Economy - MOST IMPORTANT RRB NTPC Previous Year Questions
Practice real questions from previous year exams of RRB NTPC.
Which multiplier theory states that the economy will flourish the more the government spends?
The total Revenue Curve of a firm shows the relationship between the __________ made by the firm and the output level of the firm.
__________ in economics is a curve that when plotted on a graph shows all the combinations of two factors that produce a given output.
Complete the sentence using the options given below.
The short-run marginal cost curve is 'U'- shaped due to __________.
The inputs used in the production of goods or services to make an economic profit are known as __________.
Which of the following statements with respect to the law of variable proportions is true?
The percentage change in demand for a good, divided by the percentage change in its price is known as __________.
The curve that shows the levels of output that a profit maximising firm would choose to produce at different values of the market price is called the firm's __________.
When a proportional increase in all input results in an increase in output by a larger proportion, the production function is said to display __________.
Which of the following is the correct full form of GDFCF?
The actual or realised value of a variable as opposed to its planned value is called __________.
Which economist has written the book "The General Theory of Employment, Interest and Money (1936)"?
Which of the following law states that "as more and more units of a variable factor are employed with fixed factors and technology, its marginal product eventually declines."
The point on the supply curve at which a firm earns only normal profit is called the __________.
The concept of 'sustainable development' was introduced by which one of the following reports?
Goods such as food, clothing and services such as recreation that are consumed when purchased by their ultimate consumers are called :
A Giffen good is related to which of the following?
Who said the following?
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable."
Who is regarded as the father of modern economics?
According to the law of diminishing marginal utility, as the amount of good consumed increases, the marginal utility of that good tends to __________.