Managerial Economics SCDL Assignments SCDL Assignment on Managerial Economics List Of Attempted Questions And Answers Select The

Blank Question The sum of all individual demands constitutes________ Correct Answer market demand Your Answer market demand True/False Question Under perfect competition, price is determined by the interaction of total demand and total supply in the market. Correct Answer False Your Answer True Multiple Choice Single Answer Question Price of a product under perfect competition is determined by the interaction of total supply and Correct Answer total demand Your Answer total demand Select The Blank Question The cost which enter the accounts book of the firm are referred as ________. Correct Answer Accounting cost Your Answer Accounting cost Multiple Choice Multiple Answer Question Keynes’s theory of employment explains Correct Answer Effective demand , Aggregate supply , Aggregate demand Your Answer Effective demand , Aggregate supply , Aggregate demand Multiple Choice Single Answer Question The type economic problem is Correct Answer universal Your Answer universal Multiple Choice Single Answer Question An individual consumer or particular market for a given commodity are the subject matter of Correct Answer Micro Economics Your Answer Micro Economics Multiple Choice Multiple Answer

Question Features of the firm are Correct Answer It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company Your Answer It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company Multiple Choice Single Answer Question Whether the economy's capacity to produce goods and services is growing from year to year or remaining static is studied under the Correct Answer Theory of economic growth Your Answer Theory of economic growth Multiple Choice Multiple Answer Question Co-operative organizations is Correct Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members Your Answer voluntary organization , managed by democratic principle , non profit motive organization Multiple Choice Multiple Answer Question Assumptions underlying the law of Supply are Correct Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged Your Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged True/False Question Macro-economies is a policy oriented science. Correct Answer True Your Answer True 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 Single Answer Question Liability of a sole trader is Correct Answer unlimited Your Answer unlimited Select The Blank Question If the output rises in the greater proportion than that of the increase in factor inputs, it is referred to as ________. Correct Answer increasing returns to scale.

Your Answer increasing returns to scale. Select The Blank Question An upward sloping demand curve is called ________ Correct Answer exceptional demand curve Your Answer exceptional demand curve 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 Multiple Choice Single Answer Question The act of making goods and services is called Correct Answer production Your Answer production Multiple Choice Single Answer Question Question related to the efficient production and allocation belong to the branch of economic theory called Correct Answer Welfare Economics Your Answer Welfare Economics Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answer consumption Your Answer consumption Multiple Choice Multiple Answer Question Explicit costs are Correct Answer Out of pocket costs , These are firms accounting expenses , Expenditure costs Your Answer Out of pocket costs , These are firms accounting expenses , Expenditure costs Select The Blank Question In the 3rd stage of operation of the law of variable proportions, the marginal product becomes ________. Correct Answer negative Your Answer negative True/False Question The Keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment.

Correct Answer Sole trader .Correct Answer False Your Answer False Multiple Choice Single Answer Question The things that are produced by factors of production are called Correct Answer commodities Your Answer commodities Select The Blank Question By ' profits'. Wage rate increase Your Answer More employment opportunities . Increase in profitability . Correct Answer Explicit costs Your Answer Explicit costs Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have knowledge which is Correct Answer perfect Your Answer perfect Match The Following Question Correct Answer Your Answer Resource allocation decisions in free market economy Theory of price Theory of price Economic problem Universal Universal Managerial Economics Applied branch of knowledge Applied branch of knowledge Inflation Reduction in purchasing power Theory of price Waste of resources Involuntary unemployment Involuntary unemployment Multiple Choice Multiple Answer Question 16. Wage rate increase Select The Blank Question Supply is predominantly determined by ________. Correct Answer stock Your Answer demand Select The Blank Question The form of organization which is best for self employment is ________. Increase in profitability . The phase of recovery denotes Correct Answer More employment opportunities . the accountant means total revenue minus________.

