Economics MCQ Questions and Solutions with Explanations | Commerce

A. Prosperity

B. Depression

C. Recovery

D. Stagnation

A. To ensure the economic progress of the people

B. To run a business

C. To satisfy unlimited wants with limited means

D. To mobilize resources and use them

A. marginal productivities

B. marginal utilities

C. marginal subsidies

D. factor quantities

A. Competitive monopoly

B. Oligopoly

C. Perfect competition

D. All of the above are types of market structures

A. OPEX

B. ODEX

C. PDE

D. None of these

A. will be the first to leave the industry, if the price falls

B. will be the last to leave the industry, if the price falls

C. will be the first to reduce price to continue its business

D. none of the above

A. Origination of Securities

B. Underwriting of Securities

C. Distribution of Securities

D. Administration of Securities

A. There is transitivity in consumer's preferences

B. There is consistency of choice in consumer's behaviour

C. Consumer always behaves rationally to maximise his satisfaction from a given income

D. Consumer prefers a combination of more goods to less in any situation

A. 16

B. 8

C. 4

D. $$\frac{1}{4}$$

A. Is less than the slope of the indifference curve

B. Is greater than the slope of the indifference curve

C. Equals the slope of the indifference curve

D. May be greater than, equal to, or less than the slope of the indifference curve