Microeconomics is concerned with

(a)

The economy as a whole

(b)

Different sectors of an economy

(c)

The study of individual economic units behaviour

(d)

The interactions within the entire economy

Which of the following is a micro economics statement?

(a)

The real domestic output increased by 2.5 percent last year

(b)

Unemployment was 9.8 percent of the labour force last year

(c)

The price of wheat determines its demand

(d)

The general price level increased by 4 percent last year

Which theory is generally included under micro economics?

(a)

Price Theory

(b)

Income Theory

(c)

Employment Theory

(d)

Trade Theory

The movement on or along the given demand curve is known as ______

(a)

Extension and contraction of demand

(b)

shifts in the demand

(c)

increase and decrease in demand

(d)

all the above

Mention the economies reaped from inside the firm

(a)

financial

(b)

technical

(c)

managerial

(d)

all of the above

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

(a)

variable

(b)

fixed

(c)

marginal

(d)

total

Another name of price is _________

(a)

Average Revenue

(b)

Marginal Revenue

(c)

Total Revenue

(d)

Average cost

The concept of 'Quasi-Rent' is associated with

(a)

Ricardo

(b)

Keynes

(c)

Walker

(d)

Marshall

The Classical Theory of Rent was propounded by

(a)

Ricardo

(b)

Keynes

(c)

Marshall

(d)

Walker

Abstinence Theory of Interest was propounded by

(a)

Alfred Marshall

(b)

N.W. Senior

(c)

Bohm-Bawerk

(d)

Knut Wicksell

The weakness of Indian Economy is _____

(a)

Economic disparities

(b)

Mixed economy

(c)

Urbanisation

(d)

Adequate employment opportunities

A scientific study of the characteristics of population is _____

(a)

Topography

(b)

Demography

(c)

Geography

(d)

Philosophy

The problem studied by Ambedkar in the context of Indian Economy is ______________

(a)

Small land holdings and their remedies

(b)

Problem of Indian Currency

(c)

Economics of socialism

(d)

All of them

Gandhian Economics is based on the Principle

(a)

Socialistic idea

(b)

Ethical foundation

(c)

Gopala Krishna Gokhale

(d)

Dadabhai Naoroji

In the first five year plan, the top priority was given to ______ Sector.

(a)

Service

(b)

Industrial

(c)

Agriculture

(d)

Bank

The New Foreign Trade Policy was announced in the year ______

(a)

2000

(b)

2002

(c)

2010

(d)

2015

Financial sector reforms mainly related to____

(a)

Insurance sector

(b)

Banking sector

(c)

Both a and b

(d)

Transport sector

What is the term used to denote the coexistence of two different features in an economy?

(a)

Technology

(b)

Dependency

(c)

Dualism

(d)

Inequality

The process of improving the rural areas, rural people and rural living is defined as

(a)

Rural economy

(b)

Rural economics

(c)

Rural employment

(d)

Rural development

Tamil Nadu is rich in

(a)

Forest resource

(b)

Human resource

(c)

Mineral resource

(d)

All the above

The main source of irrigation in Tamil Nadu is

(a)

river

(b)

tank

(c)

well

(d)

canals

A statement of equality between two quantities is called

(a)

Inequality

(b)

Equality

(c)

Equations

(d)

Functions

(y - y₁) = m(x - x₁) gives the

(a)

Slope

(b)

Straight line

(c)

Constant

(d)

Curve

Data processing is done by

(a)

PC alone

(b)

Calculator alone

(c)

Both PC and Calculator

(d)

Pen drive

The command Ctrl +M is applied for

(a)

Saving

(b)

Copying

(c)

Getting new slide

(d)

Deleting a slide