Which of the following is a micro economics statement?

(a)

The real domestic output increased by 2.5 percent last year

(b)

Unemployment was 9.8 percent of the labour force last year

(c)

The price of wheat determines its demand

(d)

The general price level increased by 4 percent last year

Capital goods also called as_____good

(a)

Consumer

(b)

Producer's

(c)

Free goods

(d)

None of these

Gossen's first law is known as

(a)

Law of Equi-Marginal Utility

(b)

Law of Diminishing Marginal Utility

(c)

Law of Demand

(d)

Law of Diminishing returns

The foundation for various other economic law is ____

(a)

Law of diminishing marginal utility

(b)

Law of equi-marginal utility

(c)

Consumer surplus

(d)

None of these

Formula for calculating AP is

(a)

\(\frac { \Delta TP }{ N } \)

(b)

\(\frac { \Delta TP }{ \Delta N } \)

(c)

\(\frac { TP }{ MP } \)

(d)

\(\frac { TP }{ N } \)

Production means overall increase in the creation of _____________

(a)

Exchange

(b)

Distribution

(c)

Utility

(d)

Demand

Money cost is also known as _____ cost.

(a)

explicit

(b)

implicit

(c)

social

(d)

real

A shop keeper sold 20 bags with the price of Rs. 100 each. The total revenue of the seller is Rs.

(a)

200

(b)

20

(c)

2000

(d)

1500

Which of the following is a market structure where the Price is expected to be lower?

(a)

Perfect competition

(b)

Monopoly

(c)

Duopoly

(d)

Oligopoly

Rent is the reward for the use of

(a)

Capital

(b)

Labour

(c)

Land

(d)

Organization

Higher the risks, the greater are the ________.

(a)

Loss

(b)

Subsidy

(c)

profit

(d)

None of these

The position of Indian Economy among the other strongest economies in the world is ______

(a)

Fourth

(b)

Seventh

(c)

Fifth

(d)

Tenth

The power for governance of India was transferred from the East India Company (EIC) to the British crown in

(a)

1758

(b)

1858

(c)

1958

(d)

1658

Annual plans formed in the year _________ .

(a)

1989 - 1991

(b)

1990 - 1992

(c)

2000 - 2001

(d)

1981 - 1983

Expansion of FDI____

(a)

Foreign Private Investment

(b)

Foreign Portfolio

(c)

Foreign Direct Investment

(d)

Forex Private Investment

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

(a)

25%

(b)

50%

(c)

60%

(d)

100%

How do you term people employed in excess of the requirements?

(a)

Unemployment

(b)

Underemployment or Disguised Unemployment

(c)

Full employment

(d)

Self-employment

What is the other name for concealed unemployment?

(a)

Open

(b)

Disguised

(c)

Seasonal

(d)

Rural

The main source of irrigation in Tamil Nadu is

(a)

river

(b)

tank

(c)

well

(d)

canals

Which Union Territory has the highest sex ratio?

(a)

Chandigarh

(b)

Pondicherry

(c)

Lakshadeep

(d)

Andaman Nicobar

Distinguish goods from services.

Write the formula of consumers surplus?

What is Iso-cost line?

Give the definition for 'Real cost'.

Distinguish between real and money wages.

What are the objectives of Tenth five year plan?

State the reasons for implementing LPG.

What was called as PURA by former President Abdul Kalam?

Mention any four food crops which are favourable to Tamil Nadu.

What is price discrimination?

Explain briefly characteristics of Demand?

Write a short note on Marginal Revenue.

Explain 'Monopsony'.

Write the V.K.R.V. Rao's contribution on macro economics.

How are the energy sources classified? Explain.

Write any three objectives of Industrial Policy 1991.

Explain the Planning Commission's National Human Development Reports 2011 and 2016.

List out the objectives of MUDRA Bank

Explain GSDP in Tamil Nadu.

1. Explain various Steps of Deductive and Inductive methods.

2. Explain the law of Equi - marginal utility

1. Changes in Tastes and fashions the demand for some goods and services is very susceptible to change in tastes and fashions?

2. Elucidate the Laws of Returns to scale. lliustrate.

1. If total cost = 10+ Q³, find out AC, AVC, TFC, AFC when Q = 5.

2. Explain the meaning of Fixed and Variable factors and costs.

1. Illustrate price and output determination under Monopoly.

2. Elucidate the Loanable Funds Theory of Interest.

1. What are the assumptions of the Marginal Productivity Theory of Distribution?

2. Write the importance of mineral resources in India.

1. Explain the objectives of nationalization of commercial banks.

2. Describe the salient features of EXIM policy (2015 - 2020)

1. Discuss the problems of Rural Economy.

2. Explain the various sources of energy in Tamil Nadu.