(A) Problem Recognization
(B) Feasibility study
(C) Scope study
(D) Rapid prototyping
__ is the process of deriving logical conclusions from given facts.
(A) Execution
(B) Representation
(C) Planning
(D) Reasoning
Which reasoning is based on forming or inducing a generalization from a limited set of observations?
(A) Abductive
(B) Analogical
(C) Deductive
(D) Inductive
We can get optimal solution given some parameters using Genetic Algorithm?
(A) True
(B) False
Imputed gross rent of owner occupied buildings is a part of?
(A) Intermediate consumption
(B) Final consumption
(C) Capital formation
(D) Consumer durable
Free trade refers to?
(A) Unrestricted exchange of goods and service
(B) Movement of goods free of cost
(C) Free movement of goods from one country to another
(D) Trade free of duty
Economies of scale means reduction in?
(A) Total cost of distribution
(B) Total cost of production
(C) Unit cost of production
(D) Unit cost of distribution
When the total product rises at an increasing rate the?
(A) Marginal product is rising
(B) Marginal product is zero
(C) Marginal product is falling
(D) Marginal product remains constant