Due to which of the following reasons do marginal returns change from increasing returns to diminishing returns?
(A) Unequal efficiency of different units of variable factor
(B) Increase in fixed costs
(C) Unequal efficiency of employed workers
(D) when we go beyond optimum output
Profit-not-profit situation production is the output in which the producer……….
(A) can recover only the operating cost.
(B) can recover the total cost.
(C) can erase past losses.
(D) can make normal profit
The political capital of Ranjit Singh was Lahore. Which city was called his religious capital?
(A) Amritsar
(B) Anandpur Sahib
(C) Gujranwala
(D) Peshawar
Indian Constitution was adopted on?
(A) 26 January 1950
(B) 26 January 1949
(C) 26 November 1949
(D) 26 January 1951
Write the name of the President of the Constituent Assembly of India?
(A) Dr. Rajendra Prasad
(B) Jawaharlal Nehru
(C) M. A. Jinnah
(D) Lal Bahadur Shastri
Our national anthem was sung on which date and where?
(A) 27 December 1911 in Calcutta
(B) 27 December 1911 in Allahabad
(C) 27 December 1911 in Delhi
(D) 27 December 1911 in Jaipur
One of the essential conditions of perfect competition is?
(A) Differentiation in products
(B) Variety of prices for the same products at any one time
(C) More sellers but fewer buyers
(D) The same price for the same goods at any one time
'Poot determines his own demand' - Whose statement is this?
(A) Adam Smith
(B) J. B. Se.
(C) Marshal
(D) Ricardo
Which one of the following items is in line with the definition of oligopoly?
(A) Cigarette Industry
(B) Barber Shop
(C) Gasoline Station
(D) Farmers who grow wheat
Which committee did Dr. Rajendra Prasad elect as the first President of India?
(A) the electoral college
(B) the people of India
(C) the Constituent Assembly
(D) Parliament
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