Identify the correct characteristics of utility

(a)

It is equivalent to 'usefulness'

(b)

It has moral significance

(c)

It is same as pleasure

(d)

It depends upon consumer's mental attitude

In the case of two perfect substitutes, the indifference curve will be________________.

(a)

Straight line

(b)

L-shaped

(c)

If-shaped

(d)

C-shaped

_________ of production mean resources used in the process of production of commodities.

(a)

Features

(b)

Assumption

(c)

Factors

(d)

Distribution

The cost incurred by producing one more unit of output is _____  cost.

(a)

variable

(b)

fixed

(c)

marginal

(d)

total

Variable cost + Cost of Administration together known as __________ .

(a)

Transfer cost

(b)

Real cost

(c)

Overhead cost

(d)

Prime cost

Which of the following involves maximum exploitation of consumers?

(a)

Perfect competition

(b)

Monopoly

(c)

Monopolistic competition

(d)

Oligopoly

The firm and industry are one and the same under_______________.

(a)

perfect competition

(b)

duopoly

(c)

oligopoly

(d)

monopoly

Abstinence Theory of Interest was propounded by

(a)

Alfred Marshall

(b)

N.W. Senior

(c)

Bohm-Bawerk

(d)

Knut Wicksell

Higher the risks, the greater are the ________.

(a)

Loss

(b)

Subsidy

(c)

profit

(d)

None of these

A scientific study of the characteristics of population is _____

(a)

Topography

(b)

Demography

(c)

Geography

(d)

Philosophy

The human capital of India is ______

(a)

Old

(b)

Young

(c)

Both 'a' and 'b'

(d)

None of these

When did the Government of India declared its first Industrial Policy?

(a)

1956

(b)

1991

(c)

1948

(d)

2000

Bhilai steel plant was started with the assistance from __________ country.

(a)

Russia

(b)

Germany

(c)

USA

(d)

UK

The Goods and Services Tax Act come into effect on ______

(a)

1^st July 2017

(b)

1^st July 2016

(c)

1^st January 2017

(d)

1^st January 2016

FPI stands for____________.

(a)

Foreign Private Investment

(b)

Foreign Public Investment

(c)

Foreign Portfolio Investment

(d)

None of these

Identify the agriculture related problem of rural economy

(a)

Poor communication

(b)

Small size of landholding

(c)

Rural poverty

(d)

Poor banking network

Most of the villagers are indebtedness to _____________ agencies.

(a)

Private

(b)

Money lenders

(c)

Both (a) and (b)

(d)

None of these

Knitted garment production is concentrated in

(a)

Coimbatore

(b)

Tiruppur

(c)

Erode

(d)

Karur

Mathematical Economics is the integration of

(a)

Mathematics and Economics

(b)

Economics and Statistics

(c)

Economics and Equations

(d)

Graphs and Economics

_______ is a plural form

(a)

Matrix

(b)

Matrices

(c)

Both 'a' and 'b'

(d)

None of these

Define Environmental economics?

Mention the various types of Internal Economies of scale

Explicit Cost - Define.

Define perfect competition.

What is Wage fund theory?

Urbanization is a key ingredient of the growth of any economy - Explain.

State the reasons for implementing LPG.

What are the merits of globalisation? 

What is rural roads and rural transport?

What is MS word?

What are the properties of indifference curves?

Distinguish between internal and external economies

Distinguish between explicit cost and implicit cost.

Mention any three benefits of perfect competition.

Write a note on Risk-bearing Theory of Profit.

State Ambedkar’s Economic ideas on agricultural economics.

Explain the Period of Merchant Capital.

What are the arguments is favour of LPG.

Explain the causes for Rural Backwardness.

Write a note on mineral resources in Tamil Nadu.

1. Changes in Tastes and fashions the demand for some goods and services is very susceptible to change in tastes and fashions?

2. Solve by Cramer's rule
   \(2{ x }_{ 1 }+3{ x }_{ 2 }=7;\)
   \(2{ x }_{ 1 }+{ x }_{ 2 }=5\)

1. Enumerate the contribution of Amartya Kumar Sen to Indian Economy.

2. Give an account of the Iron and Steel industry in India.

1. Describe the salient features of EXIM policy (2015 - 2020)

2. Explain about Agrarian Crisis after reforms.

1. Explain the strong features of Indian economy.

2. Describe the qualitative aspects of population.

1. Examine the Law of Variable Proportions with the help of diagram.

2. Profit is the reward for risk-taking and uncertainty-bearing.

1. Elaborate the nature and scope of Economics.

2. Illustrate price and output determination under Monopoly.

1. What are the methods of measuring elasticity of demand?

2. Relationship between TR, AR, MR and Elasticity of demand.