Himachal Pradesh Statistical Assistant Exam 31 Oct 2020 (Official Answer Key)

161. The cost of one thing in terms of the alternative given up is called
(A) Real cost
(B) Production cost
(C) Physical cost
(D) Opportunity cost

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162. The Horizontal demand curve parallel to X-axis implies that the Elasticity of Demand is
(A) Zero
(B) Infinite
(C) Equal to one
(D) Greater than zero but less than infinity

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163. In short run, when the output of a firm increases, its average fixed cost
(A) Remains constant
(B) Decreases
(C) Increases
(D) First decreases and then rises

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164. Who propounded the opportunity cost theo
(A) Ricardo
(B) Marshall
(C) Heckscher & Ohlin
(D) Haberler

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165. Ten Rupees is the equilibrium price for good X. If Govt. fixed the price at ₹ 5, there is
(A) Surplus
(B) Loss
(C) Excess supply
(D) A shortage

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166. What does price flooring mean ?
(A) Shortage
(B) Surpluses
(C) Equilibrium
(D) None of these

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167. The goal of pure market economy is to meet the desire of
(A) Consumers
(B) Companies
(C) Workers
(D) The Govt.

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168. In which year first five year plan was launched ?
(A) 1950
(B) 1951
(C) 1952
(D) 1953

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169. In which year planning commission was established in India ?
(A) 1952
(B) 1951
(C) 1950
(D) 1955

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170. In which year “20 point programme” was initiated for the first time in India ?
(A) 1972
(B) 1970
(C) 1999
(D) 1975

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