marginal cost and marginal revenue.

Last Answer : (4) equality between marginal cost and marginal revenue. Explanation: The equilibrium price is the market price where the quantity of goods supplied is equal to the quantity of goods demanded. This is the ... in equilibrium at the point of equality of marginal cost and marginal revenue. (MC = MR).

The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Description : The term 'Dumping' refers to - (1) The sale of a substandard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Last Answer : (2) Sale in a foreign market of a commodity at a price below marginal cost Explanation: Dumping is an international price discrimination in which an exporter firm sells a portion of its out-put in ... , incurring loss in the foreign market (International Economics by M. Maria. John Kennedy, p.122).

Same price prevails throughout the market under - (1) perfect competition (2) monopoly (3) monopolistic competition (4) oligopoly

Description : Same price prevails throughout the market under - (1) perfect competition (2) monopoly (3) monopolistic competition (4) oligopoly

Last Answer : (1) perfect competition Explanation: Under perfect competition, the control over price is completely eliminated because all firms produce homogeneous commodities. This condition ensures that the same price prevails in the market for the same commodity.

In which of the following market forms, a firm does not exercise control over price? (1) Monopoly (2) Perfect competition (3) Oligopoly (4) Monopolistic competition

Description : In which of the following market forms, a firm does not exercise control over price? (1) Monopoly (2) Perfect competition (3) Oligopoly (4) Monopolistic competition

Last Answer : (2) Perfect competition Explanation: In perfect competition, the existence of a large number of firms producing and selling the product ensures that an individual firm exercises no influence over the price ... a position to influence the price of the product by the increasing or reducing its output.

NIFTY is associated with - (1) Cloth Market Price Index (2) Consumer Price Index (3) BSE Index (4) NSE Index

Description : NIFTY is associated with - (1) Cloth Market Price Index (2) Consumer Price Index (3) BSE Index (4) NSE Index

Last Answer : (4) NSE Index Explanation: The NSE's key index is the S&P CNX Nifty, known as the NSE NIFTY (National Stock Exchange Fifty), an index of fifty major stocks weighted by market capitalization. ... that were widely regarded as solid buy and hold growth stocks. NIFTY means National Index for Fifty.

Speculative demand for cash is determined by - (1) The rate of interest (2) the level of income (3) the general price level (4) the market conditions

Description : Speculative demand for cash is determined by - (1) The rate of interest (2) the level of income (3) the general price level (4) the market conditions

Last Answer : (1) The rate of interest Explanation: Speculative demand is the demand for financial assets, such as securities, money or foreign currency that is not dictated by real transactions such as trade, or financing. ... rate, more people will expect a rise in interest rate (or a fall in bond prices).

National Income is also called as : (1) GNP at Factor Cost (2) GNP at Market Price (3) (3) NNP at Factor Cost (4) (4) NNP at Market Price

Description : National Income is also called as : (1) GNP at Factor Cost (2) GNP at Market Price (3) (3) NNP at Factor Cost (4) (4) NNP at Market Price

Last Answer : (1) GNP at Factor Cost Explanation: National Income is the total value of all goods and services produced in the economy during a particular period of time.

What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retailers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Description : What is dual pricing? (1) Wholesale price and Retail pricing (2) Pricing by agents and Pricing by retailers (3) Price fixed by Government and Price in open market (4) Daily prices and Weekly prices

Last Answer : (3) Price fixed by Government and Price in open market Explanation: Dual pricing is the practice of setting prices at different levels depending on the currency used to make the purchase. It may be ... on the market. This is also known as two-tier pricing and is common in many developing nations

Price and output are determinates in market structure other than - (1) monopoly (2) perfect competition (3) oligopoly (4) monopsony

Description : Price and output are determinates in market structure other than - (1) monopoly (2) perfect competition (3) oligopoly (4) monopsony

Last Answer : (2) perfect competition Explanation: Perfect competition is a form of market in which there are a large number of buyers and sellers competing with each other in the purchase and sale of goods ... 's output is perfectly elastic. Product differentiation holds the key in this type of market structure.

