Description : A reduction in the number of producers will result in equilibrium price (a) increasing and quantity increasing ; (b) increasing and quantity decreasing ; (c) decreasing and quantity increasing ; (d) decreasing and quantity decreasing
Last Answer : (b) increasing and quantity decreasing ;
Description : A shift outward in supply curve will result in equilibrium price (a) increasing and quantity increasing ; (b) increasing and quantity decreasing ; (c) decreasing and quantity increasing ; (d) decreasing and quantity decreasing
Last Answer : (c) decreasing and quantity increasing ;
Description : TVC curve begins to………with the onset of increasing returns (a) Rise at an increasing rate ; (b) Rise at an decreasing rate; (c) Fall at an Increasing rate ; (d) Stabilize
Last Answer : (b) Rise at an decreasing rate;
Description : TVC curve begins to……….with the onset of diminishing returns (a) Rise at an Increasing rate ; (b) Rise at an decreasing rate; (c) Fall at an Increasing rate ; (d) Stabilize
Last Answer : (a) Rise at an Increasing rate ;
Description : When a firm enters the law of diminishing returns to scale (a) TVC curve begins to fall at an increasing rate (b) TVC curve begins to increase at an increasing rate (c) TVC curve begins to fall at an decreasing rate (d) TVC curve begins to increase at an decreasing rate
Last Answer : (a) TVC curve begins to fall at an increasing rate
Description : Choose the correct statement (a) GPD at fc = GPD mp-IT +S ; (b) GPD at fc = GDP mp-IT –S ; (c) GDP at fc = GDP mp+IT+S; (d) GDP at fc = GDP mp+IT-S
Last Answer : (a) GPD at fc = GPD mp-IT +S ;
Description : Under perfect market conditions a firm is said to be in equilibrium where (a) Total output is equal to total demand ; (b) Profit is the maximum; (c) Where the total revenue is maximum ; (d) Where total average cost is the minimum
Last Answer : (b) Profit is the maximum;
Description : Under perfect market conditions an Industry is said to be in equilibrium where (a) Total output is equal to total demand ; (b) Profit is maximum (c) Where the total revenue is maximum ; (d) Where total average cost is the minimum
Last Answer : (a) Total output is equal to total demand ;
Description : Marginal cost can be equal to Average variable cost when (a) Average variable cost is falling ; (b) Average variable cost is increasing; (c) Average variable cost is constant ; (d) Under any of the above situations
Last Answer : (c) Average variable cost is constant ;
Description : According to traditional approach the factor responsible for operation of downward slope of demand curve are (a) Change in number of consumers ; (b) Law of decreasing marginal utility (c) Alternative uses of goods ; (d) All the three
Last Answer : (d) All the three
Description : Long run supply curve of a decreasing cost industry is (a) Downward sloping curve ; (b) Upward sloping curve; (c) Straight line parallel to X axis ; (d) Straight line parallel to y axis
Last Answer : (a) Downward sloping curve ;
Description : What will happen if a firm in perfect competitive market, increase its output by 50% (a)Total sales revenue will also increase by 50% ; (b) (b)Selling price will come down by 50%; (c)Total sales revenue will decrease by 50% ; (d)Profit will increase by 25%
Last Answer : (a)Total sales revenue will also increase by 50% ;
Description : A natural monopoly has declining – over large range of output (a) Long run average cost ; (b) Short run average cost ; (c) Long run total cost; (d) Long run marginal cost
Last Answer : (a) Long run average cost ;
Description : During inter conversion of energy from one form to other forms, total energy at any time remains– (1) constant (2) zero (3) increasing (4) decreasing
Last Answer : (1) constant Explanation: During interconversion of energy from one form to other forms, total energy at any time remains constant.
