Utility means

(a)

Equilibrium point at which demand and supply are equal

(b)

Want - satisfying capacity of goods and services

(c)

Total value of commodity

(d)

Desire for goods and services

Who gave welfare definition of economics?

(a)

Samuelson

(b)

Alfred Marshall

(c)

Pigou

(d)

Adam Smith

The locus of the points which gives same level of satisfaction is associated with

(a)

Indifference Curves

(b)

Cardinal Analysis

(c)

Law of Demand

(d)

Law of Supply

___________shows various combinations of two products that give the same amount of satisfaction.

(a)

Iso cost curve

(b)

Indifference curve

(c)

Marginal Utility curve

(d)

Iso quanct

In a firm 5 units of factors produce 24 units of the product. When the number of factor increases by one, the production increases to 30 units. Calculate the Average Product.

(a)

30

(b)

6

(c)

5

(d)

24

Capital and Organisation are the ____________ factors of production.

(a)

Primary

(b)

Secondary

(c)

Tertiary

(d)

All of these

Identify the formula of estimating average cost.

(a)

AVC/Q

(b)

TC/Q

(c)

TVC/Q

(d)

AFC/Q

Equilibrium condition of a firm is ___________

(a)

MC = MR

(b)

MC > MR

(c)

MC < MR

(d)

MR = Price

There is strict barrier for entry of any new firm in_______________.

(a)

Perfect competition

(b)

Monopoly

(c)

Monopolistic competition

(d)

Oligopoly

Money wages are also known as

(a)

real wages

(b)

nominal wages

(c)

original wages

(d)

transfer wages

Which of the following is non-insurable risks?

(a)

Natural disaster

(b)

Theft

(c)

Fire

(d)

Public policy

The advocate of democratic socialism was

(a)

Jawaharlal Nehru

(b)

P.C. Mahalanobis

(c)

Dr. Rajendra Prasad

(d)

Indira Gandhi

In 1614 Sir Thomas Roe was successful in getting permission from

(a)

Akbar

(b)

Shajakan

(c)

Jahangir

(d)

Noorjakhan

Steel Authority of India Ltd. (SAIL) was established in the year

(a)

1974

(b)

1970

(c)

1972

(d)

1971

Which of the following is the way of privatisation?

(a)

Disinvestment

(b)

Denationalization

(c)

Franchising

(d)

All the above

_____ Architect of new economic policy.

(a)

Manmohan Sing

(b)

Dr. Raj Krishna

(c)

Shri. P.V. Narshima Rao

(d)

Amartiya Sen

Which feature is identified with rural areas?

(a)

Low population density

(b)

High population density

(c)

Low natural resources

(d)

Low human resources

In health index, Tamil Nadu is ahead of

(a)

Kerala

(b)

Punjab

(c)

Gujarat

(d)

All the above

The total length of the mettur dam is ___ meters.

(a)

1600 m

(b)

1700 m

(c)

1800 m

(d)

1500 m

Integration is the reverse process of

(a)

Difference

(b)

Mixing

(c)

Amalgamation

(d)

Differentiation

What is meant by Economics?

What are the properties of iso-quant curve?

Give the definition for 'Real cost'.

Why the transport cost is nil under Perfect Competition?

Give short note on Sen's "Poverty and Inequality".

What is the difference between HDI and PQLI?

Mention few characteristics of SEZ..

Define Cottage Industry.

Explain the Hydel Energy in Tamil Nadu.

Find the average cost function where TC = 60 + 10x + 15x².

Compare positive economics and normative economics.

Explain ordinal utility approach.

What are the factors governing elasticity of supply?

State the relationship between AC and MC.

What are the conditions of price discrimination?

Distinguish between rent and quasi-rent.

How are the energy sources classified? Explain.

Write any three objectives of Industrial Policy 1991.

How does the liberalization helped in the recovery of Indian Economy?

What is need for study the mathematics economics?

Explain various Steps of Deductive and Inductive methods.

State the various kinds of Goods.

What are the methods of measuring elasticity of demand?

Describe the law of supply in details.

Explain the meaning of Fixed and Variable factors and costs.

Explain how price and output are determined under monopolistic competition with help of a diagram.

Explain the Agio theory of Interest.

Describe the social Infrastructure.

Explain the role of SSIs in economic development ?

Give an account of the Monetary and Financial sector reforms.

Discuss the problems of Rural Economy.

Describe the various types of industries in Tamil Nadu. The Government is promoting industrial parks like Rubber Park, Apparel Park, Floriculture Park, TICEL Park for Biotechnology, Siruseri IT Park and Agro Zones. Tamil Nadu has a network of about 110 industrial parks/estates that offer developed plots with supporting infrastructure.

Find the solution of the system of equation
7x₁ - x₂ - x₃ = 0
10x₁ - 2x₂ + x₃ = 8
6x₁ + 3x₂ - 2x₃ = 7

Explain the steps involved in making presentation using the software 'Microsoft Powerpoint'.