AP (Advanced Placement) Macroeconomics: Questions 46 - 48 of 750

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Question 46

Appeared in Year: 2013 (NET)

Question

MCQ▾

Which of the following items of private final consumption expenditure has the largest share (in the PFCE) in recent years in the Indian Economy? (December)

Choices

Choice (5)Response

a.

Clothing & Footwear

b.

Transport & Communication

c.

Furniture, Furnishings, etc.

d.

Gross rent, Fuel & Power

e.

Question does not provide sufficient data or is vague

Question 47

Appeared in Year: 2013 (NET)

Question

Assertion-Reason▾

Assertion(Ꭺ)

Consumer Surplus is the difference between the potential price and actual price. (Dec)

Reason(Ꭱ)

There exists an inverse relationship between the price and consumer surplus.

Choices

Choice (5)Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ

c.

Ꭺ is true but Ꭱ is false

d.

Ꭺ is false but Ꭱ is true

e.

Both Ꭺ and Ꭱ are false

Question 48

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match the items in List – I with items in List – II: (Dec)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Technical Monopoly

(i)

Coca Cola

(B)

Legal Monopoly

(ii)

Gold and Silver

(C)

Oligopoly

(iii)

Patent Rights

(D)

Global Market

(iv)

Cartel

Choices

Choice (5)Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (ii)
  • (iii)
  • (iv)

b.

  • (ii)
  • (i)
  • (iv)
  • (iii)

c.

  • (i)
  • (iii)
  • (iv)
  • (ii)

d.

  • (ii)
  • (iii)
  • (i)
  • (iv)

e.

All of the above

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