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Practice Microeconomics Section Tests Questions and Answers

The coefficient of regression of Y on X is byx = 1.2 , If A = (X-300)/4 and C = (Y-500)/6 find bCA
Which branch of economics deals with the study of the economic activities of individual units?
Jammu and Kashmir FRBM Act, 2006 has been passed as per the recommendation of_______.
Which of the following statements is true?
Which of the following grants are provided from the center's resources over the 2021-26 period? i) Grants to local bodies ii) Disaster risk management fu...
Which of the following statement is the objective(s) of setting up of Regional rural banks? (i) development of agriculture, trade and other productive act...
Which of the following statements is FALSE?
The marginal cost curve is__________.
Which of the following is an INCORRECT match in the context of economics? (i) Study of an individual firm an industry - macro economics (ii) Want satisfy...
Which of the following statements is true for a mixed economy?
In the context of India's demographic transition, which year is known as the "Year of the Great Divide"?
Which of the following is true for a normal good when there is a decrease in consumer income?
Which of the following is NOT a model of e-governance as proposed by Prof. Dr. Arie Halachmi?
Which of the following is/are true at equilibrium in a perfect competition? (1) MR = MC (2) AC = MC = AR = MR (3) MC is falling
Which of the following leads to an outward shift in the supply curve
Which of the following are features of India's Green Revolution from the mid-1960s to the mid-1980s? (1) Increase in crop productivity (2) Rise in acreag...
Which of the following statements is INCORRECT about the Finance Commission?
________ was an important growth strategy adopted by India prior to 1991.
Which of the following is/are function(s) of a commercial bank? (1) Accepting deposits (2) Giving loans (3) Payments and settlements
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sittin...
A firm should increase investment when :
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Tax Function: T = T0 + tY Income Identity: Y = ...
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on n = 16 observations, ...
Which of the following defines ambient standards in an environmental policy
Which of the following statements are correct about trilemma in monetary policy A. It is related to closed economy model. B. It involves exchange rate, c...
Which of the following applies to the physical linkage approach for the valuation of environmental benefits
Give below are two statements: Statement - I: The terms of trade of a nation are defined as the ratio of the cost of its export commodity to the price of...
Which of the following defines ambient standards in an environmental policy
Which of the following statements are correct about trilemma in monetary policy A. It is related to closed economy model. B. It involves exchange rate, c...
Consider a Keynesian Cross Model with following features, Consumption Function: C= C0 + b (Y – T) Tax Function: T = T0 + tY Income Iden...
Two people enter a bus. Two adjacent cramped seats are free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sittin...
Suppose we regress the dependent variable y on four independent variables x1, x2, x3, and x4. After running the regression on...

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