1. Public enterprises have shown a very high rate of return of the capital invested
[A]TRUE
[B]FALSE
2. Public enterprises may incur some social costs which private enterprise may not bear.
[A]TRUE
[B]FALSE
3. Pure (Net) profit contains an element of monopoly profit.
[A]TRUE
[B]FALSE
4. Pure inflation starts only after reaching the full employment level.
[A]TRUE
[B]FALSE
5. Pure private goods are completely divisible and to them the principle of exclusion applies in full measure.
[A]TRUE
[B]FALSE
6. Pure public goods must be in the hands of public sector only.
[A]TRUE
[B]FALSE
7. Resources are said to be involuntarily un employed when their wastage occur.
[A]TRUE
[B]FALSE
8. Robert Owen was a railroad builder in America.
[A]TRUE
[B]FALSE
9. Safety needs are those where the person feel important and must also receive recognition from others.
[A]TRUE
[B]FALSE
10. Saving is a private virtue
[A]TRUE
[B]FALSE
11. Scarcity of resources is the root cause of economic problem.
[A]TRUE
[B]FALSE
12. Social costs cannot be included in a firm's account book.
[A]TRUE
[B]FALSE
13. Supply management is related to the volume of supply & its distribution system.
[A]TRUE
[B]FALSE
14. The concept of economic profit differs from that of normal profit.
[A]TRUE
[B]FALSE
15. The concept of selling costs is relevant under perfect competition.
[A]TRUE
[B]FALSE
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