Class XII

Calculate Purchase on Investment. The information is Opening balance of Investment – Rs. 2,50,000, closing balance Investment – Rs. 5,00,000, Sale – Rs.1,37,500, Profit on sale – Rs.12,500.
  1. Rs. 3,75,000
  2. Rs. 2,50,000
  3. Rs. 3,50,000
  4. Rs. 2,75,000
For a farmer increasing sacrifice of potatoes for each unit of onions will produce _______ shape of his PPC.
  1. Hyperbola
  2. Straight
  3. Concave
  4. Convex
A PPC can shift its position if and only if
  1. If technology remains constant
  2. None of these
  3. If technology improves
  4. If resources remain constant
What to produce also deal with what quantities to produce.
  1. Yes
  2. Can’t say
  3. No
  4. May be
The branch of economics dealing with the problem of allocation of resources is
  1. Microeconomic Theory
  2. Macroeconomic Theory
  3. Scarcity Concept
  4. Allocation of resources
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