Question : India produces two commodities: X and Y. Its production possibilities are shown in the following table:
Calculate MRT for the possibility C.
Option 1: 5:1
Option 2: 4:1
Option 3: 6:1
Option 4: 2:1
Correct Answer: 5:1
Solution :
MRT for possibility C = 5:1. Hence, the correct option is 1. (MRT) = MCx / MCy It is a ratio of the total cost of producing one extra unit of goods for marketing firm X, as indicated by the formula MCx, and the rate of production raised by slowing down the production of goods for another company Y, indicated by the formula MCy.
College Comparison based on Courses, Placement, Rank, Fee
Question : In the world, India tops in the production of:
Option 1: Nickel
Option 2: Uranium
Option 3: Mica
Option 4: Manganese
Question : The Green Revolution in India primarily focused on the production of which crop?
Option 1: Wheat
Option 2: Rice
Option 3: Millets
Option 4: Pulses
Question : The Green Revolution in India was primarily aimed at increasing the production of:
Option 3: Cotton
Option 4: Sugarcane
Question : In India,'Yellow revolution' is associated with
Option 1: production of paddy
Option 2: production of oilseeds
Option 3: production of tea
Option 4: production of flower
Question : Which state in India ranks first in milk production as per data for 2020-21?
Option 1: Gujarat
Option 2: Andhra Pradesh
Option 3: Rajasthan
Option 4: Uttar Pradesh
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile