The long-run average cost curve is often called the: MCQ with Answer and Explanation

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The long-run average cost curve is often called the:

A. indifference curve

B. planning curve or envelope curve

C. demand curve

D. marginal cost curve

Answer: Option B

Solution (By JKSSB Mock Tests)

The long-run average cost curve is also called the planning curve or envelope curve.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'International Court of Justice' is headquartered at:

A. Vienna

B. New York

C. The Hague

D. Geneva

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Correct Answer: Option C

Explanation:
The International Court of Justice is headquartered at The Hague, Netherlands.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Bharat Bill Payment System' is operated by:

A. SBI

B. RBI

C. SEBI

D. NPCI

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Correct Answer: Option D

Explanation:
BBPS is operated by NPCI for bill payments.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Swachh Bharat Mission' aims to achieve:

A. only water supply

B. only rural roads

C. open defecation free India and solid waste management

D. only urban sanitation

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Correct Answer: Option C

Explanation:
Swachh Bharat Mission aims at open defecation free India and solid waste management.

This question belongs to: Economy GK Economy Set 1

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