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

 
 
 
 

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