LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Select The Blank

Question The equilibrium price refers to the price at which demand and
supply are ________.
Correct Answer Equal

Your Answer Equal

Multiple Choice Single Answer

Question Pure public goods are subject to the law of decreasing average
cost, because of the :-
Correct Answer Economies of scale

Your Answer Diseconomies of scale

Select The Blank

Question Problems regarding economy’s capacity to produce goods and
services growing from year to year or is it remaining static are
the topics in the Theory of ________.
Correct Answer Economic growth

Your Answer Economic growth

Match The Following

Question Correct Answer Your Answer

Human wants unlimited unlimited

General Theory of J. M. Keynes J. M. Keynes

Employment, Interest and
Money
Managerial economics Decision making and Decision making and
forward planning forward planning
Resources scarce scarce

Commodities goods and services goods and services

Multiple Choice Multiple Answer

Question Different types of business organizations are :-

Correct Answer Private sector , Public sector , Joint sector

Your Answer Private sector , Public sector , Joint sector

Select The Blank

Question "Macro economics deals with economic affairs in the large; it
concerns the overall dimensions of economic life”. This definition
is given by ________.
Correct Answer Prof. Ackley

Your Answer Prof. Keynes