Managerial Economics - 22

LIST OF ATTEMPTED QUESTIONS AND ANSWERS True/False Question The damage being done by the factories at and around Agra to Taj Mahal is an example of social cost for private benefit. Correct Answer True Your Answer True Multiple Choice Single Answer Question The Risk theory of profit was developed by Correct Answer Hawley Your Answer Hawley Multiple Choice Multiple Answer Question Index numbers may broadly be classified as Correct Answer Price indices , Quantity indices , Special purpose indices Your Answer Price indices , Quantity indices , Special purpose indices Multiple Choice Single Answer Question Expansion of supply is shown by the movement in the supply curve which is Correct Answer upward Your Answer upward Multiple Choice Multiple...

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Posted in: Managerial Economics (Set VII)

Managerial Economics - 21

LIST OF ATTEMPTED QUESTIONS AND ANSWERS True/False Question Macro economic studies are based on empirical evidence. Correct Answer True Your Answer True Select The Blank Question According to the World Bank's approach, the trade able items would be valued at the corresponding world prices and the non-trade able items at the ________. Correct Answer shadow prices Your Answer market prices Multiple Choice Single Answer Question The study of the working and allocation of resources in the free market economies is the topic in the Correct Answer theory of price Your Answer theory of price Multiple Choice Single Answer Question Costs which increase because of the expansion of a firm are called Correct Answer incremental Your Answer incremental True/False...

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Posted in: Managerial Economics (Set VII)

Managerial Economics - 20

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Multiple Answer Question Types of Share capital of Joint-Stock Company are Correct Answer registered or authorized capital , issued capital , paid-up capital Your Answer registered or authorized capital , issued capital , paid-up capital Match The FollowingQuestion Correct Answer Your AnswerEquilibrium price is the price where the quantity demanded equals quantity supplied quantity demanded equals quantity suppliedExcess supply can be defined as quantity supplied minus quantity demanded. quantity supplied minus quantity demanded.Tea and sugar Complimentary goods Complimentary goodsExcess demand can be defined as quantity demanded minus quantity supplied quantity demanded minus quantity supplied Multiple Choice Single...

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Posted in: Managerial Economics (Set VII)

Managerial Economics - 19

LIST OF ATTEMPTED QUESTIONS AND ANSWERS ME3 Question In the context of formulation of an investment project, ________ feasibility means the availability of land, plant, machinery, raw materials and technical know how etc. Correct Answer technical Your Answer infrastructure Question Scarcity of resources is the root cause of economic problem. Correct Answer True Your Answer True Question Inflation reduces the purchasing power of people's income and savings. Correct Answer True Your Answer True Question Demand for safety pins is ________ Correct Answer inelastic Your Answer relatively inelastic Question Reasonable profit target as an alternative to the objective of profit maximization was suggested by ________. Correct Answer Joel Dean...

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Posted in: Managerial Economics (Set VI)

Managerial Economics - 18

LIST OF ATTEMPTED QUESTIONS AND ANSWERS ME2 Question A responsible factor for inflation is Correct Answer hike in prices Your Answer hike in prices Question Economists call all human resources as Correct Answer labor Your Answer labor Question The wage and salary earners who get fixed income in terms of money are benefited during inflation. Correct Answer False Your Answer False Question Over the years in India the govt. expenditure is Correct Answer increasing Your Answer increasing Question Given the price, if the cost of production increases because of higher price of raw materials, the supply Correct Answer decreases Your Answer decreases Question All the man made resources which are used in the process of making other...

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Posted in: Managerial Economics (Set VI)

Managerial Economics - 17

LIST OF ATTEMPTED QUESTIONS AND ANSWERS ME1 Question In India, the first phase of economic reforms is believed to have begun in 1985 when Vishwanath Pratap Singh was the Prime Minister of the country. Correct Answer False Your Answer False Question Price discrimination is possible in case of Correct Answer public utilities with legal sanction , personnel services sold , geographical barriers Your Answer public utilities with legal sanction , personnel services sold , geographical barriers Question The methods of calculating depreciation is Correct Answer Diminishing Balance Method , Annuity Method , Service Unit Method Your Answer Diminishing Balance Method , Annuity Method , Service Unit Method Question Correct Answer Your AnswerBreak even point...

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Posted in: Managerial Economics (Set VI)

Managerial Economics - 16

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Every nation’s resources which are used to produce the quantities of goods and services that would be required to satisfy all its citizen’s wants are Correct Answer insufficient Your Answer insufficient Match The FollowingQuestionCorrect AnswerYour AnswerManagerial economicsDecision making and forward planningDecision making and forward planningResourcesscarcescarceCommoditiesgoods and servicesgoods and servicesHuman wantsunlimitedunlimitedGeneral Theory of Employment, Interest and MoneyJ. M. KeynesJ. M. Keynes Multiple Choice Single Answer Question The feasibility, which includes the prospects of employment generation, development of backward areas, social groups comprises of Correct Answer Economic feasibility...

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Posted in: Managerial Economics (Set V)

Managerial Economics - 15

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Pure public goods are subject to the law of decreasing average cost, because of the Correct Answer economies of scale Your Answer economies of scale Multiple Choice Single Answer Question In the cost - benefit analysis, after formulating various alternative project capacity, each of them has to be examined in terms of its Correct Answer feasibility Your Answer feasibility True/False Question Bargaining is one of the remedies of corrective action. Correct Answer False Your Answer True Match The FollowingQuestion Correct Answer Your AnswerDefence service Indivisible IndivisibleEconomic effects of public goods are Spill over effect Spill over effectSelection or implementation...

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Posted in: Managerial Economics (Set V)

Managerial Economics - 14

Multiple Choice Single Answer Question The study of the working and allocation of resources in the free market economies is the topic in the Correct Answer theory of price Your Answer theory of production Multiple Choice Single Answer Question Managerial economics aims at providing help in the firms is Correct Answer decision making Your Answer decision making True/False Question The federal government of U.S.A. does not face the basic economic problem. Correct Answer False Your Answer False Multiple Choice Single Answer Question In equilibrium analysis of a firm, it is assumed that every individual proprietor exhibits rational economic Correct Answer behavior Your Answer behavior Match The FollowingQuestionCorrect AnswerYour AnswerManagerial EconomicsPrescriptive in natureThe...

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Posted in: Managerial Economics (Set V)