List of practice Questions

In the short-run, if there is a positive level of output at which a firm's profit is maximised. Which of the following conditions must hold at that output level?
(A) The price must be less than the short-run avegare cost.
(B) The price must be equal to the short-run marginal cost.
(C) Price must be greater than equal to the short-run average variable cost.
(D) Short-run marginal costs must be non-decreasing.
Choose the correct answer from the options given below:
As a determinant of firm's supply curve, if the wage rate of labour increases the firm's marginal cost curve will shift?
In a perfectly competitive market, whenever there is imbalance in the market, the prices are adjusted by the ________.
Which one of the following statements is NOT true in the context of the imposition of a price ceiling by the government on the market for kerosene.
The most influential economics book, the “General Theory of Employment, Interest and Money” of the twentieth century written by John Maynard Keynes, was published in the year ________.
The economic transactions of the domestic country with the rest of the world considered as an important sector in an economy, is called ________.
In the economy, the collection of all possible combinations of goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called?
From the above diagram, identify the point which is inferior for a consumer with respect to the indifference curve and budget line.

Find the price elasticity of demand for chocolate pastries, when the price of a pastry increases from Rs. 10 per pastry to Rs. 15 per pastry and demand reduces from 20 pastries to 10 pastries.
Match List-I with List-II
Choose the correct answer from the options given below:
Isoquant is just an alternative way of representing the production function. Which one of the following is NOT a characteristic of an isoquant.
Arrange the following statements in correct sequence with respect to the law of variable proportions:
(A) Initially total production increase at increasing rate
(B) When one input(variable) increases, keeping other inputs constant
(C) After reaching to its maximum level total products starts declining
(D) With the increase in variable input total product starts increasing at diminishing rate
Choose the correct answer from the options given below:
What is the measurment unit of bandwidth?
What is the range of frequency for radio waves?
Which statement is true about a Trojan?
Which malware type disguises itself as legitimate software?
________ is a search technique that makes use of the ordering of elements in the list to quickly search for a key.
Which protocol is used to format and transmit the information from the World Wide Web?
What describes the work of a repeater?
Calculate the standard deviation of the given temperature below recorded for the 7 days of a week:
24, 24, 21, 20, 26, 27, 30
Which measure of central tendency is better suited for dealing with an outlier?
Sometimes, on calling a customer service center, the Interactive Voice Response System (IVRS) tells us to wait till a support person is available. Which data structure this application is of?
Suppose you want to select distinct salaries working in department 101 from the 'Employee' relation. What will be the correct order of writing the query?
(A) FROM Employee
(B) SELECT
(C) WHERE
(D) DISTINCT Salary
(E) Dept_ID= 101
Choose the correct answer from the options given below:
What happens even if a key is not present in the list during a linear search?
If a linear search is performed on 10 elements, how many comparisons will be needed in worst case?