Daily MCQ Quiz

Test your knowledge with our daily updated questions.

General Knowledge MCQs

Quiz #69263
An exceptional demand curve is one that moves?
A Upward to the right
B Downward to the right
C Horizontally
D Vertically
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #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
Discuss
Quiz #69255
Who said, ‘Economics is the Science of Wealth’?
A Adam smith
B Robbin
C J.S. Mill
D Keynes
Discuss
Quiz #69254
What is needed for creating demand?
A Production
B Price
C Income
D Import
Discuss