GK - Economics Test - 04

1. Which of the following do not enter into marginal casts?

a. direct costs

b. fixed costs

c. prime costs

d. variable costs

2. Equilibrium income is that level at which

a. full emloyment exists

b. actual saving is equal to actual investment

c. the community is spending exactly all of its income on consumption

d. the amount which society wishes to spend on investment is, equo fo the amount of its income' which it does not wish to spend in consumption

3. Which one of the following statements of relationship of national income (Y), consumption (C), and insvestment (I), in the famous model of Keynes, is correct ?

a. Y=C X I

b. Y=C - I

c. Y=C +I

d. Y=C - I

4. A shift to the left of a demand curve could be due to a .

a. rise in the price 'Of a complement

b. rise in the price 'Of a substitute

c. rise in the cansumer's incame

d. fall in the price of the good itself

5. National Income is the

a. Net National Product at market price

b. Net National Product at factor cost

c. Net Domestic Product at market price

d. Net Domestic Product at factor cost

6. In the Keynes model above, which is independent ?

a. investment

b. Consumption

c. National income

d. Consumption and investment

7. A cansumer with a given income will obtain maximum utility when

a. the marginal utility of each commodity is equal

b. the marginal utility of each commodity is in the same ratio to its price

c. the utility derived from, the first unit of each commodity is equal

d. the utility derived fram each commadity is unequal

8. The marginal productivity theory of wages states that

a. wages are determined by the marginal productivity of labour

b. labour receives a wage equal to its marginal physical product

c. the demand far labour determined by the marginal physical product of labour multiplied by its marginal revenue

d. labour receives, a wage equal to the value of its marginal product

9. From the balance sheet of a company, it is possible to

a. Judge the extent of profitability of the company

b. Assess the profitability and size of the company

c. Determine the size and composition of the assets and liabilities of the company

d. Determine the market share debts and assets of the company

10. Secular stagnation refers to

a. a stagnant economy

b. recurring booms and depregslicM! in the economy

c. fluctuations in autonomo investment

d. decrease in the marginal rate of growth in successive period

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

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These leopard spotted jellies are appropriately decorated, considering theyre terrifying predators if youre a plankton. This species, Mastigias papua is known as the spotted jelly or the lagoon jelly. They live in coastal waters in the South Pacific and grow about 5.5 inches (14 to 16 centimeters) in diameter. But what makes spotted jellies really cool is that they grow their own gardens. The jellies get their greenish brown tinge from algae that they harbor. The algae is a handy food source for the jellies. Some of the larger individuals will even keep extra hangers on: Little minnows that live inside the jellyfishs bell until theyre large enough to face the wider ocean.