Dear Friends,
We are posting prelims marathon MCQs for today. In this initiative, you can attempt 10 subjective MCQs on a daily basis. For schedule, refer to the archive link given below.
| For Prelims marathon archive – click here |
Start Quiz
Marking Pattern
Correct Answer : 2
Wrong Answer : -0.66
Your Score Card
Total Number of Questions : 9
Total Not Attempted Questions : 0
Total Correct : 8
Total Wrong : 1
You have scored
15.34 / 18
The law of comparative advantage is popularly attributed to English political economist David Ricardo, although it is likely that Ricardo’s mentor James Mill originated the analysis.
Comparative advantage is an economic term that refers to an economy’s ability to produce goods and services at a lower opportunity cost than that of trade partners.
*“A graph showing those combinations of the two commodities that leave the consumer equally well off or equally satisfied is called indifference curve.
*Autarky: The idea of self-sufficiency and ‘no’ international trade by a country.
Very nice
does Internal Debt include” External Assistance”?
That one is wrong. No option is correct there. Even, I think Securities issued to International Financial Institutions is also not a part of internal debt.
Ya true
yes ans should be 1 and 4
6/10
Good attempt, practice more
5/10
Thanks for attempting, keep practicing
i think 7th question is wrong as internal debt will not consist of external assistance and short term borrowing from international institutions