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Que : 48. Select and write the correct alternative : (i) When total utility are fixed then marginal utility are –

(a) Zero

(b) Positive

(c) Negative

(d) Qualitative


(ii) The production function of a firm is -

(a) Production

(b) Relationship between inputs and outputs

(c) Cost

(d) Factor



(iii) The duration of the Financial Year in India is -

(a) January to 31 December

(b) 1 February to 31 December

(c) 1 April to 31 March

(d) 1 July to 30 April



(iv) Marginal propensity to consume is -

(a) ∆C/∆Y

(b) C/Y

(c) Y/C

(d) S/Y



(v) Which characteristic of competition of "price taking behaviour"?

(a) Imperfect competition

(b) Perfect competition

(c) Oligopoly

(d) Non-competitive market



(vi) Who is the father of modern economics ?

(a) John Maynard Keynes

(b) Pro. J. K. Mehta

(c) Marshall

(d) Adam Smith

 

Answer: