Fundamentals of Economics MCQs
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Q 1. The average _________ and output have inverse functional relationship.
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Q 2. Law of Variable Proportions was developed by _____________
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Q 3. Production creates _________ utility.
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Q 4. If the proportionate change in the supply is equal to the proportionate change in price, it is said to be _______ supply.
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Q 5. ______ means the desire backed by the necessary purchasing power.
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Q 6. Income minus Savings is equal to ___________
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Q 7. Wealth was defined by
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Q 8. In India, Central Bank was established in _________
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Q 9. __________ account can be opened by business persons only.
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