1. National Income refers to:A) Total money in circulationB) Money value of all final goods & services produced in a…
Browsing: Economics
1. The cost incurred on variable factors of production is called:A) Fixed CostB) Variable CostC) Total CostD) Marginal CostAnswer: BExplanation:…
1. The Law of Demand states that, other things being equal:A) Demand increases with priceB) Demand decreases with priceC) Supply…
1. The term “Economics” is derived from which language?A) LatinB) GreekC) FrenchD) SanskritAnswer: B) GreekExplanation: The word “Economics” comes from…
[HDquiz quiz = “5608”]
1. Which one of the following forms the largest share of deficit of Government of India Budget? A. Primary deficit…
1. Recently, which country’s player James Anderson retired from International Cricket ? A. Australia B. England C. New Zealand D.…
1. Which of the following is the main differentiation between the small scale units and large scale units? A. The…
[HDquiz quiz = “5586”]
1. The first five-year plan of India started in? A. 1951 B. 1952 C. 1949 D. 1950 ANSWER & SOLUTION…