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Home Practice Tests Economics Practice Tests Economics Quiz - Question & Answers Set - 15
15 Questions
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Economics Quiz - Question & Answers Set - 15

  • Question 2 :
  • Opportunity cost of production of a commodity is

  • AThe cost that the firm could have incurred when a dirrerent technique was adopted
  • BThe cost that the firm could have incurred a different method oof production
  • CThe actual cost incurred
  • DThe next best alternative output sacrified
  • Question 8 :
  • The Finance Commission

  • ADrows up Five year palns
  • BFormulates monetory policy
  • CRecommends pay revision of central Government Employees
  • DAdjudicates on the sharing of resources between center and the states
  • Question 9 :
  • Net National Product of a country is

  • AGDP minus depreciation allowance
  • BGDP plus net income from abroad
  • CGNP minus depreciation allowances
  • DGNP minus net income from abroad
  • Question 10 :
  • Net National Product of a country is

  • AGDP minus depreciation allowance
  • BGDP plus net income from abroad
  • CGNP minus depreciation allowances
  • DGNP minus net income from abroad
  • Question 14 :
  • Bank Rate refers to the interest rate at which

  • ACommercial banks receive deposits from the public.
  • BCentral bank gives loans to Commercial banks.
  • C Government loans are floated.
  • DCommercial banks grant loans to their customers.