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Economics Past Questions and Answers

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Economics Questions

Question 3731:

Farm produce are graded, packed and distributed by

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A Purchasing co=operatives
B Agricultural co-operative banks
C Consumer co-operative society
D Marketing co-operatives
E Wholesale co-operatives

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Question 3732:

Localization of industries is

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A The industrialization of a country
B The concentration of the firm of an industry in a particular area
C The location of a firm at a particular locality
D The economic development of a locality
E Governement intervention in the location of industries

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Question 3733:

Which of the following correctly illustrates the chain of distribution?

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A Manufacturer -> wholesaler -> retailer consumer
B Consumer -> retailer -> wholesaler -> manufacturer
C Wholesaler -> manufacturer -> retailer -> consumer
D Distributor -> consumer -> wholesaler -> manufacturer
E Producer -> manufacturer -> wholesaler -> retailer

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Question 3734:

The natural growth rate of a population is the

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A Death rate plus net immigration
B Rate of migration divided by birth rate
C Birth rate minus death rate
D Sum of birth rate and net immigration rate
E Sum of birth rate and death rate

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Question 3735:

Decreasing returns to scale implies ta if all factors of production are doubled, output will be

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A More than doubled
B Less than doubled
C Doubled
D Unchanged
E Trebled

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