82.

83.

84.

85.

86.

87.

88.

89.

90.

031/22

If we have constant returns to scale and we increase all the inputs by 5 per cent,
then the output will increase by

A) Less than 5 per cent B) More than 5 per cent

C) Equal to 5 per cent 0) 5 times the number of inputs

Demand for labour is called derived demand because it is
A) Dependent on demand for final goods and services

B) Inversely related to wage rate

C) Dependent on the availability of capital goods

D) Directly related to the marginal utility of working

Expansionary monetary policy

A) Tends to lead to an appreciation of a nation’s currency

B) Usually has no effect on a currency’s exchange value

C) Tends to lead to an depreciation of the currencies of other nations
D) Tends to lead to a depreciation of a nation’s currency

When total production is maximum, for labour input
A) The APL is zero B) The MPL is zero
C) The APL is negative D) The APL is declining

Which of the following is not an example of distress sale ?
A) Marketed surplus > Marketable surplus

B) Selling price < MSP

C) Selling price < Cost of production

D) Selling price > Cost of production

When APP is increasing, how does the MPP will behave in a production function ?
A) MPP is greater than APP B) MPP is less than APP
C) MPP is equal to APP D) MPP is zero

The purchase or sale of a commodity at the present price with the object of sale or
purchase at some future date at a favourable price is known as

A) Hedging B) Speculation

C) Market intelligence D) None of the above

When the demand for a commodity is perfectly elastic, the consumer's surplus is
A) Infinity B) Unity
C) Zero D) Cannot be calculated

The key feature of oligopoly is
A) Excess capacity B) High profitability
C) Product differentiation D) Interdependence of firms

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