ExamVeda
Login
Home

Economics MCQ Questions and Solutions with Explanations | Commerce

Economics MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Economics MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-5 section-8

Each section contains 100 MCQs on Economics .
41
The statement that the law of diminishing returns is applied to all fields of production was stated by
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
42
Match the following.
List-I List-II
a. Convexity of the indifference curve to origin 1. Indifference curve analysis
b. Quantity of certain goods sacrificed for a large quantity of other goods 2. Consumer's equilibrium
c. Equality of the ratio of the marginal utilities with that of the prices of the two goods 3. Substitutability/Complementarity of the two goods
d. Separation of substitution and income effects from the total price effect 4. Marginal rate of substitution
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
43
Suppose, there is a situation where two individuals are engaged in exchange and if individual 1 is a price-maker and individual 2 is a price-taker, equilibrium
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
44
Which of the following statement is correct?
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
45
Infrastructural facilities in India do not include
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
46
Match List-I with List-II and select the correct answer
List-I List-II
a. Adam Smith 1. General Equilibrium
b. Micro-Economics 2. Wealth of Nations
c. Macro-Economics 3. Partial Equilibrium
d. Lord Keynes 4. General Theory of Employment, Interest and Money
Discuss
Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
47
Consider the following statements:
1. A profit-maximizing monopolist in different markets will adjust his sales in the two markets to just equal his MC.
2. A profit-maximizing monopolist in separate market will not adjust his sales.
3. A profit-maximizing monopolist in separate markets will adjust his sales.
4. A profit-maximizing firm in separate markets will adjust his sales in each market so that his MR is less than Me.
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
48
Which of the following statements is true?
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
49
As per the indifference curve and price line, a consumer will not be in equilibrium when
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
50
The risk posed by drought is-
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board