The concept of elasticity of demand was introduced by

(a)

Ferguson

(b)

Keynes

(c)

Adam Smith

(d)

Marshall

Product obtained from additional factors of production is termed as

(a)

Marginal product

(b)

Total product

(c)

Average product

(d)

Annual product

Marginal revenue is the addition made to the

(a)

total sales

(b)

total revenue

(c)

total production

(d)

total cost

Residual Claimant Theory is propounded by

(a)

Keynes

(b)

Walker

(c)

Hawley

(d)

Knight

Who introduced the National Development Council in India?

(a)

Ambedkar

(b)

Jawaharlal Nehru

(c)

Radhakrishnan

(d)

V.K.R. V. Rao

The Oldest large scale industry in India

(a)

cotton

(b)

jute

(c)

steel

(d)

cement

The Goods and Services Tax Act come into effect on ______

(a)

1^st July 2017

(b)

1^st July 2016

(c)

1^st January 2017

(d)

1^st January 2016

In which year, Regional Rural Banks came into existence?

(a)

1965

(b)

1970

(c)

1975

(d)

1980

The largest contribution to GSDP in Tamil Nadu comes from

(a)

agriculture

(b)

industry

(c)

mining

(d)

services

The first differentiation of Total Revenue function gives

(a)

Average Revenue

(b)

Profit

(c)

Marginal Revenue

(d)

Zero