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Free tnpsc model questions Online Test - MeritNotes
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Online Exam
No. of Questions :10
Remaining Time :
1. In _____ period, demand increases supply making price also increase.
(a)
Long period
(b)
Short period
(c)
Market period
(d)
Very long period
2. Difficulty in management, size of the firm increased is the example for _____ of scale.
(a)
Internal economies
(b)
External economies
(c)
External diseconomies
(d)
Internal diseconomies
3. Law of demand is based on _____ experience.
(a)
Actual
(b)
Future
(c)
Past
(d)
Moral
4. Human activity can be broken into _____ components.
(a)
2
(b)
3
(c)
4
(d)
5
5. In _____ economy, goods produced there is not much of sales as there is only small scale production.
(a)
Capitalist
(b)
Mixed
(c)
Socialist
(d)
Traditional
6. _____ means combination of two factors of production, which will be given equal of output.
(a)
Law of variable proportions
(b)
Returns to scale
(c)
Iso-cost
(d)
Iso-product
7. _____ Economics arise outside the firm.
(a)
Technical
(b)
Internal
(c)
External
(d)
Financial
8. Private property is the important feature _____ economy.
(a)
Planned
(b)
Capitalist
(c)
Command
(d)
Socialist
9. According to _____, economics studies about man i.e., buyer and seller etc.
(a)
Alfred Marshall
(b)
Adam Smith
(c)
Cairn Cross
(d)
Samuelson
10. _____ is means and consumption is the end.
(a)
Distribution
(b)
Public finance
(c)
Exchange
(d)
Production