Home (current)
Categories
Tests

Practice Questions

You have a new notification.

Someone mentioned you in a Question

Question 281

He walked on and found an empty seat to sit ___

a) on
b) in
c) up
d) over

Answer

Question 282

Which state in India had the highest population as per the 2011 census?

a) Uttar Pradesh
b) Punjab
c) West Bengal
d) Himachal Pradesh

Answer

Question 283

Economic activities in a market economy are controlled by

a) Market Forces
b) Institutions
c) The government
d) Central Authorities

Answer

Question 284

Less production of capital goods mean

a) Higher production capability for present generation
b) Higher production capacity for future generation
c) Lower production capability for present generation
d) Lower production capacity for future generation

Answer

Question 285

A consumer will purchase more good x than good y if

a) MUx/Px = Mum
b) MUx/Px < Muy/Py
c) Muy/Py=Mum
d) MUx/Px > Muy/Py

Answer

Question 286

Different quantities purchased at different prices of a commodity is called

a) Demand Schedule
b) Quanty Demanded
c) Demand Function
d) Individual Demand

Answer

Question 287

What is the main function of a price ceiling?

a) To Prevent shortage in Market
b) To ensure producers make profit
c) To establish a maximum price for a good and service
d) To encourage competition among producers

Answer

Question 288

Which market structure is characterized by a large number of sellers, differentiated products, and easy entry and exit?

a) Perfect competition.
b) Monopoly.
c) Oligopoly
d) Monopolistic competition

Answer

Question 289

What does elasticity of demand measure?

a) The change in quantity demanded in response to a change in price
b) The total revenue of a producer
c) The change in price in response to a change in quantity demanded.
d) The consumer surplus in the market

Answer

Question 290

In the short run, a perfectly competitive firm will continue to produce as long as:

a) Total revenue is greater than total cost.
b) Marginal revenue is greater than marginal cost.
c) Average total cost is at its minimum point.
d) Price is greater than average variable cost.

Answer

Prev Stack
28
29
30
Next Stack

Question Quick Links

About

Exam Deewana is a platform created by IIM grads to help students prepare for CUET. We believe education is a basic necessity and should be free for all. Therefore, we have created a free question repository with a place to discuss doubts which is accessible for all

Quick Links

About Us
Contact Us
Privacy Policy