Test Details

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Economics Introduction

Intro

Oct 13, 4:00 PM

50 minutes

Oct 13, 4:50 PM

50.0 marks

MCQ

50 questions

Narendra Gurjar

B.COM(HONS.) MA in ECONOMICS

Class Details

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Question Text

Question 2 :
$$25$$ point reduction in CRR has increased money supply is a ____________ statement.

Question 3 :
To study the impact of increase in CRR on inflation is the subject matter of ___________.

Question 4 :
When the rate of money inflation increases then the prices of commodities _____.

Question 7 :
Kautilya or Chanakya, who was in the Mauryan court, wrote the book _________________.

Question 11 :
One of the most important features of land is that its supply is _______.

Question 14 :
If an economy is working at a point left to PPF curve it shows that ______.

Question 16 :
Production is organised by combining land, labour, physical capital and human capital, which are known as _____.

Question 18 :
Economists who are concerned about the behaviour of individual households, firms and industries are studying __________.

Question 22 :
Which of the following would result in a rightward shift of the PPC?

Question 25 :
The factors of production may be defined as resources which help the firms to produce goods or services.

Question 26 :
If a firm is operating at any point inside the PPF, the firm is _______.

Question 29 :
The difference between the positive and normative approach in economics is that ___________.

Question 30 :
Maintaining the production of one goods at the same level and increasing the production of other goods is possible only ______.

Question 34 :
Which of the following cannot be treated as a factor of production?

Question 36 :
The raw material received directly from nature become a part of _______ sector.

Question 37 :
If production possibility curve is a straight horizontal line it means _______.

Question 40 :
Any point beyond the PPF is not attainable due to ______.

Question 41 :
If an economy is producing a combination of goods that lies below PPC, it shows ____________.

Question 44 :
If there is a production method with improved efficiency, holding all else constant, ______.

Question 45 :
Which of the following cannot be accepted as a factor of production?

Question 47 :
All the human activities undertaken for earning money and spending money are considered as ___ activities

Question 48 :
Resources used by businesses to produce goods and services whether durable or non-durable are known as _______.

Question 49 :
The collection of institutions, laws, activities, controlling values, and human motivations that collectively provide a framework for economic decision-making is known as _________.

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