Economics MCQ Questions and Solutions with Explanations | Commerce

A. Only Land

B. Only Capital

C. Both Land & Capital

D. Neither Land nor Capital

A. Price of commodity is an independent variable

B. Quantity demanded is a dependent variable

C. Reciprocal relationship is found between price and quantity demanded

D. All of the above

A. Zero

B. Negative

C. Infinite

D. Positive

A. Both agriculture and industry are equally promoted by the state

B. There is co-existence of public sector along with private sector

C. There is importance of small scale industries along with heavy industries

D. Economy is controlled by military as well as civilian rulers

A. Minimum

B. Average

C. Zero

D. Negative

A. Power to satisfy a want

B. Usefulness

C. Willingness of a person

D. Harmfulness

A. Increasing

B. Maximum

C. Falling

D. Minimum

A. Preparation of the plan

B. Implementation of the plan

C. Financing of the plan

D. None of the above

A. Zero

B. Positive

C. Maximum

D. Negative

A. Value in use

B. Value in exchange

C. Both of above

D. None of above