IMPORTANT MCQS FOR CA FOUNDATION ECONOMICS AND OTHER COMPETITIVE EXAM

IMPORTANT MCQS AND IMPORTANT POINTS FOR CA FOUNDATION ECONOMICS AND OTHER COMPETITIVE EXAM

´  IMPORTANT MCQS AND IMPORTANT POINTS
FOR CA FOUNDATION ECONOMICS AND OTHER COMPETITIVE EXAM

´  OBJECTIVE TYPE QUESTIONS

´  MATCH THE FOLLOWING:-

a)    SCIENCE OF WEALTH   1 MARSHALL

b)    SCIENCE OF WELFARE  2 SAMUELSON

c)    SCIENCE OF GROWTH  3. ROBBINS

d)    SCIENCE DEALING WITH SCARCITY 4 ADAM SMITH

A.    4,1,2,3 RIGHT ANSWER IS A

B.    1,2,3,4

C.    2.1.3.4

D.    4,3,2,1

REVISION OF PRICE DETERMINATION UNDER OLIGOPOLY FOR CA FOUNDATION ECONOMICS AND COMPETITIVE EXAM

REVISION OF THEORY OF CONSUMER BEHAVIOR FOR CA FOUNDATION

REVISION OF THEORY OF CONSUMER BEHAVIOR ALONG WITH OBJECTIVE QUESTIONS

•   REVISION OF THEORY OF CONSUMER BEHAVIOR
THEORY PLUS OBJECTIVE QUESTIONS
CA FOUNDATION

COMPETITIVE EXAM

•    THEORY OF CONSUMER BEHAVIOR

1.       ARE CONCERNED WITH THE DECISION MAKING BEHAVIOR OF THE CONSUMER

2.       EACH CONSUMER HAS DEMAND CURVE THAT CAN BE PLOTTED AGAINST PRICE OF ANY COMMODITY

3.       A DEMAND CURVE GIVES A SIMPLE INFORMATION AS TO HOW MUCH COULD BE HAD AT CERTAIN PRICE AND VICE VERSA

4.       BUT STILL SOME QUESTIONS STILL REMAIN LIKE WHY DOES A REDUCTION IN THE PRICE OF A CAUSES ONE TO CUT DOWN A LITTLE BIT ON ONE’S B PURCHASE

5.       THE FUNDAMENTAL POSTULATES OF THE CONSUMPTION THEORY IS THAT A CONSUMER AN INDIVIDUAL OR HOUSEHOLD IS AN UTILIZING MAXIMIZING ENTITY

6.       THE CONSUMER WANTS TO GET MAXIMUM TOTAL UTILITY GIVEN HIS RESOURCES AND MARKET CONDITIONS

7.       ALFRED MARSHALL WAS THE MAIN EXPONENT OF THIS UTILITY THEORY

REVISION OF MARKET STRUCTURE 2 MICRO ECONOMICS

REVISION OF MARKET STRUCTURE 2 MONOPOLISTIC COMPETITION WITH THEORY AND OBJECTIVE QUESTIONS

• REVISE ECONOMICS FOR COMPETITIVE EXAM
  MARKET STRUCTURE 2
  MONOPOLISTIC ( THEORY ALONG WITH OBJECTIVE TYPE QUESTIONS)
  ECONOMICS FOR COMPETITIVE EXAM
• MONOPOLISTIC COMPETITION

QUICK REVISION OF MARKET STRUCTURE FOR MICRO ECONOMICS

REVISION OF LONG RUN AVERAGE COST CURVE FOR COMPETITIVE EXAM

LONG RUN AVERAGE COST CURVE ALONG WITH THEORY AND OBJECTIVE QUESTIONS

   REVISE ECONOMICS FOR COMPETITIVE EXAM ALONG WITH THEORY AND OBJECTIVE QUESTIONS
LONG RUN AVERAGE COST CURVE
ECONOMICS FOR COMPETITIVE EXAM

   THE OBJECTIVE TYPE QUESTIONS

   THE LOCUS OF POINTS REPRESENTING THE LEAST UNIT COST OF PRODUCING DIFFERENT OUTPUT IS CALLED:-

1.       SAC

2.       SMC

3.       LMC

4.       LAC SO THE RIGHT ANSWER IS LAC

QUICK REVISION OF IMPORTANT POINT OF MICRO ECONOMICS FOR COMPETITIVE EXAM

• QUICK REVISION OF IMPORTANT POINT OF MICRO ECONOMICS FOR COMPETITIVE EXAM LEC 2
• PERFECT MARKET
• MONOPOLY
• CLASSIFICATION OF MARKET STRUCTURES
• PERFECT COMPETITION:A PERFECT COMPETITIVE MARKET IS CHARACTERIZED BY COMPLETE ABSENCE OF RIVALRY AMONG THE INDIVIDUAL FIRMS.
• ASSUMPTIONS:-

QUICK REVISION FOR MICRO ECONOMICS FOR COMPETITIVE EXAM

QUICK REVISION OF IMPORTANT POINT OF MICRO ECONOMICS FOR COMPETITIVE EXAM

   QUICK REVISION OF IMPORTANT POINT OF MICRO ECONOMICS FOR COMPETITIVE EXAM

   MICRO ECONOMICS

1. THE PRODUCTION FUNCTION IS A PURELY TECHNICAL RELATION WHICH ESTABLISHES RELATION BETWEEN FACTOR INPUTS AND OUTPUTS
2. A METHOD OF PRODUCTION IS A COMBINATION OF FACTOR INPUTS REQUIRED FOR THE PRODUCTION OF ONE UNIT OF OUTPUT