Important Questions of Economics General Awareness | Zigya

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281.

The ............. exchange rate is the price of one unit of foreign currency in terms of domestic currency.

  • Artifical

  • Nominal

  • Fixed

  • Real


282.

............ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

  • Marginal Product

  • Production function

  • Total product

  • Average product


283.

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

  • Resource Probability Set

  • Produciton Probability Set

  • Resource Possibility Set

  • Production Possibility Set


284.

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

  • Equilibrium

  • Excess Demand

  • Excess Supply

  • Marginal Revenue


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285.

In India the reform policies were first introduced in which year?

  • 1951

  • 1971

  • 1991

  • 2001


286.

The ........... of a firm is a relationship between inputs and output produced by the firm.

  • Marginal product

  • Production function

  • Total product

  • Average product


287.

A ............ deficit is financed by net capital flows from the rest of the world, thus a capital account surplus.

  • Current Account

  • Savings Account

  • Capital Account

  • Asset Account


288.

.......... is defined as the output per unit of variable unit.

  • Marginal product

  • Production function

  • Total product

  • Average product


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289.

'Taxes on lands and buildings' is listed in the .................. list given in the Seventh Schedule in the Constitution of India.

  • Union

  • State

  • Global

  • Concurrent


290.

The demand for a normal good increases with .......... in the consumer's income.

  • increase

  • decrease

  • constant

  • double


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