consumption also increases. Third party effects . but proportionately Correct Answer less Your Answer less Multiple Choice Single Answer Question The Risk theory of profit was developed by Correct Answer Hawley Your Answer Hawley True/False Question The congress government led by Narsimha Rao announced the New Industrial Policy in July 1991.Your Answer Sole trader Multiple Choice Single Answer Question The suggestion of maximization of balanced growth rate as another alternative objective of a firm's profit is suggested by Correct Answer Prof.firms are free to enter and exit in the market. Correct Answer True Your Answer True Multiple Choice Single Answer Question J. Morris Your Answer Baumol True/False Question Under perfect competition. observed that as income increases. Neighborhood effects .M. on the basis of a fundamental psychological law of consumption. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The term externalities may also be referred as: Correct Answer Spill-over effects . Keynes. Correct Answer True Your Answer True Select The Blank Question Perfectly elastic demand curve is ________ Correct Answer horizontal Your Answer horizontal True/False Question The distinction between fixed costs and variable costs is relevant in the short period only.

Service Unit Method Match The Following Question Correct Answer Your Answer Human wants unlimited unlimited General Theory of Employment. ________ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally. Neighborhood effects . Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Features of Market are Correct Answer Place where buyers and sellers meet each other . Third party effects Multiple Choice Multiple Answer Question Methods of forecasting demand for new products are Correct Answer Product life cycle analysis . Evolutionary approach Your Answer Evolutionary approach Multiple Choice Single Answer Question Often monopolies purposely keep certain factors of production idle creating artificial scarcities of their products as a result the prices Correct Answer rise Your Answer rise Multiple Choice Multiple Answer Question The methods of calculating depreciation is Correct Answer Diminishing Balance Method . Interest and Money J. Keynes J. M. A building where a number of shops dealing in a particular commodity exist . Test marketing . Service Unit Method Your Answer Diminishing Balance Method . Keynes Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services Select The Blank Question In the context of formulating an investment project. M. Correct Answer management Your Answer management True/False Question The sum of total fixed costs and total variable costs is the total cost. A place where transaction . Annuity Method . Annuity Method .Your Answer Spill-over effects .

A place where transaction of goods and services is undertaken Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics . A building where a number of shops dealing in a particular commodity exist .of goods and services is undertaken Your Answer Place where buyers and sellers meet each other .

SCDL Assignment on Managerial Economics Set IV Managerial Economics Set IV SCDL Assignments Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice 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 sufficient Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have knowledge Correct Answer perfect Your Answer perfect True/False Question Inflation reduces the purchasing power of money and savings. Correct Answer True Your Answer False Multiple Choice Single Answer .

Question The supply curve during market period is perfectly Correct Answer inelastic Your Answer inelastic True/False Question Micro-economics is primarily concerned with the problem of what. Interest and Money J. Keynes True/False Question . M. how and for whom to produce Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce goods and services Commodities goods and services scarce Human wants unlimited unlimited General Theory of Employment. M. Keynes J.

The price policy under monopolistic competition is dependent on the prices charged by other rival firms Correct Answer True Your Answer False Multiple Choice Single Answer Question All firms producing the same or similar product together make Correct Answer an industry Your Answer an industry Multiple Choice Single Answer Question Joint Stock Company succession is Correct Answer perpetual Your Answer perpetual True/False Question Private profit motive is an essential feature of Capitalism Correct Answer True Your Answer True True/False Question ‘Free riders’ is a term associated with the people who would like to have benefit of a good without sharing the cost of its supply Correct Answer True Your Answer .

