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Questions on Indian Economy


1. Money cost is also called ________.
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2. Economic profit is the difference between total revenue and_________
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3. the distinction between the fixed and variable factors is possible only in ________
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4. Total cost is the sum of _________
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5. The marginal cost curve is _________
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6. Under perfect competition, the firms are producing ____ product. 
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7. When the Average revenue of the firm is greater than its average cost, the firm is earning______

8. The perfect competitive firms are _________ 
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9. Monopoly power achieved through patent right is called ___
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10. Firms realize the importance of ______ under oligopoly.
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11. Marginal productivity theory is the ______theory of distribution. 
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12. Marginal productivity theory is based on the assumption of _________competition.
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13. Transfer earnings refer to ________ cost.
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14. Money wages are also known as ______ wages. 
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15. Organization is done by the___________
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16. The term consumption function explains the relationship between____ and ________
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17. ___ is the ratio of charge in saving to a change in income.
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18. The worldwide depression of 1930s was also caused by a ____
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19. __________ refers to the cash holdings of the people.
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20. The magnified effect of initial investment on income is called______ effect.
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21. The direct exchange of goods for goods is known as ______ 
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22. Deflation is a period marked by __________ prices 
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23. The equation of exchange (MV = PT) was given by
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24. Galloping inflation is also known as ___ 
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25. Monetary policy is usually effective in controlling __________.
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26. _______ means different sources of government income. 
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27. the absence of direct and proportional benefit is ________ 
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28. ____are considered as fundamental principles of taxation.
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29. The classification of direct and indirect taxes is based on criterion of _________ tax.
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30. _________ tax is a blend of progressive tax and proportional tax. 
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Questions on Indian Economy


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