RPSC ATP Mock Test Series + Sectional Tests View Details Join us on Social media: Exam Assure updates regularly on WhatsApp Join WhatsApp Group Join Now 0% 06 ArchPlan Quiz (Pr) 05 Questions- 05 Minutes 1 / 5 Consider the following statements:Under market mechanism the demand and supply are equal.The price is equilibrium when the goods demanded and supplied are equal.When the price decreases, supply decreases.When the price Increases, supply increases.Of these statements (II) alone is correct All are correct (I), (II) and (III) are correct (II), (III) and (IV) are correct 2 / 5 Market mechanism is one In which the resource allocation is determined by Govt. based on economic plan In which consumers & businessmen interact through markets In which both private & public institutions only exercise control In which public institutions only exercise control 3 / 5 In economics the input falls into which of the following?Natural resourcesLabourCapitalTechnologyOf these (I) (II), (III) & (IV) (II), (III) & (IV) (I), (II) & (III) (I), (II) & (IV) 4 / 5 In the case of 'air pollution' when a factory emits smoke that harms the local people and damages their health & property and yet the firms does not pay for these costs.The above effect is called Market economy Opportunity cost Externalities External Economics 5 / 5 Identify the correct sequence of steps involved in project cost-benefit analysis.Use codes to give correct answer.Specification of the projectEvaluation of costs & benefitsListing cost elements & benefit elementsDiscounting the future to Its present value (I), (II), (III) & (IV) (I), (III), (II) & (IV) (I), (IV), (III) & (II) (I), (II), (IV) & (III) Your score is 0% Restart quiz View More Details