Economics MCQ Capsule 3
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MCQ Capsules on Economics are very important for Banking, SSC CGL, UPSC and RRB Exams. Questions on economics in the given sheet has been defined in MCQ Formats. Atleast 8 sets of such capsules will be added to the website.
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1. What happens to marginal cost when average cost increases?
(A) Marginal cost is below average cost
(B) Marginal cost is above average cost
(C) Marginal cost is equal to average variable cost
(D) Marginal cost is equal to average cost
2. Development means economic growth with
(A) price stability
(B) social change
(C.) inflation
(D) deflation
3. Which one of the following is more effective in controlling prices in the long run?
(A) decrease in production
(B) increase in production
(C) decrease in the rate of interest
(D) increase in the rate of employment
4. Through open market operations, the RBI purchase and sell
(A) foreign exchange
(B) gold
(C) government securities
(D)all of these
5. A firm is said to be of optimum size when
(A) average total cost is at a minimum
(B) marginal cost is at a minimum
(C) marginal cost is equal to marginal revenue
(D) the firm is maximizing its profit
Do Get the Complete MCQ Sheet of 50 questions here
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