Welcome to Economics Daily Static MCQ’s 20/03/24 .

Total Questions: 5

Q1. Economic cost includes

a. Accounting costs + explicit costs

b. Accounting costs + implicit costs

c. Total revenue + explicit costs

d. Total revenue + implicit costs

Q2. Marginal revenue under perfect competition

a. Less than average revenue

b. More than average revenue

c. Equal to zero

d. Equal to average revenue

Q3. Which of the following correctly explains the concept of Pareto optimal/efficient?

a. An Economic state when no further changes in the economy can make one person better off without at the same time making another worse off.

b. An Economic state when further changes in the economy can make all persons better off

c. An Economic state when further changes in the economy can make all persons worse off.

d. An Economic state of status quo

Q4. Which of the following are liabilities of a bank

a. 1, 2, 3 and 4

b. 1, 2 and 4 only

c. 2, 3 and 4 only

d. 2 and 4 only

Q5. Consider the following statements regarding cash reserve ratio

Which of the statements given above is/are correct?

a. 1 only

b. 2 only

c. Both 1 and 2

d. Neither 1 nor 2

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Economics Daily Static MCQ’s 20/03/24