Q. Marshallian approach is popularly known as -
1) Cardinal utility approach
2) Ordinal utility approach
3) The modern utility approach
4) Indifference curve approach
Q. The sign of country's growth is -
1) More and more industries
2) Higher standard of living
3) Higher per capita income
4) More means of transport
Q. If the total production in an economy is produced by a few big firms then this market is known as -
1) Monopolistic competition
2) Oligopoly
3) Duopoly
4) Discriminating monopoly
Q. One of the following is average of second order -
1) Arithmetical mean
2) Geometrical mean
3) Second quartile
4) Standard deviation
Q. Borrowings from foreigners are known as -
1) Export of goods
2) Unrequited receipts
3) Capital receipts
4) Current receipts
Q. The shape of a frequency curve can not be -
1) U shaped
2) V shaped
3) J shaped
4)
S shaped
Q. Human capital consists of -
1) Number of total workers in an economy
2) Educated, trained and healthy workers
3) Number of qualified persons
4) Number of persons over 14 years of age
Q. Producer's surplus is equal to the difference between -
1) Price and marginal cost
2) Price and marginal utility
3) Average cost and marginal cost
4) Total cost and marginal cost
Q. The rate of inflation in India is measured generally in respect of movement in -
1) Consumer price index
2) Wholesale price index
3) Cost of living index for agriculture labour
4) Money supply
Q. Mean Deviation is always -
1) Equal to standard deviation
2) Less than the standard deviation
3) More than the standard deviation
4) Twice of the standard deviation
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