Economics Quizz

The amount which a factor unit will earn in its next best alternative employment.

• (A)

• (B)

• (C)

• (D)

The type of goods in which income effect is positive and price effect is negative are

• Substitute goods

• Complimentary goods

• Opportunity cost

• Total cost

If a firm has TR =50 and TC=30. Then what will be the profit?

• 80

• 60

• None of the above

When the percentage change in both supply and price is equal then what would be the elasticity of supply?

• Greater than 1

• Unit elastic

• Less than one

• Equal to zero

Which of the following is not an example of a Microeconomic variable?

• Income of a Consumer

• Supply of a commodity by a firm

• Demand for a commodity by a family

• National income

When a firm sells a larger quantity at uniform price, then, Total Revenue:

• increases at a falling rate

• increases at a rising rate

• increases at a Constant rate

Which of the following is not included in M,?

• Cash currency held by the public

• Other deposits with RBI

• National savings certificates

• Demand deposits at banks

As a lender of the last resort what function does the Reserve Bank perform?

• Manages the bank accounts of the Government.

• Helps commercial banks in a crises

• Maintains the foreign exchange reserve of the country

• Has the exclusive right to issue currency notes.

Which of the following deposits are created by the bank when it gives loans to people?

• Primary deposits

• Secondary deposits

• Non chequeable deposits

• None of the above

Which measurement of money supply has least liquidity?

• M1

• M2

• M3

• M4