Q. Prime cost is equal to
1) variable cost plus administrative cost
2) Variable cost only
3) Variable cost plus fixed cost
4) fixed cost only
Q. Capital formation in an economy depends on
1) Total Income
2) Total Demand
3) Total Production
4) None of these
Q. The additional made to the total cost when the production of a goods is increased by one unit is
1) average cost
2) marginal cost
3) total cost
4) Implicit cost
Q. The policy which relates to government spending, taxing and borrowing is called
1) Fiscal policy
2) Monetary policy
3) Bank policy
4) Tax policy
Q. Demand in Economics means:
1) Market demand
2) Individual demand
3) Demand backed by purchasing power
4) Aggregate demand
Q. Which of the following is an example of "Foot Loose" industry?
1) Sugar
2) Oil Refinery
3) Software
4) Aluminium
Q. Indian Rupee is fully convertible at -
1) Current Account
2) Capital Account
3) Trade Account
4) None of the above
Q. The most appropriate measure of a country's economic growth is its -
1) Gross Domestic Product(GDP)
2) Net Domestic Product(NDP)
3) Net National Product(NNP)
4) Per Capita Product(PCP)
Q. Which of the following places in India does not have a Stock Exchange?
1) Udaipur
2) Delhi
3) Mumbai
4) Ahmedabad
Q. An individual visiting UAE will have to make his/her payments in which of the following currencies?
1) Baht
2) Peso
3) Dirham
4) Dinar
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