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GK - Economics Test - 01


1. In a capitalist economy, the pattern of output is determined


2. The open market operations refer to the sale and purchase by the RBI of


3. Which of the following is the most likely reason why total income tends to fluctuate ?


4. Which of the folowing businesses would probably find it easiest to borrow money from complete strangers ?


5. Which of the following holders fo a company's issued capital is likely to receive the biggest increase in income if there is a substantial increase in profits ?



6. Total revenue of, a firm is ~I~Ixin_ium when marginal revenue


7. Perfect competition is said to exist if


8. Slationalisation or public control of an industry is often supported by economists because


9. If income is below equilibrium


10. The elasticity of a straight-line demand curve


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