Hello and welcome to ExamPundit. Here is a Set of General Knowledge Quiz for SSC, RRB NTPC 2016 conducted by Aries Fire. If you want to conduct your own quiz, you can always mail us at firstname.lastname@example.org and after 10 sets hosted by you, we will dedicate a special page for your quizzes.
1. If the price of inferior goods falls , its demand?
- remains constant
- can be any of the above
2. Equilibrium is a condition that can?
- never change
- changes only if some outside factor changes
- changes only if some internal factor changes
- changes only if government policy changes
3. When the marginal utility is zero, the total utility is ?
4. In economics production means?
- creating utility
5. Seawater, fresh air, etc are regarded in economics is?
- giffen goods
- inferior goods
- Free goods
- Normal goods
6. Which is the most essential function of an entrepreneur?
- risk bearing
7. Purchasing power parity theory is related with?
- interest rate
- bank rate
- wage rate
- exchange rate
8. A refrigerator operating in a chemist shop is an example of?
- free good
- final good
- producers good
- consumers good
9. Cross elasticity of demand between petrol and car is ?
10. Price theory is also known as?
- macro economics
- development economics
- public economics
- micro economics
- UPSC-Unpredictable S Commision
- Kushagra Singh