4321.
Under a Command economy
A
State plays a major role
B
Market plays major role
C
Both a & b
D
Neither a nor b
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Under a Command economy
State plays a major role
Market plays major role
Both a & b
Neither a nor b
When marginal product (MP) & average product (AP) both falls
AP lies below MP
AP & MP intersect
MP Lies below AP
None of above
When the price of a complementary of commodity X falls, the demand for X
Falls
Rises
Remains unchanged
Any of the above
which method of data collection covers the widest area?
Telephone Interview
Mailed Questionnaire
Direct Interview
All of these
Which of the following does not have non linear shape?
Total cost curve
Total Variable cost curve
Total fixed cost curve
None of above
Which of the following is an example of external diseconomies?
Lower salary of firm
Higher salary of firm
Tax exemption by Govt.
High Tax Govt. Policy
Which of the following is an example of External economies?
Low salary of firm
tax exemption for industry
High tax for industry
Labour – management disputes of firm
Which of the following is an example of internal diseconomies?
High salary of firm
High tax for industry
Low tax for industry
Labour – management disputes in firm
Which of the following is not a characteristic of labour?
Its inseparable from laborer
It is immobile & passive
It is human efforts
It is rewarded with wages
Which of the following is not considered production in Economics?
Tilling of soil by farmers
Singing a song before friends
Construction of Canal by laborers
Painting a picture for sale
Which of the following is the best formula of the production function?
Q = F (L,L,K,E)
Q = F (L,E)
Q = F (L,L,K,E) T
None of above
Which of the following is the method of measuring elasticity of demand when change in price of a commodity is substantial?
Arc method
Point method
Percentage method
None of these
Which of the following statements is false?
Statistics is derived from the Latin word status
statistics is derived from Italian word statista
statistics is derived from in French word statistik
none
Which one of the following is also known as Long run average cost curve?
Basket Curve
Wallet Curve
Envelope curve
None of above
With which of the following is the concept of marginal cost closely related?
Variable cost
Fixed cost
Opportunity cost
Economic cost
The main objective of communication is
control and management
information and persuasion
skill and personality development
need
A motivated worker does not need much
advice
supervision
encouragement
suggestion
An effort to influence the attitude and feeling of others is
advice
persuasion
suggestion
appreciation
............................ is an authoritative communication
advice
order
persuasion
counseling
Words that have more than one meaning are called as
trigger wards
equivocal terms
jargon
biased language