Faculty

General Economics MCQs: 217 Questions & Answers in Faculty

217 General Economics MCQs in Faculty with answers & explanations. Page 10. Practice objective questions for competitive exams, interviews & self-assessment… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

Page 10 of 11

Show answers

Answers hidden — tap an option or use “View Answer” on each question.

181

General Economics MCQs: 217 Questions & Answers in Faculty

From the following which is not a direct tax:

Which of the following are direct taxes:

A tax is:

The basic principle of Public Finance is:

Who propounded the doctrine of sound finance:

Price revenue is popularly known as:

All the accounts of public authority are subject to:

Public finance is said to be:

If the Rupees per Dollar($) exchange rate changes from Rs 44 to 46 in an year by the market force, it implies

The ongoing weakening of Rupee against Dollar will cause

Trade as an engine of growth was propounded by :

An increase in market supply, demand remaining the same causes

A market:

If the amount of the commodity purchased remains unchanged when the price of another commodity changes, the cross elasticity of demand between them will be:

A firm produces 200 units of commodity X by employing 10 workers and 240 units of the same commodity by employing 12 workers. Then the Average Product of the worker is --------

Let a firm employs 5 labourers and produces 120 units of output. When 6 labourers are employed the firm produces 136 units of output. Then the marginal product is ---

Economies of scale refers to:

At the ‘point of inflection’

Production function expresses

Marginal product of a factor is

Study tips for General Economics