Competitive Exams: Economics MCQs (Practice-Test 8 of 122)

  1. Match List I with II and select the correct answer

    List-I List-II
    1. Alfred Marshall

    2. A P Lerner

    3. J R Hicks

    4. William Fellner

    1. competition Among the Few

    2. Economics of control

    3. Capital and Growth

    4. The Principles of Economic

    • A
    • B
    • C
    • D
      • 4
      • 1
      • 3
      • 2
      • 2
      • 3
      • 1
      • 4
      • 3
      • 2
      • 1
      • 4
      • 4
      • 2
      • 3
      • 1
  2. Which one of the following entails minimum expenditure by the government of India?

    1. interest payments

    2. Defence expenditure

    3. Education, art, culture, scientific services and research

    4. Health, family welfare and medical services

  3. In the given diagram, which one of the following areas represents consumer's surplus at a prices of 5?

    1. OADC

    2. OBEC

    3. CEGF

    4. CEH

  4. In the given diagram, ‘A’ represents the combination of two commodities ‘X’ and ‘Y’ purchased by a consumer when the budget line is PP ‘’ B ‘and’ C ‘in the diagram are other combinations of the tow commodities’ X ‘and’ Y ‘The price line RR’ passes through the point ‘A’ For the consumer in question

    1. A is revealed to be preferred to C

    2. B is revealed to be preferred to A

    3. A is revealed to be preferred to B

    4. C is revealed to be preferred to a

  5. In the situation represented in the given diagram, the real income of the consumer.

    1. is lower on the price line PP ‘than on RR’

    2. is the same on price line PP ‘and RR’

    3. is higher on the price line PP ‘than on RR’

    4. on price line PP ‘cannot be compared with that on the price line RR’ for want of adequate data