DSSSB – 2014 Tire I
- Demand has the following element
(a) Quantity
(b) Price
(c) Time
(d) All of the above - Physical distribution provides
(a) Place utility
(b) Time utility
(c) Place and time utility
(d) Form utility - The concept of consumer surplus was introduced and developed by
(a) E A G Robinson
(b) J. M. Keynes
(c) Lionel Robbins
(d) Alfred Marshall - A product line strategy where in a company adds a higher priced product to aline in order to attract a broader market which helps the sale of its existing lower priced products is called
(a) Trading up
(b) Trading down
(c) Life cycle extension
(d) Product line extension - A perfectly competitive firm attains equilibrium when
(a) AC = AR
(b) MR = MC
(c) MC = AC
(d) TC = TR - ____________ is known as father of Economics.
(a) Adam Smith
(b) Professor A. Sarmuelson
(c) Alfred Marshall
(d) J. R. Hicks - The Elasticity of demand for luxury goods is
(a) Infinite
(b) More than one
(c) Less than one
(d) Equal to one - Profits are maximized at a point where
(a) MR = MC
(b) MR > MC
(c) MR < MC
(d) AC > MC - A monopoly is characterized by
(a) Limited entry and exit opportunity
(b) Single Supplier
(c) Few Customers
(d) All the three
DSSSB – 2015 Tire II
- Which of the following is not an economic factor?
(a) Gross National Product
(b) Per Capita Income
(c) Trends in the price of goods and services
(d) All of the above - Which one of the following formula will be used for computing the price elasticity of demand?
(a)
(b)
(c)
(d) - A firm that is the sole seller of a product without close substitutes called
(a) Monopoly
(b) Oligopoly
(c) Competition
(d) Bureaucracy - Which is not part of market structure?
(a) Oligopoly
(b) Monopolistic competition
(c) Perfect competition
(d) None of the above - The change in total revenue from an additional unit sold called as
(a) Marginal revenue
(b) Average revenue
(c) Revenue
(d) Profit - Demand curve is a graph of the relationship between the price of a goods and the
(a) Quantity demanded
(b) Supply
(c) Quantity supplied
(d) Demand - The marginal revenue equation can be derived from the
(a) Demand equation
(b) Supply equation
(c) Cost equation
(d) Price equation - Price elasticity is defined as the percentage change in ______ that results from a 1 percent change in price.
(a) Supply demanded
(b) Quantity demanded
(c) Quantity
(d) Supply - Pricing decision are affected by the _______ in which the firm operates.
(a) Political environment
(b) Economic environment
(c) Business
(d) Demand - If one input is variable and all other inputs are fixed the firm’s production function exhibits the
(a) Law of variable proportions
(b) Law of capital proportions
(c) Law of supply
(d) Law of demand - Which is/are methods of measuring national income?
(a) Product method
(b) Income method
(c) Expenditure method
(d) All of the above - Price discrimination occurs when variation in prices for a product in different markets does not reflect variation in
(a) Costs
(b) Price
(c) Demand
(d) All of these - Market equilibrium of a commodity is determined by
(a) Balancing of demand and supply position
(b) Aggregate demand
(c) Aggregate supply
(d) Govt. intervention - A market structure characterised by having only one buyer of a product or service known as
(a) Monopsony
(b) Monopoly
(c) Digopoly
(d) None of the above - In which case the law of demand does not apply?
(a) Expectation regarding further prices
(b) Status goods
(c) Giffen goods
(d) All of the above - Which is not sources of oligopoly?
(a) Huge capital investment
(b) Economic of scale
(c) Patent of rights
(d) None of the above - Which of these are outside the domain of macro economics?
(a) Consumer behaviour
(b) National Income
(c) Economic growth
(d) Balance of payment and trade - Macro economics is the study of
(a) Inflation
(b) Unemployment
(c) Growth
(d) All of above - A monopoly firm makes more profit because
(a) It has ability to choose among price and output combination
(b) It can discriminate price
(c) It leave the consumer with no consumer surplus
(d) It acts as a market leader - Which of the following statements is true?
(a) Monopolists are price takers
(b) Monopoly firm earn abnormal profits
(c) A monopoly firm faces straight demand life
(d) Supply curve of a monopoly firm is positive sloped - Demand is a function of
(a) Price
(b) Firm
(c) Product
(d) Cost - Elasticity of demand measures the
(a) Sensitivity of sales to changes in particular casual factor
(b) Sensitivity of production to changes in a particular cost
(c) Value of price and cost
(d) Volume of product - An indifference curve is always
(a) A vertical straight line
(b) Convex to the origin
(c) Concave to the origin
(d) A horizontal straight line - The total utility is maximum when
(a) M.U. is zero
(b) M.U. is equal to A.U.
