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 concept of consumer's surplus is associated with

(a)

Adam Smith

(b)

Marshall

(c)

Robbins

(d)

Ricardo

Cobb - Douglas production function assumes

(a)

Increasing returns to scale

(b)

Diminishing returns to scale

(c)

Constant returns to scale

(d)

All of the above

India bags the ___ in terms of nominal gross domestic product.

(a)

Sixth position

(b)

Seventh position

(c)

Third position

(d)

First position

Give an example for main gold region in India _____

(a)

Kolar Gold field

(b)

Hutli Gold field

(c)

Ramgiri Gold field

(d)

All the above

In terms of, size of population, India ranks___________ in the world

(a)

Second

(b)

Third

(c)

Fourth

(d)

Sixth

The person who was called as "The Green Gandhian" by Historian Ramachandra Guha was ____________.

(a)

J.C. Kumarappa

(b)

V.K.R.V. Rao

(c)

Jawaharlal Nehru

(d)

Amartya Kumar Sen

Ryotwari System was introduced by _______

(a)

Lord Cornwallis

(b)

Lord William Bentinck

(c)

Sir Thomas Munro and Captain Alexander Reed

(d)

All of these

The industrial policy of 1956 sought to give dominant role to ____________ sector.

(a)

Private

(b)

public

(c)

corporate

(d)

none

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