Correct Answer True Your Answer True True/False Question The various phases of business cycles are shown by the line of cycle which moves up and down the steady growth line Correct Answer True Your Answer True True/False Question In the measurement of profit.False Multiple Choice Single Answer Question Macro – economics provides an exploration to the functioning of an economy in Correct Answer general Your Answer general True/False Question Inflation is a great opportunity for merchants to benefit more. the differences in the concept of profit arise out of the differences in cost concepts Correct Answer True Your Answer False Multiple Choice Single Answer Question .

sugar. B. cotton etc so as to discourage Correct Answer Speculative hoarding Your Answer Speculative hoarding Multiple Choice Single Answer Question Slope of supply curve is Correct Answer positive Your Answer positive Multiple Choice Single Answer Question Costs which increase because of the expansion of a firm are called costs Correct Answer incremental . I relies heavily on selective credit controls on bank loans against food grains. oils.In economics demand means desire backed by adequate Correct Answer purchasing power Your Answer ability to pay Multiple Choice Single Answer Question The law of diminishing returns is applicable to agriculture provided the state of technology is given and Correct Answer constant Your Answer constant Multiple Choice Single Answer Question Under the monetary measures to control inflation. the R. oilseeds.

there is ________ seller who controls the entire ________ in the market Correct Answer only one Your Answer only one . Correct Answer False Your Answer False Multiple Choice Multiple Answer Question An Industry Correct Answer Is a group of firms . The ownership and management of each firm is different Select The Blank Question Under monopoly.Your Answer incremental True/False Question The opportunity cost of a product is the opportunity gained of being able to produce some other product. All firms dealing in the same line of business . All firms dealing in the same line of business . The ownership and management of each firm is different Your Answer Is a group of firms . Correct Answer False Your Answer False True/False Question The supply curve in case of unitary elastic supply is rectangular hyperbola.

Correct Answer supply Your Answer supply Select The Blank Question Under monopsony. there are ________ sellers but ________ buyer Correct Answer many Your Answer many Correct Answer only one Your Answer only one Match The Following Question Correct Answer Your Answer Marginal utility Addition to total utility Addition to total utility Total utility increases marginal Posative and declining Marginal utility is zero At the saturation point for a commodity x the Mux is Zero Demand curve of a commodity Marginal utilities are Demand curve of a commodity Posative and declining Total utility is Marginal utility is zero Zero Select The Blank .

It includes an excess of demand Your Answer It is a phenomenon of rising prices Select The Blank Question Aggregate supply function refers to a ________ of the various minimum amounts of proceeds or ________ .Question By using cost-benefit analysis we can show the ________ necessary for attaining maximum ________ and optimal policy aiming at this goal Correct Answer measures Your Answer Gross Domestic Product Correct Answer net wealth Your Answer gross wealth Multiple Choice Multiple Answer Question Average propensity to consume Correct Answer It is defined as the ratio of consumption expenditure to any particular level of income . It is found by dividing consumption expenditure by income . which must be expected to be received by the entrepreneur class from the sale of output result Correct Answer schedule . It is a general and dynamic phenomenon . It is expressed as the percentage of income consumed Your Answer It is derived by dividing income by consumption expenditure Multiple Choice Multiple Answer Question Inflation means Correct Answer It is a phenomenon of rising prices .

It is an instrument for economic stabilization . which the entrepreneurial community actually does expect to be received from the sale of Correct Answer Keynesian Your Answer Keynesian Correct Answer aggregate Your Answer aggregate Multiple Choice Multiple Answer Question The fiscal policy includes Correct Answer Formation of taxation policy . It is an instrument for economic stabilization . Monitoring of public expenditure Multiple Choice Multiple Answer Question The meaning of monetary policy Correct Answer It is programme of the central bank . the ________ demand function refers to the schedule of maximum sales proceeds. The basic objective is to achieve economic stability Your Answer . Monitoring of public expenditure Your Answer Formation of taxation policy .Your Answer demand Correct Answer revenues Your Answer revenues Select The Blank Question In the ________ terminology. It controls the total supply of money .

