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When there is only one buyer and one seller of product, it is called _____ situation.
1). Public monopoly
2). Bilateral monopoly
3). Franchised monopoly
4). Monopsony

Who gave the ‘General Equilibrium Theory’?
1). J. M. Keynes
2). Leon Walras
3). David Ricardo
4). Adam Smith

Which of the following is not true about a Demand Draft?
1). It is a negotiable instrument.
2). It is a banker’s cheque.
3). It may be dishonoured for lack of funds.
4). It is issued by a bank.

Which amongst the following is not in the list of Maharatna?
1). Coal India Limited
2). Steel Authority of India Limited
3). Hindustan Petroleum Corporation Limited
4). Bharat Heavy Electricals Limited

The Entrepreneurship Development Scheme (EDS) has been launched under New Economy Development Policy (NEDP) on January 19, 2017 at _____.
1). New Delhi
2). Mizoram
3). Gujrat
4). Uttar Pradesh

‘Neo-Malthusian Theory’ is associated with which of the following?
1). Employ ment
2). Poverty
3). Resource scarcity
4). Income

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.
1). Current Account
2). Savings Account
3). Capital Account
4). Asset Account

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.
1). Law of diminishing marginal product
2). Law of variable proportions
3). The Short Run
4). The Long Run

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.
1). Supply
2). Demand
3). Price
4). Stock Market

__________ is defined as the output per unit of variable input
1). Marginal product
2). Production function
3). Total product
4). Average product

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