Question27:-Under which Constitution Article the Indian govemment enacted the Environment Protection Act of 1986 7
A:-Article 253
B:-Article 256
C:-Article 324
D:-Article 328
Correct Answer:- Option-A
Question28:-Rural Landless Employment Guarantee Programme (RLEGP} was introduced in India on
A:-August 15, 1981
B:-August 15, 1983
C:-January 26, 1982
D:January 26, 1984
Correct Answer:- Option-B
Question29:-The National Food Security Act was passed in the Indian Parliament in
A:-1 August 2012
B:-12 September 2013
C:-15 January 2013
D:-21 November 2014
Correct Answer:- Option-B
Question30:-NGOs receiving over 95% of their infrastructure funds from the govermment come under the Right to
Information Act in the year
A:-2012
B:-2013
C:-2014
D:-2015
Correct Answer:- Option-C
Question31:-The process of deriving economic generalizations on the basis of observations and experiences is called
A:-Deductive method
B:-Inductive method
C:-Abstract method
D:-Analytical method
Correct Answer:- Option-B
Question32:-The book "Value and Capital' has been authored by
A:-Karl Marx
B:-P. A. Samuelson
C:-E. E. Slutsky
D:4. R. Hicks
Correct Answer:- Option-D
Question33:-The revealed preference theory is based on the postulation of
A:-Weak ordering preference
B:-Strong ordering preference
C:-Indifferent preferences
D:-Indeterminate preferences
Correct Answer:- Option-B
Question34:-In the production process a firm will shut down when the price falls below
A:-The average fixed cost
B:-The marginal cost
C:-The average variable cost
D:-The total cost
Correct Answer:- Option-C
Question35:-When a monopolist is able to sell each separate unit of a product at a different price, a situation of
A:-Price discrimination of first degree exists
B:-Price discrimination of second degree exists
C:-Price discrimination of third degree exists
D:-None of the above
Correct Answer:- Option-A
Question36:-In the kinked demand curve hypothesis, the segment of demand curve above the prevailing price is
A:-Highly inelastic
B:-Perfect inelastic
C:-Highly elastic