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General Economics Test Questions
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General Economics Test Questions
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25 Questions

1. The ‘point of inflection’ come in which stage of the law of variable proportions
2. Economies of scale refers to:
3. Pick the odd one out:
4. The type of unemployment more prominent in India is:
5. GNP measured in terms of current market prices is called:
6. Firms owned by one individual is known as
7. Say’s Law of market was proved wrong by:
8. Under the classical system, the equilibrium will be at:
9. Returns to scale examines the production function in the:
10. Other things remaining the same, the quantity of a product demanded increases with -----------..in price.
11. Partial equilibrium analysis come under:
12. In short-run
13. If the supply curve of the commodity is having a positive slope, a rise in the price of the commodity, results in:
14. NNP is equal to:
15. An accounting year in India is:
16. Which one of the following is not related to economies of scale:
17. Who repudiated Say’s law of market?
18. The targeted growth rate of agriculture in the 11 th Five Year Plan:
19. According to Keynes, unemployment is due to:
20. According to Mixed Recall period India’s Poverty in 2004-05 is
21. Marginal product of a factor is
22. For complementary goods, the cross elasticity of demand:
23. The want satisfying power of a commodity:
24. Which one of the following is an example of fixed input
25. The first estimate of National income in India was done by:

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