indian economy Interview Questions and Answers
Ques:- _____ refers to all those natural resources or gifts of nature which are provided free to man.
A. Organization
B. Capital
C. Labour
D. Land
Ques:- According Ricardo rent is the payment made for the use of land for its _____ powers.
A. Material
B. Perishable
C. Destructible
D. Original
Ques:- The factors used in production have to be rewarded on the basis for their _____
A. Cost of production
B. Productivity
C. Supply
D. Demand
Ques:- In a _____ economy there is no central coordinator guiding its operation.
A. Traditional
B. Socialist
C. Mixed
D. Capitalist
Ques:- Without use of _____ factor no goods can be produced.
A. Additional
B. Derived
C. Primary
D. Secondary
Ques:- When demand curve is shifted, the price _____
A. Rises
B. Falls
C. Remains constant
D. Changes
Ques:- A successful entrepreneur is one who is ready to accept
A. Deciding the location of the production unit
B. Risks
C. Innovations
D. None of these
Ques:- In _____ period, change in supply in response to change in demand is extremely limited.
A. Very long period
B. Long period
C. Short period
D. Market period
Ques:- At the point of equilibrium _____
A. At the point of equilibrium
B. Quantity demanded = quantity supplied
C. Only one price prevails
D. All the above
Ques:- All desires, takes and motives of human begins are called _____ in economics.
A. Wants
B. Utility
C. Demand
D. Consumption
Ques:- The shape of the exception to the law of demand is _____
A. Vertical
B. Horizontal
C. Upward sloping
D. Downward sloping
Ques:- Co-existence of public and private sector is called _____ economy.
A. Capitalist
B. Traditional
C. Socialist
D. Mixed
Ques:- If total outlay falls for a fall in price such elasticity is called _____
A. Perfectly inelastic demand
B. Elastic demand
C. Inelastic demand
D. Unitary elastic
Ques:- When marginal product is positive, the total product _____
A. Remains constant
B. Is not affected
C. Increases
D. Decreases
Ques:- When total utility increases, marginal utility _____
A. Is maximum
B. Is one
C. Is zero
D. Declines
Ques:- Indifference curve assumes, the consumer has a _____ amount of money to spend on the two goods.
A. Maximum
B. Less
C. More
D. Fixed
Ques:- In economics, we make use of _____
A. Deductive method
B. Inductive method
C. Both
D. None of these
Ques:- The short run production function is called
A. The law of variable proportions
B. The law of return to sale
C. Iso- quants
D. All the above