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GK - Economics Test - 01

1. The surn of the marginal propensity to consume and the marginal propensity to save must be equal to

a. disposable income

b. one

c. the multiplier

d. zero

2. When average cost increases marginal cost is

a. below average cost

b. above average cost

c. equal to average variable cost

d. equal to average cost

3. A firm is said to be of optimum size when

a. average total cost is at a minimum

b. marginal cost is at a minimum

c. marginal cost is equal to marginal revenue

d. the firm is maximising its profit

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

a. by the demand and supply powers

b. by the central authority

c. according to the decisions of the owners of firms

d. according to customs

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

a. it is able to recover its variable costs

b. it is able to recover its total cost

c. its loss does not exceed a specified amount

d. it is able to recover its fixed costs

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

a. average revenue is less than average total cost

b. total revenue is less than total variable cost

c. marginal revenue is less than niarginal cost

d. price is less than average revenue

7. An indifference curve for an individual consumer represents graphically

a. the quantities of one good which are equal to quantities of another good

b. the way in which a consumer spends his income on two goods

c. the possible combination of two goods which he can buy with his income

d. combinations of two goods which have the same marginal utility

8. Which Plan recommended ZeroBased Budgeting (ZBB) as a step to control public expenditure ?

a. Fifth Plan

b. Sixth Plan

c. Seventh Plan

d. Eighth Plan

9. Select from the following list the costs which are most likely to vary with the output of a car manufacturer during a period of a year.

a. The salary of the managing director

b. The rent of the factory

c. The wages of the workers in the paint shop

d. The interest paid on a loan used for general purposes

10. An upward and leftward movement of an upward-sloping supply curve for a commodity could be caused by all of the following, except

a. the imposition of an excise tax

b. a shift of tastes in favour of the product

c. a fall in productivity

d. a rise in production costs

General Knowledge

1. World Geography -Test-01

2. World Geography -Test-02

3. World Geography -Test-03

4. Geography of India -Test-01

5. Geography of India -Test-02

6. Geography of India -Test-03

7. Geography of India -Test-04

8. Geography of India -Test-05

9. History of India - Test - 01

10. History of India - Test - 02

11. History of India - Test - 03

12. History of India - Test - 04

13. History of India - Test - 05

14. History of India - Test - 06

15. History of India - Test - 07

16. INM-Test-01

17. INM-Test-02

18. INM-Test-03

19. INM-Test-04

20. INM-Test-05

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Benefits of Dill Seeds

Unique perennial herbal plant

Dill weed is a really unique perennial herbal plant that we grow at Home Farm Herbery not only for its leaves but also for its seeds since both are used as a seasoning and then of course we also let some go to seed to share it with our on line store friends. Dill is a member of the Umbelliferae family a large group of flowering herbs and spices which include caraway parsley cumin fennel etc.

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