The equilibrium price is the price at which

(a)

Everything is sold

(b)

Buyers spend their money

(c)

Quantity demanded equals quantity supplied

(d)

Exess demand is zero

The author of scarcity definition

(a)

Marshall

(b)

Adamsmith

(c)

J.M. Keynes

(d)

Lionel Robbins

Points outside the PPC are

(a)

attainable with existing technology

(b)

not attainable with the existing resources and technology

(c)

inefficient

(d)

suggest that the country's factors are under employed

In case of relatively more elastic demand the shape of the curve is

(a)

Horizontal

(b)

Vertical

(c)

Steeper

(d)

Flatter

There are __________ kinds of elasticity of demand.

(a)

Two

(b)

Three

(c)

Four

(d)

Five

Mention the economies reaped from inside the firm

(a)

financial

(b)

technical

(c)

managerial

(d)

all of the above

The __________ is an important component in analysing producer's behaviour.

(a)

Iso-quant curve

(b)

Iso-cost line

(c)

Production function

(d)

Elasticity of supply

"Perfect competition prevails when the demand for the output of each producer is perfectly elastic" says__________________.

(a)

Joan Robinson

(b)

Edward Chamberlin

(c)

John Maynard Keynes

(d)

Prof. Clark

The new Industrial Policy of 1991 has abolished_______.

(a)

Monopoly

(b)

Restrictive trade practice

(c)

Both 'a' and 'b'

(d)

'b' only

Which district in TN has the highest sex ratio?

(a)

Nagapattinam

(b)

Nilgiris

(c)

Tiruchirappalli

(d)

Thanjavur