AP (Advanced Placement) Macroeconomics: Questions 56 - 59 of 750

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Question 56

Appeared in Year: 2017 (NET)

Question

MCQ▾

The First Fundamental Theorem of Welfare Economics requires

Choices

Choice (5)Response

a.

That there be an efficient market for every commodity

b.

That the economy operate at some point on the utility possibility curve

c.

Producers and consumers to be price takers

d.

All a., b. and c. are correct

e.

Question does not provide sufficient data or is vague

Question 57

Appeared in Year: 2017 (NET)

Question

MCQ▾

Where symbols have their usual meaning, at which price, the elasticity of demand would be unity?

Choices

Choice (5)Response

a.

10

b.

20

c.

5

d.

All a., b. and c. are correct

e.

None of the above

Question 58

Appeared in Year: 2013 (NET)

Question

MCQ▾

‘Apna Khet, Apna Kaam’ (i.e.. own field, own work) is a new scheme under MNREGA and it was initiated in the State (December)

Choices

Choice (5)Response

a.

Rajasthan

b.

Madhya Pradesh

c.

Punjab

d.

Gujarat

e.

Question does not provide sufficient data or is vague

Question 59

Appeared in Year: 2013 (NET)

Question

Match List-Ⅰ List-Ⅱ▾

Match price indices in India given in List I with their latest base year in List-II: (December)

List-Ⅰ (Group I)List-Ⅱ (Group II)
(A)

Wholesale Price Index

(i)

2001 = 100

(B)

Consumer Price Index (New Series)

(ii)

2010 = 100

(C)

Industrial Workers (CPIIW)

(iii)

1986 - 87 = 100

(D)

Agricultural Laborers (CPIAL)

(iv)

2004 - 05 = 100

Choices

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

a.

  • (iii)
  • (ii)
  • (i)
  • (iv)

b.

  • (i)
  • (iv)
  • (iii)
  • (ii)

c.

  • (iv)
  • (ii)
  • (i)
  • (iii)

d.

  • (ii)
  • (iv)
  • (iii)
  • (i)

e.

All of the above

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