Q1 · medium · PYQ 2022
Which of these is the correct reason for a good to be identified as a final good?
- It cannot be recycled or re-used.
- It is in the last stage of the product life cycle.
- It is not processed by a consumer after purchase.
- It is not processed further by a producer.
Q2 · medium · PYQ 2024
In cost theory, the usual shape of the __________ curve is a rectangular hyperbola.
- variable cost
- average fixed cost
- fixed cost
- total cost
Q3 · medium · PYQ 2018
Who among the following co-authored the book 'Indian Fiscal Federalism' along with YV Reddy?
- Urjit Patel
- GR Reddy
- Bimal Jalan
- Raghuram Rajan
Q4 · medium · PYQ 2025
What is the traditional belief about the effect of government cutting taxes and running a budget deficit?
- It promotes consumers spend more
- It promotes foreign investors to opt out from economy rapidly
- It promotes consumers spend less
- It shows government irresponsive behaviour
Q5 · medium · PYQ 2017
7 workers work in a printing press. Each gets paid ₹450 per day. The 8th worker demands ₹500 per day. If this worker is hired then all other workers must be paid ₹500. The marginal resource (labour) cost of the 8th worker is ________.
- ₹850
- ₹100
- ₹400
- ₹50