Hello and welcome to ExamPundit. Here is a Set of General Knowledge Quiz for SSC, RRB NTPC 2016 conducted by Aries Fire. If you want to conduct your own quiz, you can always mail us at [email protected] and after 10 sets hosted by you, we will dedicate a special page for your quizzes.
1. If the price of inferior goods falls , its demand?
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rises
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falls
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remains constant
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can be any of the above
2. Equilibrium is a condition that can?
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never change
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changes only if some outside factor changes
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changes only if some internal factor changes
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changes only if government policy changes
3. When the marginal utility is zero, the total utility is ?
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minimum
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increasing
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maximum
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decreasing
4. In economics production means?
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manufacturing
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making
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creating utility
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farming
5. Seawater, fresh air, etc are regarded in economics is?
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giffen goods
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inferior goods
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Free goods
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Normal goods
6. Which is the most essential function of an entrepreneur?
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supervision
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management
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marketing
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risk bearing
7. Purchasing power parity theory is related with?
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interest rate
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bank rate
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wage rate
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exchange rate
8. A refrigerator operating in a chemist shop is an example of?
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free good
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final good
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producers good
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consumers good
9. Cross elasticity of demand between petrol and car is ?
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infinite
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positive
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zero
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negative
10. Price theory is also known as?
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macro economics
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development economics
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public economics
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micro economics
Winners
- UPSC-Unpredictable S Commision
- Taurus
- Kushagra Singh
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