Economics MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11 Section 12 Section 13 Section 14 Section 15 Section 16

91.
If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is

A. 90

B. 90.9

C. 95

D. 110

Answer & Solution Discuss in Board Save for Later

92.
Law of substitution is another name for law of

A. Law of diminishing MU

B. Law of Equi-MU

C. Law of demand

D. Satisfaction

Answer & Solution Discuss in Board Save for Later

93.
As output increases, AC curve

A. Falls

B. Rises

C. Remains constant

D. All of the above

Answer & Solution Discuss in Board Save for Later

94.
Identify the work of Irving Fisher

A. A Treatese on Money

B. Policy against Inflation

C. The Making of Index numbers

D. Monetary Theory

Answer & Solution Discuss in Board Save for Later

95.
Professor Knight is famous for his theory of

A. Rent

B. Profit

C. Population

D. Wages

Answer & Solution Discuss in Board Save for Later

96.
When Marginal Utility is positive, Total Utility

A. Increases

B. Decreases

C. Remains constant

D. Is highest

Answer & Solution Discuss in Board Save for Later

97.
The three broad types of productive resources are

A. Money, profit and interest

B. Capital, labour and natural resources

C. Bond, stock shares and deposits

D. Technology, human capital and markets

Answer & Solution Discuss in Board Save for Later

98.
Economic development of a country requires

A. Skilled labour

B. Diplomacy

C. Abundant natural resources

D. a' and 'c' both

Answer & Solution Discuss in Board Save for Later

99.
Profits are

A. Residual payment

B. Pre-determined

C. Fixed contract

D. Always higher than wages

Answer & Solution Discuss in Board Save for Later

100.
Diminishing marginal utility is the basis of

A. Law of supply

B. Law of demand

C. Law of returns

D. None of the above

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

Economics MCQ Questions and Solutions with Explanations | Commerce

91. If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is

Answer & Solution

92. Law of substitution is another name for law of

Answer & Solution

93. As output increases, AC curve

Answer & Solution

94. Identify the work of Irving Fisher

Answer & Solution

95. Professor Knight is famous for his theory of

Answer & Solution

96. When Marginal Utility is positive, Total Utility

Answer & Solution

97. The three broad types of productive resources are

Answer & Solution

98. Economic development of a country requires

Answer & Solution

99. Profits are

Answer & Solution

100. Diminishing marginal utility is the basis of

Answer & Solution

Read More Section(Economics)

91.
If rate of interest is 10%, the PV (present value) of Rs.100 received in 1 year's time is

92.
Law of substitution is another name for law of

93.
As output increases, AC curve

94.
Identify the work of Irving Fisher

95.
Professor Knight is famous for his theory of

96.
When Marginal Utility is positive, Total Utility

97.
The three broad types of productive resources are

98.
Economic development of a country requires

99.
Profits are

100.
Diminishing marginal utility is the basis of