Yak Ssc Cgl 2017 Particular : Economic Science Quiz From Previous Papers

1. Which of the next well-nigh closely approximates our Definition of oligopoly ?
1. the cigarette industry
2. the hairdresser shops
3. the gasoline stations 
4. wheat farmers
2. One of the essential weather condition of perfect contest is :
1. product differentiation
   
2. multiplicity of prices for identical products at whatever i time
3. many sellers together with a few buyers
4. only i cost for identical goods at whatever i time
3. The theory of distribution relates to which of the next ?
1. the distribution of assets
2. the distribution of income
3. the distribution of ingredient payments
4. equality inwards the distribution of the income together with wealth
4. If an manufacture is characterized past times economies of scale then
1. barriers to entry are non rattling large
2. long run unit of measurement costs of production decreases equally the quantity the theatre produces increases
3. capital requirement are pocket-size due to the efficiency of the large scale operation 
4. the costs of entry into the marketplace position are probable to live substantial 
5. Movement along the same need bend is known as
1. extension together with contraction of demand  
2. increase together with decrease of demand
3. contraction of supply 
4. increase of supply
6. When at that spot is a modify inwards need leading to a shift of the Demand Curve to the right, at the same cost equally before, the quantity demanded will 
1. decrease
2. increase
3. remain the same
4. contract
7. The income elasticity of need beingness greater than one, the commodity must be
1. a necessity
2. a luxury
3. an inferior good
4. none of these
8. When at that spot is i buyer together with many sellers thence that province of affairs is called
1. monopoly
2. single buyer right
3. down right
4. double buyers right
9. The stair out of a worker's existent wage is 
1. the modify inwards his productivity over a given time
2. his earnings later on deduction at source
3. his daily earnings
4. the purchasing mightiness of his earnings
10. Average Revenue means
1. the revenue per unit of measurement of commodity sold
2. the revenue from all commodities sold
3. the lucre realized from the marginal unit of measurement sold 
4. the lucre realized past times sale of all commodities 
11. Economic rent refers to 
1. payment made for the purpose of labour
2. payment made for the purpose of capital
3. payment made for the purpose of organization 
4. payment made for the purpose of land
12. If the cost of an inferior practiced falls, its demand
1. rises
2. falls
3. remains constant 
4. can live whatever of the above
13. The Marginal Utility Curve slopes downward from left to correct indicating
1. a straight human relationship betwixt marginal utility together with the stock of commodity
2. a constant human relationship betwixt marginal utility together with the stock of commodithy 
3. a proportionate human relationship betwixt marginal utility together with the stock of commodity
4. an inverse human relationship betwixt marginal utility together with the stock of commodity
14. In equilibrium, a perfectly competitive theatre volition equate 
1. marginal social cost amongst marginal social benefit
2. market provide amongst marketplace position demand
3. marginal lucre amongst marginal cost
4. marginal revenue amongst marginal cost
15. Equilibrium is a status that can
1. never change
2. change exclusively if about exterior ingredient changes
3. change exclusively if about internal ingredient changes
4. change exclusively if regime policies change
16. Entrepreneurial mightiness is a particular sort of labour that
1. is hired out to firms at high wages
2. organizes the procedure of production
3. produces novel working capital missive of the alphabet goods to earn interest
4. manages to avoid losses past times continual innovation
17. Transfer earning or option cost is otherwise known as
1. variable cost
2. implicit cost
3. explicit cost
4. opportunity cost (economic cost)
18. Demand of commodity mainly depends upon ____________
1. purchasing will
2. purchasing power
3. tax policy
4. advertisement
19. Equilibrium cost means
1. price determined past times need together with supply
2. price determined past times cost together with profit
3. price determined past times cost of production
4. price determined to maximize profit 
20. When marginal utility is zero, the full utility is 
1. minimum
2. increasing
3. maximum
4. decreasing

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