Chapter 12 Collection of Data. Multi choice questions Classification is the act of grouping related facts into : One class . Three classes . Two classes . Different classes . Answer: D. Different classes. Which one is not the base for classification: Quality. Value. Size. Origin . Answer: D. Origin. Read more
Chapter 11 Statistics – Introduction "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook
Chapter 11 Introduction to Statistics Multi choice questions The word statistics is used as Singular . Plural . Both of the above . None of the above . Answer: C. Both of the above Statistics deals with Qualitative data. Quantitative data. Both A and B. None of A and B Read more
Chapter 11 Statistics – Introduction Practice Exam August 2025 Economics Current Affairs Quiz ⚠️ Please attend all questions before submitting! Show Score Try Again "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook
Chapter 4 Theory of Firm Under Perfect Competition Pick the odd one out and justify your answer Free entry . profit maximization . perfect knowledge . price discrimination . Answer: D. Price discrimination . Others are features of perfect competition Homogneous product freedom of entry and exit large number of Read more
Chapter 8 -National Income Accounting National Income Accountiong Multi-choice Practice Exam Question 1) GNP – Depreciation is called Answers Option 1 PCI Option 2 GDP Option 3 NNP Option 4 NI Feedback Incorrect option Wrong click Correct option selected Wrong click Solution Wrong (Feedback) Wrong (Feedback) Correct Option (Feedback) Wrong Read more
Chapter 7 :- Introduction to Macro Economics "There is no joy in possession without sharing". Share this page. Whatsapp Telegram Facebook
Chapter 2 – Theory of Consumer Behaviour. Questions and Answers Find the odd one out Tea and Cofee, Bread and Jam, Car and Petrol, Sugar and Tea Answer : Tea and Coffee,others are complimentary goods. Salt, Matchboxes, Shirt, Pin Answer: Shirt, others are inferior goods. P 1 / P 2 Read more
Chapter 1 – Introduction to Micro Economics. Questions and answers Suppose there is a growth of resources in an economy. How does this affect the PPC? Answer When there is a growth of resources, then it will lead the PPC to move rightwards. This is shown in the above picture. Read more
Chapter 3 Production and Cost Multi choice questions A set of all the combinations of the two inputs that yield the same level of output is Isoquant . PPC . Isocost line . Indifference Curve . Answer: A. Isoquant AC (average cost) is the sum of AFC (average fixed cost) Read more