If the price elasticity of demand is less than one, then the demand for the goods is said to be ______. [CHSL Exam 2022 Tier I]

Competitive behaviour and competitive market structure are _______ related. [CHSL Exam 2024 Tier I]

Which of the following assumptions is made to determine the level of aggregate demand for final goods in the economy?
I. A constant final goods price and constant rate of interest over short run are assumed.
II. The aggregate supply is assumed to be perfectly elastic.
[CHSL Exam 2022 Tier I]

Which of the following statements is correct regarding the features of a perfectly competitive market?
I. The market consists of a large number of buyers and sellers.
II. Information is perfect.

[CHSL Exam 2022 Tier I]

___________ is the change in total utility due to consumption of one additional unit of a commodity. [CHSL Exam 2022 Tier I]

In cost theory, the usual shape of the ________ curve is a rectangular hyperbola. [CHSL Exam 2024 Tier I]

Which of the following statements is correct regarding the demand curve?
I. It is a graphical representation of the demand function.
II. It gives the quantity demanded by the consumer at each price.
[CHSL Exam 2022 Tier I]

Law of Demand states that, there is a negative relationship between ______. [CHSL Exam 2022 Tier I]

If there is a fall in the demand of a good, the equilibrium price is expected to: [CHSL Exam 2024 Tier I]

Macroeconomics deals with which of the following studies?
I. Reasons behind the unemployment of resources
II. Determination of total output
[CHSL Exam 2022 Tier I]

Law of Demand states that, there is a negative relationship between ______. [CHSL Exam 2022 Tier I]

What happens in case of market equilibrium:

(a) Market demand = market supply
(b) There is no excess supply in the market [CHSL Exam 2024 Tier I]

The simultaneous shifts of both the demand curve and the supply curve can happen in which of the following ways?
I. Supply curve shifts leftward and demand curve shifts rightward.
II. Both supply and demand curves shift leftwards.
III. Supply curve shifts rightward and demand curve shifts leftward.
[CHSL Exam 2022 Tier I]

As compared to monopolistic competition, the demand curve in a monopoly is: [CHSL Exam 2024 Tier I]

Which of the following is defined as ’the point at which supply equals demand for a product with the equilibrium price’?
[Constable GD 2021]

According to the law of demand, the consumer’s demand for a good must be ______. [CHSL Exam 2022 Tier I]

If ex ante aggregate demand and ex ante aggregate supply are plotted together in a graphical diagram, then at which point equilibrium will be reached? [CHSL Exam 2022 Tier I]

'Duopoly' is a type of oligopoly in which ________ firms dominate or have exclusive control over a market. [Constable GD 2021]

Which of the following is NOT a feature of a monopoly? [CHSL Exam 2024 Tier I]

Machines, tools and implements, and buildings are examples of which type of goods? [Combined Graduate Level Examination Tier I 2023]

Consider a market structure where the number of firms is large, there is free entry and exit of firms, but the goods produced by them are not homogeneous. Such a market structure is called ______. [Constable GD Examination 2022]

The curve giving the maximum amount of corn that can be produced in the economy for any given amount of cotton and vice-versa. This curve is called the ______. [CHSL Exam 2022 Tier I]

Which of the following statements is correct regarding the production possibility frontier?
I. It gives the combinations between two goods that can be produced when the resources of the economy are fully utilised.
II. It illustrates the production possibilities of the economy.
[CHSL Exam 2022 Tier I]

Which of the following statements is correct regarding the marginal utility of a commodity?
I. It is the change in total utility due to consumption of one additional unit of a commodity.
II. It diminishes with increase in consumption of the commodity.
[CHSL Exam 2022 Tier I]

The production function can be expressed as _____. (where L is labour and C is capital and Q is the maximum output that can be produced) [CHSL Exam 2022 Tier I]

Which type of goods are defined as those that, in the eyes of the consumer, are similar, identical, or comparable to another product and can completely or partially satisfy the same needs of the consumer?
[Constable GD 2021]

Which of the following goods needs further transformation in the economic process? [Combined Graduate Level Examination Tier I]

Which of the following expenses is a part of 'fixed cost' in production of surgical garments?

[RRC GROUP D]

What is the term used for a pricing method in which companies group several products together and sell them at a single price?

[RRC GROUP D]

What is the long run production function?

[RRC GROUP D]

Which of the following statements is correct regarding the features of a perfectly competitive market?
I. The market consists of a large number of buyers and sellers.
II. Information is perfect.

[SSC CHSL 2022]

Raw material and money in hand for production are classified under :

[RRB NTPC CBT]

In Economics, Average product = __________÷ Labour

[RRC GROUP D]

Which of the following statements in Economics is NOT correct?

[RRC GROUP D]

Which of the following is an overhead expense in a production cost?

[RRC GROUP D]

_______is defined as the output per unit of variable input.

[NTPC CBT 2]

The slope of an indifference curve is measured by:

[RRC GROUP D]

What happens in case of market equilibrium:
(A) Market demand = market supply
(B) There is no excess supply in the market

[SSC CHSL 2024]

Which among the following organizations is the best example of an agreement between oligopolists?

[RRB NTPC CBT]

Under perfect competition, a firm earns________ profits in the long run.

[RRC GROUP D]

What do you call profits earned by a business firm over and above the opportunity cost of the factor inputs?

[RRC GROUP D]

Decreasing returns to scale occurs when :

[NTPC CBT 2]

_______is the price where the quantity the consumer purchases is equal to the quantity the producers supply.

[RRC GROUP D]

The production function can be expressed as __________. (where L is labour and C is capital and Q is the maximum output that can be produced)

[SSC CHSL 2022]

The profit of a firm is the ____ total revenue earned and total cost incurred.

[NTPC CBT 2]

Which of the following is/are the characteristic(s) of the Monopoly market?
(i) There is a single producer of a particular commodity.
(ii) No other commodity works as a substitute for this commodity.
(iii) There are no restrictions to prevent any other firm from entering the market and to start selling the same commodity.

[RRC GROUP D]

Which of the following is NOT a feature of a monopoly?

[SSC CHSL 2024]

As long as MP (marginal product) remains higher than the average product (AP), the average product___________.

[RRC GROUP D]

The sum of total fixed cost and total variable cost is known as:

[RRB NTPC CBT]

Which of the following statements correctly defines oligopoly ?

[NTPC CBT 2]