Eco 3

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Correct Answer True Your Answer

False

Multiple Choice Multiple Answer Question Features of Oligopoly Market are :Correct Answer Few sellers , Restriction on the entry of new firms , Price leadership Your Answer

Restriction on the entry of new firms , Price leadership , No Advertisement cost

Multiple Choice Multiple Answer Question We say that a nation faces economic problems, under following conditions :Correct Answer Man has unlimited wants or ends , The means or resources to satisfy unlimited wants are limited , These resources are not specific but have alternative uses Your Answer Man has unlimited wants or ends , The means or resources to satisfy unlimited wants are limited , These resources are not specific but have alternative uses Select The Blank Question The ‘fiscal policy’ refers to the variations in taxation and ________. Correct Answer Public expenditure Your Answer

Public expenditure

Select The Blank Question Propensity to consume is defined as the relationship between consumption and ________. Correct Answer Income Your Answer

Income

True/False Question

The congress government led by Narsimha Rao announced the New Industrial Policy in July 1991. Correct Answer True Your Answer

True

True/False Question

The short run Average Cost (A.C.) curve is U shaped.

Correct Answer True Your Answer

False

Select The Blank