Important One Liner Economics 500 Question – Gk By Mr. DJ
-
- What are the advantages of a firm – saving on production costs
- Real GDP is measured at constant prices.
- Percentage of current financial deficit in GDP is- 4
- Indirect taxes are by- Increasing order
- Tax is said to be regressive when its weight is much higher on the poor than the rich.
- What is the formal method of entering into trade agreements with groups of countries – trading blocks
- Which cost is related to minimum cost – variable cost
- Tooth paste products are sold under- monopolistic competition
- When there is only one buyer and one seller of a commodity, then it is called ……… status – bipartisan monopoly.
- In which market structure the demand curve of the market is reflected by the demand curve of the firm- Monopoly
- What are the number of sellers in a monopoly market structure – One
- Competitive position of a company can be improved by ………. Understanding and meeting customer requirement
- Basic cost is equal to – the sum of administrative cost in variable cost
- Increasing per capita income would indicate a better welfare if it is accompanied by- a changed income distribution in favor of the poor.
- Capital formation in an economy depends- on the total savings.
- The best example of a capital intensive industry in India is- the steel industry.
- Removal of barriers or restrictions imposed by the government is called – liberalization
- In the capitalist economy, the pricing is done by – demand and supply
- According to communism, who are the main enemies of the society – personal property
- South-South Dialogues are related to- Cooperatives in developing countries
- What is called the tree accumulation of records in a data set – hierarchical model
- India and the United States have decided to finalize the agreement related to- Trade and Investment
- What is defined as the average rate of consumption – total consumption share total income
- When income increases in the short term, the average trend of consumption generally declines.
- The increase in demand for a common commodity is accompanied by- an increase in the income of the consumer
- Polity 500 One Liner Questions And Answers
