Explore topic-wise InterviewSolutions in .

This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.

1.

The central problems of “what, how and for whom” are:A. (a) lnterdependentB. (b) IndependentC. (c) All problems may not be present at one timeD. (d) May vary from country to country

Answer» Correct Answer - A
Discussion
2.

Economic problem is basically the problem of choice making :A. (a) between inputsB. (b) Between outputsC. (c) About distribution of outputD. (d) All the above

Answer» Correct Answer - D
Discussion
3.

The central problem of ‘how to produce’ is basically the problem of deciding to undertake production with the help of:A. (a) Capital onlyB. (b) Labour onlyC. (c) Both capital and labourD. (d) How much of capital and labour each

Answer» Correct Answer - D
Discussion
4.

The central problem to called central because these are faced by:A. (a) All the consumersB. (b) All the producersC. (c) All the investorsD. (d) All the countries

Answer» Correct Answer - D
Discussion