GK Economics Test 8

GK – Economics Test – 02

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


2. A producer under monopolistic advertises his product so that it can


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


4. Which of the following is more effective to control prices in the long run ?


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


6. When average cost increases marginal cost is


7. Total revenue of a firm is maxmimum when marginal revenue


8. Which of the following commodity groups is/are considered for working out average index ?
(i) Fuel groups
(ii) Primary articles
(iii) Manufactured products


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


10. Development means economic growth plus


Question 1 of 10