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    4. ESIC Part B
    5. Social cost is higher than economic cost because

    Question

    Social cost is higher than economic cost

    because
    A society is bigger than economy Correct Answer Incorrect Answer
    B society includes polity, while economy does not include it Correct Answer Incorrect Answer
    C cost borne by bystanders is positive Correct Answer Incorrect Answer
    D society includes both consumers and producers Correct Answer Incorrect Answer

    Solution

    The correct answer is C

    Practice Next
      More ESIC Part B Questions
    • Depreciation is applicable to:

    • Which entity generally initiates securitization?

    • A company chooses not to record a small calculator worth ₹500 as a fixed asset. Which concept is being applied?

    • A company purchased machinery worth ₹5 lakh during the year and repaid a long-term loan of ₹3 lakh. It generated ₹12 lakh from operations. What is...

    • Read the following information to answer the below questions:

      The balance of cash book shows 

    • This kind of audit is conducted generally between two annual audit ______.

    • How much amount of exemption is allowed for gratuity if received at the time of retirement?

    • What is the limit of UPI transaction for insurance?

    • As per the CAPM model, to calculate cost of equity capital, which of the following information is not required?

      ...

    Relevant for Exams:

    • UPSC EO/AO

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