AP (Advanced Placement) Macroeconomics: Questions 419 - 423 of 750

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Question 419

Question

MCQ▾

A good is called a ‘Giffen good’ when the income effect is:

Choices

Choice (5)Response

a.

Positive and is greater than the substitution effect

b.

Less than the substitution effect

c.

Negative and is greater than the substitution effect

d.

Equal to substitution effect

e.

None of the above

Question 420

Question

MCQ▾

Which of the following value of notes are not issued by RBI?

Choices

Choice (5)Response

a.

₹ 2 Note

b.

₹ 500 Note

c.

₹ 5000 Note

d.

₹ 1 Note

e.

Question does not provide sufficient data or is vague

Question 421

Question

MCQ▾

Which is the shutdown Point of the firm?

Choices

Choice (5)Response

a.

When the price falls below AFC (Average Fixed costs)

b.

When the price falls below AC (Average cost curve)

c.

When the price falls below MC (Marginal cost curve)

d.

When the price falls below AVC (Average variable costs)

e.

None of the above

Question 422

Question

MCQ▾

Which of the following factors are cost push factors in case of inflation

Choices

Choice (5)Response

a.

Deficit financing

b.

Black money

c.

Rising population

d.

Taxation

e.

All of the above

Question 423

Question

MCQ▾

Which of the following is the benefits of financial inclusion

Choices

Choice (5)Response

a.

Less demand for goods and services

b.

Less domestic consumption

c.

Increasing self-employment opportunities

d.

None of the above

e.

Question does not provide sufficient data or is vague

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