# Random Quiz 4; MCQ Quiz on Economics

Welcome to your Random Quiz 4; MCQ Quiz on Economics. I am your host, Alok Aditya. Attempt these MCQ type questions to view your score.

1.
A perfect competitive industry becomes a monopoly. With the same cost conditions, it will now sell.

2.
The average profit is equal to difference between

3.
An isoquant is also known as

4.
To which one of the following, does the liquidity trap correspond?

5.
The author of employment multiplier is

6.
If GNP is 16% higher than the last year's and the rate of inflation is 9%, production in the economy has grown by

7.
If national product at factor cost is Rs. 600 crores, indirect taxes Rs. 200 crore and and subsidies Rs. 75 crores, national product at market price is

8.
An existence of slack variable in the final simplex table indicates that the

9.
In a cobweb model, the demand function is D = a + bPt and supply function is S = c + dPt-1. which one of following is true if d = |b| then d/|b| = 1

10.
If Y = sec x, what will be the value of dY/dx

11.
Given the numbers: 2, 8, 6, 5, 0, 9, 7, 11. The product of their arithmetic and geometric mean is

12.
If two regression equations are (y - 0.5 = b1x) and (x + 10 = b2y) then the coefficient of correlation between x and y is

13.
The sum of squares of deviation of 20 observations from their mean is 720 and the mean is 60. The coefficient of variation is

14.
Who is widely known as the founder of Austrian School?

15.
The classical model of economic development emphasizes