Indian army has published the notification for SSC Tech 56 men and SSC Tech 27 women for the course commencing at OTA Chennai from April 2021
Which one of the following is not an example of a price ceiling?
Fares charged by Airlines in India
Price printed on biscuit packets
Minimum support price for cane growers
Minimum wages fixed by state Governments
Which one of the following statements is true with regard to an economy which is on its production possibility frontier?
The economy has to sacrifice some production of one commodity in order to increase the production of another commodity
There is no limit or constraint for the economy in the production of goods and services
The economy can produce more of one commodity up to a point without reducing the production of any other commodity
Its production possibility frontier is an upward sloping curve
Who coined the concept of “Paradox of Thrift”?
Adam Smith
Alfred Marshall
John Maynard Keynes
Paul A. Samuelson
What is the real interest rate on a Credit Card loan bearing 24% interest per year, if the rate of inflation is 10%?
240%
34%
14%
4%
Which one of the following is NOT correct?
The Average Revenue and Marginal Revenue curves of a perfectly competitive rm are perfectly elastic
The Marginal Revenue curve of the monopoly rm is above its Average Revenue curve
In the long-run, a competitive rm earns only normal ports
In equilibrium, the Marginal Cost Curve of the monopoly rm may be rising, falling or constant
