Economics MCQ Questions and Solutions with Explanations | Commerce

A. Planning commission

B. Finance ministry

C. Finance commission

D. Reserve Bank of India

A. AR and MC

B. AR and MR

C. MR and MC

D. TR and MC

A. a-1, b-4, c-3, d-2

B. a-2, b-4, c-1, d-3

C. a-4, b-2, c-3, d-1

D. a-1, b-2, c-3, d-4

A. Undistributed profit

B. Fine/tax

C. Consumption of fixed capital

D. Interest

A. Voting of the customers

B. Central planning authority

C. Based on the preference of the customers

D. On the basis of profit of the firm

A. Adam Smith

B. Robinson

C. Marshall

D. George Bernard

A. Rent + Wages + Interest + Profit

B. Market value of the goods

C. Consumption + Savings

D. None of the above

A. In the short run by all the means of production

B. In the long run by all the means of production

C. In the long run by the fixed means of production

D. In the short run by the fixed means of production

A. In the same direction

B. In the opposite direction

C. In an improper

D. Cannot be determined

A. Rs. 59,400

B. Rs. 61,400

C. Rs. 58,600

D. Rs. 63,400