ME-Objective Answer !

  MODEL TEST PAPER
  (ANSWER)



Write True & False :

1. TRUE
2. FALSE
3. FALSE
4. TRUE
5. TRUE
6. FALSE
7. FALSE
8. TRUE
9. FALSE
10. TRUE
11. FALSE
12. TRUE
13. FALSE
14. FALSE
15. TRUE
16. FALSE
17. TRUE
18. TRUE
19. TRUE
20. TRUE
21. TRUE
22. TRUE
23. TRUE

Fill in the blanks:

1. DECREASE
2. QUANTITY DAMAND
3. RECURRING
4. COMPLEMENTRY
5. NEGATIVE
6. MORE
7. INPUT
8. CONVEXITY
9. RIGHT
10. INTERNAL
11. NORMAL PROFIT
12. UNITY
13. NATURAL
14. HIGH
15. INFINITE


Tick the correct answer:

1. (D) Technology
2. (D) Derived and Direct demand
3. (C) Both a & b
4. (C) > 1
5. (D) Grabor- Granger test
6. (C) Linear
7. (D) All of the above
8. (D) Constant
9. (B) Breakeven off point
10. (D) Price discrimination
11. (D) P= AR=MR= AC=MC
12. (B) A single producer of a single product
13. (A) MR= MC
14. (B) Very large
15. (D) More than one
16. (A) Growth rate of demand for the firms product
17. (D) Production in bulk
18. (E) Aggressive advertising by individual firms
19. (A) Product differentiation.