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GK - Economics Test - 01


1. An indifference curve for an individual consumer represents graphically


2. Expenditure on which of the following is, not considered investment in the theory of income determination ?


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


4. Disguised unemployment is the prominent feature of


5. VAT scheme is ex~ected to



6. Development means economic growth plus


7. Perfect competition is said to exist if


8. A Firm will shut down rather than carry on producing in the short run if


9. Which one of the following is not a flow concept ?


10. Under perfect competition and liorl run, a firm would continue to produce, provided


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