Introduction To Micro Economics – Indian Economy GK MCQ ( सूक्ष्म अर्थशास्त्र का परिचय )
Enhance your understanding of microeconomics with a comprehensive collection of Multiple Choice Questions (MCQs) sourced from previous year papers of various competitive exams, including UPSC IAS. Test your knowledge, sharpen your analytical skills, and stay updated with the fundamental principles of microeconomics.
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Immerse yourself in a stimulating learning experience as you explore this repository of MCQs. By attempting these questions, you can assess your knowledge, identify areas for improvement, and strengthen your conceptual understanding of microeconomic principles.
Our MCQs cover various topics related to the introduction to microeconomics. Whether you are a student preparing for a competitive exam or an individual interested in understanding the dynamics of market behavior, this resource is a valuable tool. Engage with the questions sourced from previous year papers to stay updated with the fundamental concepts, theories, and applications of microeconomics.
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Introduction To Micro Economics – Indian Economy GK MCQ – Previous Year Questions
Question:
Who is called the Father of Economics?
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Question:
A demand curve will not shift:
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Question:
Which of the following is not an economic problem ?
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The ‘break-even point' is where
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‘Capital gains’ refers to goods which
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If the average revenue is a horizontal straight line, marginal revenue will be
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Cross elasticity of demand between petrol and car is
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Production function refers to the functional relationship between input and ___.
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Knowledge, technical skill, education etc. in economics, are regarded as
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Seller's market denotes a situation where :
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The fixed cost on such factors of production which are neither hired nor bought by the firm is called
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Equilibrium price means
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Division of labour is the result of
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A ‘Market Economy’ is one which
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Which one of the following is having elastic demand ?
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Economies of Scale means reduction in
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As the number of investments made by a firm increases, its internal rate of return
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The term utility means
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“Economics is what it ought to be” - This statement refers to
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Question:
In a Capitalistic Economy, the prices are determined by :
