Check out and practice previous years questions: DSSSB PGT Commerce PYQs 2014 (Economics)
Economics Quiz
1. _______ is known as the father of economics.
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Answer: a. Adam Smith
2. In a mixed economy, which sector(s) is/are found?
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Answer: c. Both a and b
3. The elasticity of demand for luxury goods is
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Answer: b. more than one
4. Total profit means
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Answer: b. Total revenue – Total cost
5. A perfectly competitive firm attains equilibrium when
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Answer: b. MR = MC
6. Profits are maximised at a point where
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Answer: a. MR=MC
7. The concept of consumer surplus was introduced and developed by
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Answer: a. Alfred Marshall
8. Demand has the following elements:
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Answer: d. All the above
9. A sample is the selection of part of the
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Answer: c. Universe
10. Two friends decide to meet at a spot between 2 p.m. and 3 p.m. Whosoever arrives first agrees to wait for 10 minutes for the other. What is the probability that they meet?
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Answer: c. 25/36
DSSSB PGT Commerce PYQs 2014 (Economics)
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