Top 1000+ Solved Fundamentals of Economics and Management MCQ Questions Answer

a. Economic behavior of individual economic decision making units

b. Economy as a whole

c. Trade relations

d. Economic growth of the society

a. Abundance of resources

b. Scarcity of economic resources

c. Poverty

d. Moral and ethical values

a. Market condition which oscillate

b. Market state of falling price

c. Market condition of rising price

d. Market conditions which once achieved tends to persist

a. Behaviour of individual economic decision making units and individual markets in isolation

b. Behaviour of all the individual decision making units and market viewed in totality

c. Both ; (d)

d. none

a. What is or how the economic problem facing the society are solved

b. How the problem should be solved

c. What to Produce

d. How to produce

a. Private Only

b. Public sector only

c. None

d. Both a and b

a. Resources

b. Arithmetic mean

c. A characteristic

d. None

a. Balancing of demand and supply position

b. Aggregate demand

c. Aggregate supply

d. Government intervention

a. Holding demand constant

b. Holding supply constant

c. Price being constant

d. Other things being constant

a. Unlimited

b. Limited in supply and use

c. Limited in supply but have alternative uses

d. Unproductive

a. Land

b. Capital

c. Labour

d. Air

a. Land

b. Capital

c. Labour

d. All the three

a. Air

b. Water

c. Sunlight

d. All the three

a. Coal mines of Bihar

b. Water resources of Uttaranchal

c. Mineral deposits of Jharkhand

d. All the three

a. Tehri Dam

b. Forest reserves of Assam

c. Fish reserves in the Bay of Bengal

d. Herbal plant of Uttaranchal