Producer's equilibrium is achieved at the point where:

(a)

Marginal rate of technical substitution (MRTS) is greater than the price ratio

(b)

MRTS is lesser than the price ratio

(c)

MRTS and price ratio are equal to each other

(d)

The slopes of isoquant and isocost lines are different

Revenue received from the sale of additional unit is termed as _____ revenue.

(a)

profit

(b)

average

(c)

marginal

(d)

total

In monopolistic competition, the essential feature is ____________

(a)

Same product

(b)

Selling cost

(c)

Single seller

(d)

Single buyer

Profit is the reward for

(a)

Land

(b)

Organization

(c)

Capital

(d)

Labour

The problem studied by Ambedkar in the context of Indian Economy is ______________

(a)

Small land holdings and their remedies

(b)

Problem of Indian Currency

(c)

Economics of socialism

(d)

All of them

The Oldest large scale industry in India

(a)

cotton

(b)

jute

(c)

steel

(d)

cement

The Raja Chelliah Committee on Trade Policy Reforms suggested the peak rate on import duties at

(a)

25%

(b)

50%

(c)

60%

(d)

100%

Identify the cause for rural indebtedness in India

(a)

Poverty

(b)

High population

(c)

High productivity

(d)

Full employment

Which district in TN has the highest sex ratio?

(a)

Nagapattinam

(b)

Nilgiris

(c)

Tiruchirappalli

(d)

Thanjavur

The first person used the mathematics in Economics is

(a)

Sir William Petty

(b)

Giovanni Ceva

(c)

Adam Smith

(d)

Irving Fisher