(c) M.U. is the highest
(d) A.U. is the highest - Consumer’s surplus is highest in the case of
(a) Necessities
(b) Luxuries
(c) Comforts
(d) Conventional necessities - Profit are maximized at a point where
(a) MR = MC
(b) MR > MC
(c) MR < MC
(d) AC > MC - Economics cannot be considered a perfect science because
(a) Human Behaviour is unpredictable
(b) It is difficult to make correct perdition of economic variables
(c) Economist do not have common opinion about a particular economic event
(d) All the three - In the long run price is governed by
(a) Cost of production
(b) Demand supply forces
(c) Marginal utility
(d) None of these - A Monopoly’s demand curve is
(a) Same as its average revenue curve
(b) Same as its supply curve
(c) Same as its cost curve
(d) Same as that of the factor inputs - Total profit of a firm in a perfect competitive market is
(a) Total revenue less total cost
(b) Marginal revenue less marginal cost
(c) Total revenue less marginal cost
(d) Total revenue less variable cost - GDP is defined as
(a) Current value of all the capital goods produced in the country
(b) Sum of goods and services exported during the year
(c) All the capital goods and consumable goods produced and sold during the year
(d) The market value of all goods and service produced in the domestic economy during the year - Supply of money refers to
(a) Total money held by the public
(b) Total money help by RBI
(c) Total money with all the Commercial Banks and RBI
(d) Total money in Government account - Optional money is a
(a) Legal tender money
(b) Non- legal tender money
(c) Limited legal tender money
(d) Full bodied money - Definition is a state when
(A Collapse of Sensex
(b) Fall in GDP
(c) Consistent increase in prices
(d) Prices are falling - During the downturn portion of a business cycle, the economy is characterized by
(a) Falling output and rising unemployment
(b) Rising profits and falling wages
(c) Falling unemployment and falling output
(d) Rising unemployment and rising investment - PERT and CPM are
(a) Network techniques
(b) Assignment techniques
(c) Project evaluation techniques
(d) All of the above - Linear programming identifies
(a) The optimum quantities of the variables
(b) The maximum profit or minimum cost that can be expected
(c) Both (a) and (b)
(d) None of the above - Performing assets means
(a) Money at call and short notice
(b) Cash Balance with RBI
(c) Bank Balance with RBI
(d) Loans and advance which generate income - Manipulation in CRR enables the RBI to
(a) Influence the lending ability of the Commercial Banks.
(b) Check unemployment growth
(c) Check poverty
(d) Increase GDP - If RBI wants to decrease the money supply in order to check inflation it will
(a) Sell bonds
(b) Increase CRR
(c) Hike bank rate
(d) All of the above - CRR means
(a) Cash Reserve Ratio
(b) Current Rate of Return
(c) Cumulative Rate of Return
(d) Current Rate of Rupee
DSSSB – 2018 Male
NO Questions from This Section
DSSSB – 2018 Female
NO Questions from This Section
DSSSB – 2021 Male
- ___________ which was originally used to measure the distribution of wealth and income; is now also used to study the distribution of profits, wages and turnover, etc. It is a graphic
method of studying dispersion. It is a double cumulative percentage graph used in determining the extent of inequalities of items.
1. Lorenz Curve
2. Frequency curve
3. Bell curve
4. Reverse Curve - What is the slope of the positive supply curve like?
1. It slopes up and to the left
2. It slopes up and to the right
3. It slopes down and to the left
4. It slopes down and to the right - If good growing conditions increase the supply of coconut and hot weather increases the demand for coconut water, the quantity of coconuts bought :
1. does not change but the price falls
2. increases and the price rises
3. does not change but the price rises
4. increases and the price might rise, fall or not change - Which of the following Five Year Plan’s basis was formed by the strategy popularly known as the ‘Nehru-Mahalanobis Strategy’?
1. First plan
2. Second plan
3. Third plan
4. Fifth plan - Which of the following is not one of the four central questions that the study of economics is supposed to answer?
1. When are goods produced?
2. Who produces what ?
3. Who consumes what ?
4. How are goods produced ? - Which of the following statements about price elasticity of demand is correct?
(a) Price elasticity of demand is a measure of how much the quantity demanded of a good responds to a change in the price of that good.
(b) Price elasticity of demand is computed as the percentage change in quantity demanded divided by the percentage change in price.
(c) Price elasticity of demand in the long run would be different from that of the short run.
1. Only (c)
2. All (a),(b),(c)
3. Only (a)
4. Only (b)
DSSSB – 2021 Female First Shift
- ________ elasticity of demand measures the responsiveness of the quantity sold to changes in the product’s price.
1. Product
2. Price
3. Supply
4. Income - Price and total revenue move in _______ direction in elastic demand.
1. Opposite
2. Same
3. They are not related
4. No effect - What are the determinants of demand of any product ?
1. Income of the consumers.
2. The price of related goods.
3. Number of consumers in the market.
4. Attitude of consumers.
1. 1 , 2 , 3 & 4
2. 2 & 3 only
3. 1 & 3 only
4. 3 & 4 only - What would be the effect on the automobile market, if the prices of gasoline rises?
1. The higher price of gasoline, increase the total number of miles individual tended to drive.
2. Smaller and more fuel – efficient cars become more attractive relative to big cars.
3. No any effect on automobile market with the rise in price of gasoline.
4. The higher price of gasoline will increase sale of automobiles - The _________ plays a vital role to make available all the goods and services produced in the market for the consumers according to their needs and demands.
1. Suppliers
2. Producers
3. Intermediaries
4. Stockist - Super normal profit is earned:
1. When total revenue is equal to total cost
2. When marginal cost is equal to price of product.
3. When prices are lower than the marginal cost.
4. When prices are higher than the marginal cost. - Which one from the following statements is not the characteristics of monopoly ?
1. Prohibited entry and exit
2. Lack of Perfect Knowledge
3. Large number of sellers
4. No close substitute of product