The use of economic modes of thought to analyze business solution. mathematics & statistics. The means or resources to satisfy them are limited. . Multiple Choice Multiple Answer Question Different types of business organizations are. . Using logic of economics. Using logic of economics.It is programme of the central bank . Your Answer Man has unlimited wants or ends . . Deficit financing and increase in money supply . Your Answer Integration of economic theory with business practice . The basic objective is to achieve economic stability Multiple Choice Multiple Answer Question Causes for rise in prices in India Correct Answer Mounting government expenditure . Multiple Choice Multiple Answer Question The sources of economic problems are: Correct Answer Man has unlimited wants or ends . These resources are not specific but have alternative uses. Correct Answer . Role of black money Multiple Choice Multiple Answer Question Managerial economics deals with Correct Answer Integration of economic theory with business practice . mathematics & statistics. These resources are not specific but have alternative uses. Deficit financing and increase in money supply . Role of black money Your Answer Mounting government expenditure . It controls the total supply of money . The means or resources to satisfy them are limited.

. Multiple Choice Multiple Answer Question Proprietary firm is Correct Answer Owned by a single person. Your Answer Joint sector. there is some difference between the generalization based on abstraction and actual practices. Public sector. Multiple Choice Multiple Answer Question Methods of measurement of elasticity Correct Answer Percentage Method . Joint sector. . Your Answer Owned by a single person.Private sector. Besides economic theory. Point elasticity Method . Point elasticity Method . . Easy to form. Total outlay expenditure method Your Answer Percentage Method . Expansion of firms Your Answer Preparation of a budget . Total outlay expenditure method Multiple Choice Multiple Answer Question Demand forecasts are necessary for: Correct Answer Fulfillment of objective of the plans . Preparation of a budget . Expansion of firms Select The Blank Question Economic theory provides the basis for the ________ _ making process. An organization of single person. . mat Correct Answer decision making Your Answer optimal Correct Answer .

it is also called expenses of production.statistics Your Answer Select The Blank Question The resources of a society consist not only of the free gifts of nature such as ________ but also of ________ and of all sorts of man made aids to further production. Correct Answer proprietorship Your Answer proprietorship Correct Answer trader ship Your Answer trader ship Select The Blank Question Nominal cost is the ________ cost of production. the simplest and the oldest form of business organisation.________ . which is also called sole. The real cost is the ________ cost of production. or single entrepreneurship is the most common. Correct Answer money Your Answer . Correct Answer land and minerals Your Answer land and minerals Correct Answer human capacity Your Answer human capacity Select The Blank Question Individual or sole ________ .

________ Correct Answer firm Your Answer firm Correct Answer implicit costs . which are employed by the ________ . SCDL PGDBA Assignments. SCDL Assignments. DECEMBER 21. including insurance ch Correct Answer Production costs Your Answer Production costs Correct Answer Selling costs Your Answer Selling costs Select The Blank Question The costs of self owned resources. SCDL Papers. including costs of advertising and (c) other costs. SCDL Solved Assignment MONDAY. Your Answer implicit costs . are nonexpenditure or . wage cost and interest cost (b) ________ .opportunity Correct Answer opportunity Your Answer gross Select The Blank Question Costs may be classified as : (a) ________ . Posted by Computechguide at 1:44 AM 2 comments Labels: Managerial Economics. including material costs. 2009 .

Aggregate demand Multiple Choice Single Answer Question The type economic problem is Correct Answer universal .Managerial Economics SCDL Assignments. Correct Answer False Your Answer True Multiple Choice Single Answer Question Price of a product under perfect competition is determined by the interaction of total supply and Correct Answer total demand Your Answer total demand Select The Blank Question The cost which enter the accounts book of the firm are referred as ________. Aggregate supply . price is determined by the interaction of total demand and total supply in the market. Aggregate supply . SCDL Assignment on Managerial Economics Managerial Economics SCDL Assignments SCDL Assignment on Managerial Economics List Of Attempted Questions And Answers Select The Blank Question The sum of all individual demands constitutes________ Correct Answer market demand Your Answer market demand True/False Question Under perfect competition. Correct Answer Accounting cost Your Answer Accounting cost Multiple Choice Multiple Answer Question Keynes’s theory of employment explains Correct Answer Effective demand . Aggregate demand Your Answer Effective demand .

