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231.

Utility of the last unit is called as:

A.	Marginal utility	B.	Initial utility
C.	Total utility	D.	Zero utility

232.

The amount added to total cost for producing additional unit of output is known as:

A.	Marginal cost	B.	Average cost
C.	Total cost	D.	None of them

233.

Utility in economics means:

A.	Usefulness	B.	Pleasure
C.	Want-satisfying power of a commodity	D.	Satisfaction

234.

Uniform interest rate policy is not justified from the viewpoint of economic soundness because it does not take into account:

A.	Size of loan	B.	Risk
C.	Distance	D.	All above

235.

The assets that are difficult to convert into cash to meet any current obligations are:

A.	Working assets	B.	Current assets
C.	Fixed assets	D.	None of the above

236.

The author of the "wealth of nations" was:

A.	Marshall	B.	Ricardo
C.	Robbins	D.	Adam Smith

237.

Under the crop loan system, the farmer is given loan in the form of:

A.	Cash	B.	Kind
C.	Partly case and partly kind	D.	None of these

238.

Total output is maximum t the point when:

A.	Average product is maximum	B.	Average product is zero
C.	Marginal product is zero	D.	Marginal product is maximum

239.

Total cost is equal to:

A.	Fixed cost + Variable cost	B.	Fixed cost + Variable cost/100
C.	Fixed cost - Variable cost	D.	None of the above

240.

The Canons of taxation were given by:

A.	Adam Smith	B.	Rob ins
C.	Pigou	D.	Marshall