CBSE Questions for Class 11 Commerce Economics Introduction To Economics Quiz 5 - MCQExams.com

Who controls economic activities under centrally planned economies?
  • Industrialists
  • Private firms
  • Government 
  • Consumer
In which of the following cases does output double with the doubling of all inputs?
  • Constant Returns to Scale
  • Decreasing Returns to Scale
  • Increasing Returns to Scale
  • Increasing as well as decreasing returns to Scale
You are given the following data:
Factor Output
00
115
230
345
460
575
The above data is an example of:
  • Constant Returns to Scale.
  • Decreasing Returns to Scale.
  • Increasing Returns to Scale.
  • Globalization.
Which of the following represents the concept of trade-offs?
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  • A movement from point A to point B
  • A movement from point U to point C
  • Point W
  • Point U
The economic profit at Nicole's factory is:
  • Rs. 75000
  • Rs. 35000
  • Rs. 80000
  • Rs. 30000
__________ of credit control affects indiscriminately all sectors of the economy.
  • Qualitative Methods
  • Quantitative Methods
  • Both (a) and (b)
  • Neither (a) nor (b)
Which of the following statements is incorrect regarding Disinvestment?
  • Government has raised budget dis-investments in the capital market
  • Procedure adopted for disinvestment has suffered from adhocism in the absense of a long term policy
  • It means selling of Govt. Share in the PSU to other PSU or Private Sector or Banks
  • It has been too insignificant to affect either the structure of management or the working environment of the PSU in India
As a consequence of economic reforms, the MRTP Act 1969 was replaced by competition Act in the year __________ .
  • 2001
  • 2002
  • 2003
  • 2004
Which of the following is not an economic activity
  • Land owner compensate the tiller of land in form of food grain
  • Doctor consulting his own family
  • Online teaching
  • Consumption of food items
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