It is a sole proprietorship .Your Answer universal Multiple Choice Single Answer Question An individual consumer or particular market for a given commodity are the subject matter of Correct Answer Micro Economics Your Answer Micro Economics Multiple Choice Multiple Answer Question Features of the firm are Correct Answer It is a business unit organized under one ownership . managed by democratic principle . No change in technique of production . Government policies are unchanged True/False Question Macro-economies is a policy oriented science. It is a partnership or joint stock company Multiple Choice Single Answer Question Whether the economy's capacity to produce goods and services is growing from year to year or remaining static is studied under the Correct Answer Theory of economic growth Your Answer Theory of economic growth Multiple Choice Multiple Answer Question Co-operative organizations is Correct Answer voluntary organization . No change in technique of production . which performs its business within the members Your Answer voluntary organization . managed by democratic principle . non profit motive organization Multiple Choice Multiple Answer Question Assumptions underlying the law of Supply are Correct Answer The cost of production is unchanged . It is a sole proprietorship . Government policies are unchanged Your Answer The cost of production is unchanged . It is a partnership or joint stock company Your Answer It is a business unit organized under one ownership . Correct Answer True . organization.

it is referred to as ________. Correct Answer increasing returns to scale. Select The Blank Question An upward sloping demand curve is called ________ Correct Answer exceptional demand curve Your Answer exceptional demand curve 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 Multiple Choice Single Answer Question The act of making goods and services is called Correct Answer production Your Answer production Multiple Choice Single Answer Question Question related to the efficient production and allocation belong to the branch of economic theory called Correct Answer Welfare Economics .Your Answer True 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 Single Answer Question Liability of a sole trader is Correct Answer unlimited Your Answer unlimited Select The Blank Question If the output rises in the greater proportion than that of the increase in factor inputs. Your Answer increasing returns to scale.

the accountant means total revenue minus________.Your Answer Welfare Economics Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answer consumption Your Answer consumption Multiple Choice Multiple Answer Question Explicit costs are Correct Answer Out of pocket costs . Correct Answer negative Your Answer negative True/False Question The Keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment. These are firms accounting expenses . Correct Answer False Your Answer False Multiple Choice Single Answer Question The things that are produced by factors of production are called Correct Answer commodities Your Answer commodities Select The Blank Question By ' profits'. the marginal product becomes ________. Correct Answer Explicit costs Your Answer Explicit costs Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have . Expenditure costs Your Answer Out of pocket costs . These are firms accounting expenses . Expenditure costs Select The Blank Question In the 3rd stage of operation of the law of variable proportions.

Correct Answer stock Your Answer demand Select The Blank Question The form of organization which is best for self employment is ________. Increase in profitability . Increase in profitability . Wage rate increase Your Answer More employment opportunities .knowledge which is Correct Answer perfect Your Answer perfect Match The Following Question Correct Answer Your Answer Resource allocation decisions in free market economy Theory of price Theory of price Economic problem Universal Universal Managerial Economics Applied branch of knowledge Applied branch of knowledge Inflation Reduction in purchasing power Theory of price Waste of resources Involuntary unemployment Involuntary unemployment Multiple Choice Multiple Answer Question 16. The phase of recovery denotes Correct Answer More employment opportunities . Wage rate increase Select The Blank Question Supply is predominantly determined by ________. Morris Your Answer Baumol True/False . Correct Answer Sole trader Your Answer Sole trader Multiple Choice Single Answer Question The suggestion of maximization of balanced growth rate as another alternative objective of a firm's profit is suggested by Correct Answer Prof.

