MCQ
IMR is the number of mortality before completing
- A1 year of age
- ✓5 years of age
- C3 years of age
- D10 years of age
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| a) | Trade policy | 1999 |
| b) | Crop insurance | 2017 |
| c) | New industrial policy | 1994 |
| d) | Cash reserve ratio | 1991 |
| a) | Laws of returns to scale | Short run | |
| b) | Laws of variable proportion | Long run | |
| c) | Mp | $\frac{\Delta AP }{\Delta N }$ | |
| d) | Q | f(N. L, K, T) |
| 1) | Explicit cost | 1) | Book cost |
| 2) | Implicit cost | ii) | External cost |
| 3) | Social cost | iii) | Transfer cost |
| 4) | Opportunity cost | iv) | Money cost |