General Knowledge MCQs & Hindi GK Quizzes

Question #69263

An exceptional demand curve is one that moves?

A Upward to the right

B Downward to the right

C Horizontally

D Vertically

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Question #69262

A fall in demand or rise in supply of a commodity?

A Increases the price of that commodity

B Decreases the price of that commodity

C Neutralizes the changes in the price

D Determines the price elasticity

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Question #69261

When average cost of production falls, marginal cost of production must be?

A Rising

B Falling

C Greater than the average cost

D Less than the average cost

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Question #69260

The ‘law of demand’ expresses?

A Effect of change in price of a commodity on its demand

B Effect of change in demand of a commodity on its price

C Effect of change in demand of a commodity over the supply of its substitute

D None of the above

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Question #69259

For price discrimination to be successful, the elasticity of demand for the product in the two markets should be?

A same

B different

C constant

D zero

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Question #69258

Extension or contraction of quantity demanded of a commodity is a result of charge in the?

A Unit price of the commodity

B Income of the consumer

C Tastes of the consumer

D Climate of the region

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Question #69257

‘Interest is a reward for parting with liquidity for a specific period’ is according to?

A Keynes

B Marshall

C Haberler

D Ohlin

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Question #69256

Production function expresses?

A Technological relationship between physical inputs and output

B Financial relationship between physical inputs and output

C Relationship between finance and technology

D Relationship between factors of production

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Question #69255

Who said, ‘Economics is the Science of Wealth’?

A Adam smith

B Robbin

C J.S. Mill

D Keynes

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Question #69254

What is needed for creating demand?

A Production

B Price

C Income

D Import

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