Third party effects Your Answer Spill-over effects . but proportionately Correct Answer less Your Answer less Multiple Choice Single Answer Question The Risk theory of profit was developed by Correct Answer Hawley Your Answer Hawley True/False Question The congress government led by Narsimha Rao announced the New Industrial Policy in July 1991. Correct Answer True Your Answer True Multiple Choice Single Answer Question J. Correct Answer True Your Answer True Select The Blank Question Perfectly elastic demand curve is ________ Correct Answer horizontal Your Answer horizontal True/False Question The distinction between fixed costs and variable costs is relevant in the short period only. Keynes. observed that as income increases. Neighborhood effects . Neighborhood effects .firms are free to enter and exit in the market. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The term externalities may also be referred as: Correct Answer Spill-over effects . on the basis of a fundamental psychological law of consumption.Question Under perfect competition.M. consumption also increases. Third party effects .

Keynes Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services Select The Blank Question In the context of formulating an investment project. Service Unit Method Your Answer Diminishing Balance Method . Annuity Method . Service Unit Method Match The Following Question Correct Answer Your Answer Human wants unlimited unlimited General Theory of Employment. Interest and Money J. Test marketing . Correct Answer management Your Answer management True/False Question The sum of total fixed costs and total variable costs is the total cost. ________ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally. Evolutionary approach Your Answer Evolutionary approach Multiple Choice Single Answer Question Often monopolies purposely keep certain factors of production idle creating artificial scarcities of their products as a result the prices Correct Answer rise Your Answer rise Multiple Choice Multiple Answer Question The methods of calculating depreciation is Correct Answer Diminishing Balance Method .Multiple Choice Multiple Answer Question Methods of forecasting demand for new products are Correct Answer Product life cycle analysis . M. Correct Answer True Your Answer True . M. Keynes J. Annuity Method .

A building where a number of shops dealing in a particular commodity exist . A building where a number of shops dealing in a particular commodity exist . A place where transaction of goods and services is undertaken Your Answer Place where buyers and sellers meet each other .Multiple Choice Multiple Answer Question Features of Market are Correct Answer Place where buyers and sellers meet each other . A place where transaction of goods and services is undertaken Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics .

List Of Attempted Questions And Answers Select The Blank Question The sum of all individual demands constitutes________ Correct Answer market demand Your Answer market demand True/False Question Under perfect competition, price is determined by the interaction of total demand and total supply in the market. Correct Answer False Your Answer True Multiple Choice Single Answer Question Price of a product under perfect competition is determined by the interaction of total supply and Correct Answer total demand Your Answer total demand Select The Blank Question The cost which enter the accounts book of the firm are referred as ________. Correct Answer Accounting cost Your Answer Accounting cost Multiple Choice Multiple Answer Question Keynes’s theory of employment explains Correct Answer Effective demand , Aggregate supply , Aggregate demand Your Answer Effective demand , Aggregate supply , Aggregate demand Multiple Choice Single Answer Question The type economic problem is Correct Answer universal Your Answer universal Multiple Choice Single Answer Question An individual consumer or particular market for a given commodity are the subject matter of Correct Answer Micro Economics Your Answer Micro Economics Multiple Choice Multiple Answer

Question Features of the firm are Correct Answer It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company Your Answer It is a business unit organized under one ownership , It is a sole proprietorship , It is a partnership or joint stock company Multiple Choice Single Answer Question Whether the economy's capacity to produce goods and services is growing from year to year or remaining static is studied under the Correct Answer Theory of economic growth Your Answer Theory of economic growth Multiple Choice Multiple Answer Question Co-operative organizations is Correct Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members Your Answer voluntary organization , managed by democratic principle , non profit motive organization Multiple Choice Multiple Answer Question Assumptions underlying the law of Supply are Correct Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged Your Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged True/False Question Macro-economies is a policy oriented science. Correct Answer True Your Answer True 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 Single Answer Question Liability of a sole trader is Correct Answer unlimited Your Answer unlimited Select The Blank Question If the output rises in the greater proportion than that of the increase in factor inputs, it is referred to as ________. Correct Answer increasing returns to scale. Your Answer increasing returns to scale.

