Name of Section:

Senior Officer (Financial Analyst) 2020 [MCQ]

21. Ed = 0 means__

[Senior Officer (Financial Analyst) 2020 [MCQ] : 2020]

1. perfectly elastic

1

2. perfectly inelastic

2

3. Unit elastic

3

4. none of the above

4
Answer
22. A measure of satisfaction in economics is denoted as__

[Senior Officer (Financial Analyst) 2020 [MCQ] : 2020]

1. demand

1

2. supply

2

3. utility

3

4. satisfaction

4
Answer
23. Which one of the following is not the characteristics of indifference Curves?

[Senior Officer (Financial Analyst) 2020 [MCQ] : 2020]

1. They we downward sloping

1

2. They are comes to the origin

2

3. They do not intersect

3

4. They are concave to the origin

4
Answer
24. The cost which is incurred in the past that cannot be changed by current decision and therefore cannot be recovered is called__

[Senior Officer (Financial Analyst) 2020 [MCQ] : 2020]

1. sunk cost

1

2. fixed cost

2

3. variable cost

3

4. total cost

4
Answer
25. The degree of inequality in the income distribution can be measured by__ efficiency plotting

[Senior Officer (Financial Analyst) 2020 [MCQ] : 2020]

1. pie chart

1

2. gini coefficient

2

3. Pittsburg hypothesis

3
Answer

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