Please select a subject first
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______ is shown by Nominal GDP.
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Identify the correct pair of items from the following Columns I and II:
| Column I | Columns II |
| 1. MC cuts AC | (a) MC is greater than AC. |
| 2. Derived from TC | (b) Opportunity cost |
| 3. When AC falls | (c) MC is lower than AC. |
| 4. When AC rises | (d) At its minimum points. |
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In a system of flexible exchange rates, the exchange rate is determined by the forces of ______
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Assertion (A): MRS is defined as the amount of good Y given up in exchange for good X such that the total utility is constant.
Reason (R): Diminishing MRS means the consumer wants to give up lesser units of Y in exchange for good X.
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Which of the following statement is true:
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______ shows the functional relationship between output and cost of production.
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Real GDP is considered as an index of:
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The difference by which actual Aggregate Demand exceeds the Aggregate Demand, required to establish full employment equilibrium is known as ______
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Identify the correct pair of items from the following Columns I and II:
| Column I | Column II |
| (1) Opportunity Cost | (a) ) The value of a factor in its next worst alternative use. |
| (2) Explicit Cost | (b) ) The expenses incurred by the producer when the inputs are purchased or hired from the market. |
| (3) Implicit Cost | (c) The value of a factor in its next best alternative use. |
| (4) Hidden Cost | (d) The expenses incurred by the producer when the inputs are purchased or hired from the black market. |
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Which of the following statement is false?
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Which of the following statement is true?
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The primary deficit in a government budget is:
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______ is a tabular representation which shows various quantities of a commodity being supplied at various levels of price.
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The total output generated by the first four units of variable input is 200 units, 350 units, 450 units and 500 units. The marginal product of the third unit of input is:
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Identify the correctly matched pair from Column A to that of Column B:
| Column A | Column B |
| (1) Private Consumption Expenditure | (a) Market Rate of Interest |
| (2) Private Investment Expenditure | (b) Total Expenditure |
| (3) Autonomous Investment | (c) Construction of Roads |
| (4) Aggregate Demand | (d) Level of personal disposable income |
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Point out the merit of the flexible exchange rate.
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______ states that as more and more units of variable factors are combined with the fixed factor, a stage must ultimately come when marginal product of the variable factor starts declining.
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Which of the following statements is incorrect?
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Assertion: With every increase in the level of GDP, social welfare definitely increases in the economy.
Reason (R): GDP is not a true indicator of the welfare of the economy.
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Exchange rate is the price of a currency expressed in terms of:
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