Description : Total momentum within a closed system is A. increasing B. decreasing C. zero D. constant
Last Answer : constant
Description : The total energy of each particle at various places in the case of perfect incompressible fluid flowing in continuous stream (A) Keeps on increasing (B) Keeps on decreasing (C) Remain constant (D) May increase/decrease
Last Answer : Answer: Option C
Description : If total production increases in the short run, the total cost will also…….. (a) Increase due to increase in fixed cost ; (b) Increase due to increase in variable cost (c) Increase due to increase in total cost ; (d) Remain constant
Last Answer : (b) Increase due to increase in variable cost
Description : When marginal utility is zero, the total utility is - (1) Minimum (2) Increasing (3) Maximum (4) Decreasing
Last Answer : (3) Maximum Explanation: Marginal utility measures the extra utility (or satisfaction) from consuming an additional unit of a product. Total utility is the total satisfaction from the consumption of the ... in total satisfaction from the consumption of that unit. So the total unit is at maximum.
Description : When marginal utility is zero, the total utility is (1) Minimum (2) Increasing (3) Maximum (4) Decreasing
Last Answer : Maximum
Description : A competitive firm maximizes its total profit when ……………… (a) Average cost equal average realization ; (b) Marginal cost equals Price; (d) Total revenue is the maximum ; (d) MR = AR
Last Answer : (d) Total revenue is the maximum ;
Description : Super normal profits occurs when (a) Average revenue is more than average cost ; (b) Total revenue is maximum; (c) Total cost is minimum ; (d) MC is equal to MR
Last Answer : (a) Average revenue is more than average cost ;
Description : RBI check inflation by (a) Increasing bank rate ; (b) Increasing CRR ; (c) Both ; (d) None
Last Answer : ; (c) Both ;
Description : Point elasticity of demand can be useful in which of the following cases (a) A departmental store is thinking of increasing the price of gift packs (b) A service station is considering to ... to lower the monthly membership fee (d) An airlines company is considering to lower holiday packages
Last Answer : (c) A health club is considering to lower the monthly membership fee
Description : Long run supply curve of a increasing cost industry is (a) Horizontal line overlapping X axis ; (b) Upward sloping line; (c) Downward sloping line ; (d) Vertical line
Last Answer : (b) Upward sloping line;
Description : Any point beyond PPF curve can be attained by (a) Increasing supply of factor inputs ; (b) Technological innovation ; (c) Both ; (d) None
Description : Opportunity cost of increasing production of Gun to 5 units in combination F is –tons of bread (a) 200 ; (b) 100 ; (c) 600 ; (d) 500
Last Answer : (c) 600
Description : Opportunity cost of increasing production of Gun to 4 units in combination E is –tons of bread (a) 200 ; (b) 500 ; (c) 300 ; (d) 400
Last Answer : (b) 500
Description : Opportunity cost of increasing production of Gun to 3 units in combination D is –tons of bread (a) 200 ; (b) 100 ; (c) 300 ; (d) 400
Last Answer : ; (d) 400
Description : PPF is negative sloped due to (a) Scarcity of production resources ; (b) Unlimited wants ; (c) Improvement in technology; (d) Increasing opportunity cost
Last Answer : (a) Scarcity of production resources ;
Description : In addition to three Central problem of economy, the additional problem(s) raised by the Modern economists is / are (a) Are the resources fully utilized or not ; (b) How efficient is the production and ... (c) Whether the capacity to produce or grow is increasing or is static ; (d) All the three
Description : If total product is at its maximum then: (AP= Average product) (MP= Marginal product) (1) AF = 0 (2) AP < 0 (3) MP = 0 (4) AP = MP = 0
Last Answer : (3) MP = 0 Explanation: Total product (TP) is the total output a production unit can produce, using different combination of factors of production. When marginal product =0 (at point D in ... figure given below). Then en as the marginal product becomes negative, the total product starts going down.
