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Q. ___________ market is the nerve centre of the financial system.

Q. Which one of the following is not a factor of production?

Q. Which one of the following is a feature of a perfect competition?

Q. All the factors of production become variable in the

Q. According to the ‘Law of Demand, demand varies ________ with price.

Q. When excess demand occurs in an unregulated market, there is a tendency for:

Q. Production creates _________ utility.

Q. __________ cost is also known as Alternative Cost.

Q. Economics of scales are divided into ________ types.

Q. If a firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers, then the Average Product of the worker is