Economics MCQ Questions and Solutions with Explanations | Commerce

A. demand curve for the factor

B. wages of the factor

C. level of employment of the factor

D. supply of the factor

A. Coffee and milk

B. Diamond and cow

C. Pen and ink

D. Mustard oil and coconut oil

A. To teach a son at home

B. Teaching teacher in the school

C. To serve her child by the mother

D. To play football by a student

A. Below the demand curve and above the price line

B. Above the supply curve and below the price line

C. Above the demand curve and below the price line

D. Below the demand curve and above the supply curve

A. 1984

B. 1991

C. 1995

D. 2000

A. M₄ = M₃ + total deposits of post offices

B. M₃ = M₁ + total deposits of banks

C. M₁ = M₂ + M₃ + M₄

D. M₂ = M₁ + deposit in post office savings account

A. Equal slopes and equal point elasticities

B. Unequal slopes and unequal point elasticities

C. Unequal slopes and equal point elasticities

D. None of the above

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

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

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

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

A. An excess not a cost

B. A cost not an excess

C. Sometimes only one excess/surplus and one cost

D. Neither excess nor cost

A. Positive science

B. Normative science

C. Art

D. All of these