Ordinal Utility can be measured by

(a)

Ranking

(b)

Numbering

(c)

Wording

(d)

None of these

Giffen goods are classified in to ________and___________ goods.

(a)

Superior

(b)

Inferior

(c)

Both (a) and (b)

(d)

None of the above

Indifference curve has____________.

(a)

positive slope

(b)

negative slope

(c)

no slope at all

(d)

nothing can be said

Which of the following is not a characteristic of land?

(a)

Its limited supply

(b)

Its is mobile

(c)

Heterogeneous

(d)

Gift of Nature

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

Revenue received from the sale of additional unit is termed as _____ revenue.

(a)

profit

(b)

average

(c)

marginal

(d)

total

Costs which involve payment made by the entrepreneur to provide for other factors of production are called _________ cost.

(a)

Explicit

(b)

Implicit

(c)

Variable

(d)

Fixed

Which is the first order condition for the profit of a firm to be maximum?

(a)

AC = MR

(b)

MC = MR

(c)

MR = AR

(d)

AC = AR

FDI is a

(a)

Foreign Direct Investment

(b)

Food Development Investment

(c)

Foreign Domestic Investment

(d)

None

DFEC stands for_____________.

(a)

Direct Foreign Exchange Control

(b)

Direct Finance Exchange Control

(c)

Duty Free Export Credit

(d)

Duty Free Exchange Credit