List of practice Questions

Which of the following statements is correct?
What is the type of demand curve of Monopoly?
The slope of the budget line is
Who gave the ordinal theory of utility?
Which of the following is not a fixed cost?
Which of the following inflations is most suitable for an economy?
What is the value of interest rate in ‘Liquidity trap’?
The machine used by the firm is what type of input?
That portion of a bank’s total deposits which the bank keeps in cash to pay to its depositors is called
When does Giffen’s paradox arise?
If marginal rate of substitution is increasing throughout, then the indifference curve will be
How can fiscal and budgetary deficit be reduced?
In the consumption function \( C = \overline{C} + C \cdot Y \), what are \( \overline{C} \) and \( C \) respectively?
The shape of average product curve is
If both the demand and supply curves shift to the right in the same proportion, then
Which one of the following is the result of an increase in price of factors of production?
Freedom of free entry and exit for firms is only possible
When the foreign exchange rate of a country is determined by market forces, then what is this type of exchange rate called?
Which of the following is a danger from fiscal deficit?
When total revenue is constant, what will be the effect on average revenue?
If a firm's total revenue curve takes the form of a straight line which passes through the origin, then
If total revenue is Rs. 1,00,000 when 20,000 units are sold, then the average revenue will be equal to
A firm is able to sell more quantity of a good only by lowering the price. Then what would be firm’s marginal revenue, as it goes on selling?
What is fiscal deficit?
Who among the following gets the benefit of income tax?