GK Economics Test 7

GK – Economics Test – 01

Please enter your email:

1. Total revenue of, a firm is ~I~Ixin_ium when marginal revenue

 
 
 
 

2. A producer under monopolistic advertises his product so that it can

 
 
 
 

3. In a capitalist economy, the pattern of output is determined

 
 
 
 

4. Which of the following is more effective to control prices in the long run ?

 
 
 
 

5. Which of the following commodity groups is/are considered for working out average index ?
(i) Fuel groups
(ii) Primary articles
(iii) Manufactured products

 
 
 
 

6. When average cost increases marginal cost is

 
 
 
 

7. Which one of the following is not a flow concept ?

 
 
 
 

8. Under perfect competition and liorl run, a firm would continue to produce, provided

 
 
 
 

9. Which Plan recommended ZeroBased Budgeting (ZBB) as a step to control public expenditure ?

 
 
 
 

10. Development means economic growth plus

 
 
 
 

Question 1 of 10