Free gk questions Online Test - MeritNotes

No. of Questions :10
Remaining Time :
1. In _____ period, change in supply in response to change in demand is extremely limited.
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

2. The short run production function is called
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

3. In short period supply curve is
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

4. The concept of consumer’s surplus was first mentioned by J.A. Dupuit in the year _____
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

5. In very short period, the market supply is
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

6. The most important feature of oligopol is ___ in decision making.
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

7. Innovation theory of profits was given by _____
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

8. ____ method of controlling monopoly is best to check the concentration of economic power in few hands.
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

9. ____ influences the price in long period.
 
  • (a) 
  • (b) 
  • (c) 
  • (d) 

10. According to _____ one of the important functions of entrepreneur is uncertainly bearing.
 
  • (a) 
  • (b) 
  • (c) 
  • (d)