GK Economics Test 8

GK – Economics Test – 02

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


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


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


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


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


6. Development means economic growth plus


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


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


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


10. When average cost increases marginal cost is


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