Economics Quizz

Economics Quizz

12th Grade

39 Qs

quiz-placeholder

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Economics Quizz

Economics Quizz

Assessment

Quiz

Others

12th Grade

Hard

Created by

Vishwajeet Naik

FREE Resource

39 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The amount which a factor unit will earn in its next best alternative employment.

(A)

(B)

(C)

(D)

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The type of goods in which income effect is positive and price effect is negative are

Substitute goods

Complimentary goods

Opportunity cost

Total cost

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

If a firm has TR =50 and TC=30. Then what will be the profit?

80

60

None of the above

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When the percentage change in both supply and price is equal then what would be the elasticity of supply?

Greater than 1

Unit elastic

Less than one

Equal to zero

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not an example of a Microeconomic variable?

Income of a Consumer

Supply of a commodity by a firm

Demand for a commodity by a family

National income

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a firm sells a larger quantity at uniform price, then, Total Revenue:

increases at a falling rate

increases at a rising rate

increases at a Constant rate

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not included in M,?

Cash currency held by the public

Other deposits with RBI

National savings certificates

Demand deposits at banks

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