true/false
question the concept of economic profit differs from that of normal profit.
correct answer false
your answer true
public utilities such as railway or cooking gas supply companies are allowed under
the law to make price discrimination are allowed under the law to make price
discrimination
in oligopoly market, price tends to be rigid at the kink on the demand curve tends
to be rigid at the kink on the demand curve
select the blank
question due to the market mechanism limitations the rich go on becoming
________.
correct answer richer
your answer richer
true/false
question in india, the first phase of economic reforms is believed to have
begun in 1985 when vishwanath pratap singh was the prime minister of the country.
correct answer false
your answer true
true/false
question pure (net) profit contains an element of monopoly profit.
correct answer false
your answer true
true/false
question as per the new industrial policy of 1991, the government had decided
to provide approval for direct foreign investment up to 41% of foreign equity in
order to invite foreign investment in high priority industries requiring large
investment and advanced technology.
correct answer false
your answer true
true/false
question under the liberalization policy, government added another list of
nine industries for which automatic approval upto 74% would be allowed.
correct answer true
your answer true
true/false
question the partners are joint owners of the property of a partnership firm.
correct answer true
your answer true
true/false
question when a firm�s average revenue (a.r) is less than it's average cost,
it earns only normal profit.
correct answer false
your answer false
multiple choice multiple answer
question the examples of negative externalities are :-
correct answer nuclear power plants , gargantuan trucks , unsafe factories
your answer nuclear power plants , gargantuan trucks , unsafe factories
true/false
question the government also fixes minimum procurement prices for major crops
on the recommendation of the agricultural prices commission (apc).
correct answer true
your answer true
true/false
question during inflation, the pensioners whose income is permanently fixed,
are substantially benefited.
correct answer false
your answer false
true/false
question the wage and salary earners who get fixed income in terms of money
are benefited during inflation.
correct answer false
your answer false