Description : If total product is at its maximum then: (AP= Average product) (MP= Marginal product) (1) AP = 0 (2) AP < 0 (3) MP = 0 (4) AP = MP = 0
Last Answer : MP = 0
Description : In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the ... (a) Cyclical unemployment ; (b) Disguised unemployment ; (c) Frictional unemployment (d) Seasonal unemployment
Last Answer : (b) Disguised unemployment ;
Description : A monopoly firm makes more profit because (a) It has ability to choose among price and output combination ; (b) It can discriminate price; (c) It leave the consumer with no consumer surplus ; (d) it acts as a market leader
Last Answer : (a) It has ability to choose among price and output combination ;
Description : Which of these is not a factor of cost function of a product (a) Market price of the product ; (b) Size of the plant ; (c) Output level ; (d) Prices of inputs
Last Answer : (a) Market price of the product ;
Description : If the actual rate of unemployment exceeds to natural rate of unemployment then (a) Actual output of the economy will fall below its potential ; (b) Production will increase more than potential ; (c) Consumption of goods decreases; (d) Both (a) and (c) above.
Last Answer : (d) Both (a) and (c) above.
Description : On the basis of the Keynesian model of output determination, a multiplier of 3 implies that (a) An increase in consumption by `3 will result in an increase in investment by Re. 1 (b) An increase in ... 2 (d) An increase in investment by Re. 1 will result in an increase in consumption by Re. 1
Last Answer : (c) An increase in investment by Re. 1 will result in an increase in consumption by `2
Description : Macroeconomics is concerned with (a) The level of output of goods and services ; (b) The general level of prices ; (c) The growth of real output ; (d) All of the above
Last Answer : (d) All of the above
Description : Which of the following methods is/are used for measuring national income? (a) Output method ; (b) Expenditure method ; (c) Income method ; (d) All of (a), (b) and (c) above.
Last Answer : (d) All of (a), (b) and (c) above.
Description : At a point in a simply supported or overhanging beam where Shear force changes sign and = 0, Bending moment is (a) Maximum (b) Zero (c) Either increasing or decreasing (d) Infinity
Last Answer : (a) Maximum
Description : Enzymes increases the rate of reactions by (A) Increasing the free energy of activation (B) Decreasing the energy of activation (C) Changing the equilibrium constant of the reaction (D) Increasing the free energy change of the reaction
Last Answer : Answer : B
Description : Enzymes increase the rates of reactions by (A) Increasing the free energy of activation (B) Decreasing the energy of activation (C) Changing the equilibrium constant of the reaction (D) Increasing the free energy change of the reaction
Description : Enzymes accelerate the rate of reactions by (A) Increasing the equilibrium constant of reactions (B) Increasing the energy of activation (C) Decreasing the energy of activation (D) Decreasing the free energy change of the reaction
Last Answer : Answer : C
Description : Keeping other parameters constant brake power of diesel engine can be increased by (a) Decreasing the density of intake air (b) Increasing the temperature of intake air (c) Increasing the pressure of intake air (d) Decreasing the pressure of intake air
Last Answer : Ans : c
Description : A ball tied with a string to a rotating shaft revolves at uniform speed. As the shaft is suddenly brought to rest, the string starts getting round the shaft with the angular velocity of the ball (a) increasing (b) decreasing (c) remaining constant (d) becoming zero
Last Answer : Ans:(a)
Description : An object covers distance which is directly proportional to the square of the time. Its acceleration is – (1) increasing (2) decreasing (3) zero (4) constant
Last Answer : (4) constant Explanation: When an object covers distance which is directly proportional to the square of the time, its acceleration is constant. This is seen in the cases of falling objects. This connection between time and distance was first observed by Galileo.
Description : Entropy of the universe is - (1) continuously increasing (2) continuously decreasing (3) zero (4) constant
Last Answer : (1) continuously increasing Explanation: In an irreversible process, entropy always increases, so the change in entropy is positive. The total entropy of the universe is continually increasing.
Description : During size reduction by a jaw crusher, the energy consumed decreases with the (A) Decreasing size of product at constant size of feed (B) Decreasing machine capacity (C) Increasing size of feed at constant reduction ratio (D) None of these
Last Answer : (C) Increasing size of feed at constant reduction ratio
Description : If there is no net force acting on body, then its acceleration is A. zero B. constant C. increasing D. decreasing
Last Answer : zero
Description : Until a force acts on a body, it's velocity is A. zero B. constant C. increasing D. decreasing