Economy - MOST IMPORTANT RRB Group D Previous Year Questions
Practice real questions from previous year exams of RRB Group D.
Which of the following is a characteristic of public goods?
Which formula is used for the calculation of Ex Ante Aggregate Demand ?
Consumer theory is how people decide to spend their __________.
__________ means the additional satisfaction or benefit (utility) that a consumer derives from buying an additional unit of a commodity or service.
Change in savings ÷ Change in Income = __________.
An indifference map is a collection of indifference curves that represent different levels of __________.
What do you call profits earned by a business firm over and above the opportunity cost of the factor inputs?
In macroeconomic analysis, a consumption function describes the relation between total consumptions and __________.
__________ is the price where the quantity the consumer purchases is equal to the quantity the producers supply.
Which of the following is calculated as the percentage change in the demand for the goods divided by the percentage change in the price for the goods?
What is explicit cost?
Consumers lose satisfaction in a product the more they consume it, this is known as __________.
Marginal cost of production refers to the change in total cost to produce __________ additional unit(s).
Which of the following is NOT a variable cost for a firm?
Which of the following is NOT an example of variable costs?
In Economics, Total variable cost ÷ Units of output produced =
What will be the value of elasticity of demand (ep) if the demand curve has a shape of rectangular hyperbola?
The measure of responsiveness of the demand for Tea towards the change in the price of Coffee in the market is an example of __________.
If Average Production is decreasing, then what will be the effect on Marginal Production?
In economics, the slope of the demand curve is typically __________.