Economy under Colonial Rule

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Economy under Colonial Rule: Overview

This topic covers concepts such as, Economy under Colonial Rule etc.

Important Questions on Economy under Colonial Rule

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 1

In which year was the Permanent Settlement introduced?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 2

Which system of land revenue collection was prevalent in the Madras Presidency during British rule?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 3

Which Act allowed British officials to confiscate the property of Indian farmers?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 4

What was the main focus of the British colonial economic policies?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 5

Who introduced the Permanent Settlement system in India?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 6

How can opportunity cost influence a firm’s decision on production and supply?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 7

Discuss the factors that can shift the supply curve of a firm.

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 8

Explain how the long-run supply curve of a firm is derived from its cost curves.

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 9

How does a firm’s supply curve react to changes in technology?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 10

What happens to a firm’s supply curve when a unit tax is imposed?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 11

At the market price of Rs 10, a firm supplies 4 units of output. The market price increases to Rs 30. The price elasticity of the firm’s supply is 1.25. What quantity will the firm supply at the new price?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 12

The market price of a good changes from Rs 5 to Rs 20. As a result, the quantity supplied by a firm increases by 15 units. The price elasticity of the firm’s supply curve is 0.5. Find the initial and final output levels of the firm.

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 13

A firm earns a revenue of Rs 50 when the market price of a good is Rs 10. The market price increases to Rs 15, and the firm now earns a revenue of Rs 150. What is the price elasticity of the firm’s supply curve?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 14

What is the break-even point of a firm?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 15

What is the shut down point of a firm in the short run?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 16

If a firm's marginal cost curve is downward sloping, can it still be at a profit-maximising output level? Explain why or why not.

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 17

How can you find the profit-maximising level of output for a firm in a competitive market?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 18

Explain how the price elasticity of supply can be derived geometrically from a straight line supply curve.

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 19

How do changes in market prices affect a firm’s revenue in a perfectly competitive market?

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Other Subjects>Indian Economy on the Eve of Independence>Economy under Colonial Rule> Q 20

What does the price elasticity of supply mean? How do we measure it?