National Income is the - (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost

Description : National Income is the - (1) Net National Product at market price (2) Net National Product at factor cost (3) Net Domestic Product at market price (4) Net domestic Product at factor cost

Last Answer : (2) Net National Product at factor cost Explanation: Net National Product. at factor cost is also called as national income. Net National Product at factor cost is equal to sum total of value added at ... of the flow of output of goods and services produced within an economy over a period of Lime.

Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by - (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Last Answer : (2) the forces of demand and supply in the foreign exchange market Explanation: A floating exchange rate is a type of exchange rate regime wherein a currency's value is allowed to ... by the foreign-exchange market through supply and demand for that particular currency relative to other currencies.

The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.

Description : The price at which the government offers to sell foodgrains lower than the market price is known as? a. Procurement price b. Minimum support price c. Issue price d. Market price.

Last Answer : c. Issue price

The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.

Description : The minimum guaranteed price at which the government offers to purchase any quantity is known as; a. Procurement price b. Minimum Support Price c. Issue Price d. Market Price.

Last Answer : b. Minimum Support Price

Farmers are paid a pre-announced price by the government for their crops. It is called: a. Issue price b. Invested price c. Market price d. Minimum support price.

Description : Farmers are paid a pre-announced price by the government for their crops. It is called: a. Issue price b. Invested price c. Market price d. Minimum support price.

Last Answer : d. Minimum support price.

The price that is announced before the sowing season is called: (a) Issue price (b) Fair price (c) Market price (d) Minimum support price

Description : The price that is announced before the sowing season is called: (a) Issue price (b) Fair price (c) Market price (d) Minimum support price

Last Answer : (d) Minimum support price

In a pure market economy, which of the following is a function of the price? I. provide information to sellers and buyers , II. provide incentives to sellers and buyers a. I only b. II only c. both I and II d. neither I nor II

Description : In a pure market economy, which of the following is a function of the price? I. provide information to sellers and buyers , II. provide incentives to sellers and buyers a. I only b. II only c. both I and II d. neither I nor II

Last Answer : c. both I and II

In price discrimination, which section of the market is charged the higherprice?a. the section with the richest peopleb. the section with the oldest peoplec. the section with the most inelastic demandd. the section with the most elastic demand

Description : In price discrimination, which section of the market is charged the higherprice? a. the section with the richest people b. the section with the oldest people c. the section with the most inelastic demand d. the section with the most elastic demand

Last Answer : c. the section with the most inelastic demand

. In order to practice price discrimination, which of the following is needed? a. some degree of monopoly power b. an ability to separate the market c. an ability to prevent reselling d. all of the above

Description : . In order to practice price discrimination, which of the following is needed? a. some degree of monopoly power b. an ability to separate the market c. an ability to prevent reselling d. all of the above

Last Answer : d. all of the above

In a monopoly market, an upward shift in the market demand results in a new equilibrium with A.A higher quantity and a lower price B.A higher quantity and the same price C.A higher quantity and higher price D.All of the above

Description : In a monopoly market, an upward shift in the market demand results in a new equilibrium with A.A higher quantity and a lower price B.A higher quantity and the same price C.A higher quantity and higher price D.All of the above

Last Answer : C.A higher quantity and higher price

NIFTY is associated with (1) Cloth Market Price Index (2) Consumer Price Index (3) BSE Index (4) NSE Index

Description : NIFTY is associated with (1) Cloth Market Price Index (2) Consumer Price Index (3) BSE Index (4) NSE Index

Last Answer : NSE Index

The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Description : The term ‘Dumping’ refers to (1) The sale of a sub-standard commodity (2) Sale in a foreign market of a commodity at a price below marginal cost (3) Sale in a foreign market of a commodity just at marginal cost with too much of profit (4) Smuggling of goods without paying any customs duty

Last Answer : Sale in a foreign market of a commodity at a price below marginal cost

Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies

Description : Under flexible exchange rate system, the exchange rate is determined by (1) the Central Bank of the country (2) the forces of demand and supply in the foreign exchange market (3) the price of gold (4) the purchasing power of currencies 

Last Answer :  the forces of demand and supply in the foreign exchange market