GK Economics Test 13

GK – Economics Test – 03

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1. If a firm is producing an output the marginal cost of which is greater then the marginal revenue,it


2. Bank rate means


3. Private investment will most-likely to be increased as a result of a rise in


4. Currency drain is a phenomenon referresd to when


5. The two-gaps theory refers to


6. The total utihty which a consurner derives from n units of a commodity minus the total utility he derives firom ‘n -1’ unit is


7. If the Indian is making a loss on passenger traffic, it should increase its prices. The suggested remedy would only work if the demand for air travel had a price elasticity of


8. The angency estimating the national income of India is


9. Saving is a function of


10. The goals of monetary policy do not include


Question 1 of 10