Question
Which of the following statements are true regarding the principle of Opportunity Cost? 1. Opportunity cost refers to the cost of the next best alternative foregone. 2. Opportunity cost is only applicable in the context of financial transactions. 3. Opportunity cost is a fundamental concept in decision-making. 4. It is not relevant in the case of making long-term investments. Select the correct answer using the code below:
More Static GA Questions
- Gobasa copper plate inscription is related to which Chand ruler?
- By how much did loans to Micro, Small, and Medium Enterprises (MSMEs) grow in the current fiscal year according to RBI data?
- Siddhartha Gautama, the founder of Buddhism, was born in which location?
- Which is the third most populous country in the world?
- Recently BCCI has lifted ban from a state cricket association. The state is:
- In Finance, what is Discount Rate?
- Who received the Nobel Prize for Physiology or Medicine for the year 2020?
- In what year was Sikkim formally incorporated as a state of India?
- Ravi Mittal Has been recently appointed as the chairman of IBBI. when was it established?
- कोयना हाइड्रो-इलेक्ट्रिक परियोजना किस राज्‍य में स्थित है ?
Hey! Ask a query
Please enter email id
The email must be a valid email address.
Please enter Mobile Number
Please enter valid Mobile Number
Please enter your Doubt