MPTET Exam - Social Science - 3-3-2025
1. The income effect of Giffen goods is:
- A. Zero
- B. Negative
- C. Positive
- D. Sometimes negative and sometimes positive
Answer: B. Negative
2. In perfect competition, the price elasticity of demand for an individual firm is:
- A. Zero
- B. Infinite
- C. Unit
- D. None of the above
Answer: B. Infinite
3. A monopolist can earn abnormal profits:
- A. In the short run
- B. In the long run
- C. Both A and B
- D. None of the above
Answer: C. Both A and B
4. In Keynes' theory of employment, under full employment, the aggregate supply curve becomes:
- A. Horizontal
- B. Vertical
- C. Sloping at 45°
- D. None of the above
Answer: B. Vertical
5. During the reign of which Sultan was the Vijayanagar Empire established?
- A. Ghiyas-ud-Din Tughlaq
- B. Mubarak Shah
- C. Muhammad bin Tughlaq
- D. Qutb-ud-Din Aibak
Answer: C. Muhammad bin Tughlaq