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1 310
A perfectly competitive firm will shut down in the short run if
it incurs an economic loss
normal profit is greater than zero
total revenue is greater than total costs
total costs are greater than total revenue
total revenue is less than total variable costs
Answer:5
1 310
The basic difference between macroeconomics and microeconomics is that
a. macroeconomics looks at the forest (aggregate markets), while microeconomics is concerned with the individual trees (subcomponents).
b. macroeconomics is concerned with policy decisions, while microeconomics applies only to theory.
c. microeconomics is concerned with the forest (aggregate markets), while macroeconomics is concerned with the trees (components).
d. opportunity cost is applicable to macroeconomics, and the fallacy of composition relates to microeconomics.
Answer:A
1 310
Economic choice and competitive behavior are the result of
a. basic human greed.
b. poverty.
c. private ownership of resources.
d. scarcity.
Answer:D
1 310
Where is the Headquarter of NABARD?
(a) Delhi
(b) Kolkata
(c) Mumbai
(d) Chandigarh
Answer:B
1 310
Where is the Headquarter of NABARD?
(a) Delhi
(b) Kolkata
(c) Mumbai
(d) Chandigarh
Answer:C
1 310
Who is called the father of Operation Flood in India?
(a) Verghese Kurien
(b) M.S. Swaminathan
(c) Norman Borlaug
(d) Vinoba Bhave
Answer:A
1 310
Which of the following sector is not covered under the Bharat Nirman Programme?
(a) Health & Nutrition
(b) Irrigation
(c) Roads
(d) Housing
Answer:A
1 310
What is liquidity?
(a) The degree to which an asset or security can be quickly bought or sold in the market.
(b) Ability of the government to increase tax base
(c) How easily an individual get loan from the banks
(d) None of these
Answer:A
1 310
Who designed the symbol of Indian rupee?
(a) Rakesh kumar
(b) Udit raj
(c) D. Uday kumar
(d) Dr. Raj kumar
Answer:C
1 310
Who imposes corporation tax in India?
(a) State govt.
(b) Central govt.
(c) State and central both
(d) Local govt.
Answer:B
1 310
Inflation is situation in which…………………………..
(a) Value of money decreases
(b) Value of money increases
(c) First increases then decreases
(d) First decreases then increases
Answer:A
1 310
Who among the following presented the first budget (interim) of Independent India?
a) Manmohan Singh
b) Jawaharlal Nehru
c) R K Shanmukham Chetty
d) N.D. Tiwari
Answer: C
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