Fundamentals of Economics

M

Mr. Dubey • 51.17K Points
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Q 31. Cash Money is created by the _________________

(A) Central Bank of a country
(B) Commercial Banks
(C) State Bank of India
(D) Co-operative Banks
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Mr. Dubey • 51.17K Points
Coach

Q 32. ________ refers to the market situations whether there is one seller and there is not close substitute to the commodity sold by the seller.

(A) Perfect Competition
(B) Monopoly
(C) Oligopoly
(D) Monopolistic Competition
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Mr. Dubey • 51.17K Points
Coach

Q 33. In a perfect competition, a firm earns super normal profit when the AR of the firm _____ the ACT of the firm.

(A) equals to
(B) exceeds
(C) is lower than
(D) neither exceeds nor is lower than
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Mr. Dubey • 51.17K Points
Coach

Q 34. Pricing for selling the same commodity at different selling prices is known as ______

(A) Skimming Pricing
(B) Differential Pricing
(C) Penetration Pricing
(D) Cost – Plus Pricing
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Mr. Dubey • 51.17K Points
Coach

Q 35. Which of the following does not characterize monopolistic competition?

(A) product differentiation
(B) many producers
(C) absence of advertising 8
(D) partial control over price
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M

Mr. Dubey • 51.17K Points
Coach

Q 36. Total input is maximum when _____________

(A) MP = 0
(B) MP is increasing
(C) MP is decreasing
(D) MP is constant
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M

Mr. Dubey • 51.17K Points
Coach

Q 37. On the basis of area, markets are classified into _________ types.

(A) 2
(B) 3
(C) 4
(D) 5
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Mr. Dubey • 51.17K Points
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Q 38. ________ refers to the quantity of a commodity which a firm is willing to produce and offer for sale.

(A) Individual Supply
(B) Market Supply
(C) Individual Demand
(D) Market Demand
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Mr. Dubey • 51.17K Points
Coach

Q 39. __________ cost remains constant even if production is stopped.

(A) Fixed
(B) Variable
(C) Semi-Variable
(D) Marginal
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M

Mr. Dubey • 51.17K Points
Coach

Q 40. A Production Function refers to ________________

(A) Scale of production
(B) relationship between resources
(C) relationship between inputs and output
(D) relationship between costs and output
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