A. Oil firms B. Monopolistic competitive firm C. Monopolistic firm D. Perfectly competitive firm Correct Answer: Option C - Monopolistic…
A. defacto and dejure B. increasing and decreasing C. over and under D. optimum Correct Answer: Option A - defacto…
A. objective B. economy C. convenience D. certainty Correct Answer: Option A - objective Explanation There are four principles given…
A. localization of industries B. roles of industrialization C. location of industry D. strategies of industrialization Correct Answer: Option A…
A. stock exchange market B. imperfect market C. perfect market D. exchange market Correct Answer: Option C - perfect market…
A. Generate employment B. Source of government revenue C. development of mono-economy D. Infrastructure development Correct Answer: Option C -…
A. import duty B. excise duty C. company tax D. value-added tax Correct Answer: Option B - excise duty Explanation…
A. A constant change in price B. A rise in prices C. An unequal fall in prices D. A proportionate…
A. wants B. Scarcity C. Opportunity Cost D. Scale of Preference Correct Answer: Option B - Scarcity Explanation Scarcity refers…
A. issuing currency B. increasing cash ratio C. issuing cheque D. lending to borrowers Correct Answer: Option D - lending…