Select The Blank Question An upward sloping demand curve is called ________ Correct Answer exceptional demand curve Your Answer exceptional demand curve 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 Multiple Choice Single Answer Question The act of making goods and services is called Correct Answer production Your Answer production Multiple Choice Single Answer Question Question related to the efficient production and allocation belong to the branch of economic theory called Correct Answer Welfare Economics Your Answer Welfare Economics Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answer consumption Your Answer consumption Multiple Choice Multiple Answer Question Explicit costs are Correct Answer Out of pocket costs , These are firms accounting expenses , Expenditure costs Your Answer Out of pocket costs , These are firms accounting expenses , Expenditure costs Select The Blank Question In the 3rd stage of operation of the law of variable proportions, the marginal product becomes ________. Correct Answer negative Your Answer negative True/False Question The Keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment. Correct Answer False Your Answer False

The phase of recovery denotes Correct Answer More employment opportunities . Correct Answer Explicit costs Your Answer Explicit costs Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have knowledge which is Correct Answer perfect Your Answer perfect Match The Following Question Correct Answer Your Answer Resource allocation decisions in free market economy Theory of price Theory of price Economic problem Universal Universal Managerial Economics Applied branch of knowledge Applied branch of knowledge Inflation Reduction in purchasing power Theory of price Waste of resources Involuntary unemployment Involuntary unemployment Multiple Choice Multiple Answer Question 16.Multiple Choice Single Answer Question The things that are produced by factors of production are called Correct Answer commodities Your Answer commodities Select The Blank Question By ' profits'. Increase in profitability . Correct Answer Sole trader Your Answer Sole trader Multiple Choice Single Answer . Wage rate increase Select The Blank Question Supply is predominantly determined by ________. Wage rate increase Your Answer More employment opportunities . the accountant means total revenue minus________. Increase in profitability . Correct Answer stock Your Answer demand Select The Blank Question The form of organization which is best for self employment is ________.

observed that as income increases. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The term externalities may also be referred as: Correct Answer Spill-over effects . Third party effects Your Answer Spill-over effects . Keynes. Third party effects Multiple Choice Multiple Answer Question Methods of forecasting demand for new products are .Question The suggestion of maximization of balanced growth rate as another alternative objective of a firm's profit is suggested by Correct Answer Prof. Neighborhood effects .firms are free to enter and exit in the market. Neighborhood effects . Morris Your Answer Baumol True/False Question Under perfect competition. consumption also increases. Correct Answer True Your Answer True Select The Blank Question Perfectly elastic demand curve is ________ Correct Answer horizontal Your Answer horizontal True/False Question The distinction between fixed costs and variable costs is relevant in the short period only. but proportionately Correct Answer less Your Answer less Multiple Choice Single Answer Question The Risk theory of profit was developed by Correct Answer Hawley Your Answer Hawley True/False Question The congress government led by Narsimha Rao announced the New Industrial Policy in July 1991.M. on the basis of a fundamental psychological law of consumption. Correct Answer True Your Answer True Multiple Choice Single Answer Question J.

Test marketing . Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Features of Market are Correct Answer Place where buyers and sellers meet each other . Annuity Method . Interest and Money J. Keynes Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services Select The Blank Question In the context of formulating an investment project. ________ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally. Annuity Method . Service Unit Method Your Answer Diminishing Balance Method . A building where a number of shops dealing in a particular commodity exist . Correct Answer management Your Answer management True/False Question The sum of total fixed costs and total variable costs is the total cost. M.Correct Answer Product life cycle analysis . Service Unit Method Match The Following Question Correct Answer Your Answer Human wants unlimited unlimited General Theory of Employment. Evolutionary approach Your Answer Evolutionary approach Multiple Choice Single Answer Question Often monopolies purposely keep certain factors of production idle creating artificial scarcities of their products as a result the prices Correct Answer rise Your Answer rise Multiple Choice Multiple Answer Question The methods of calculating depreciation is Correct Answer Diminishing Balance Method . A place where transaction of goods and services is undertaken . M. Keynes J.

February 4. A building where a number of shops dealing in a particular commodity exist .1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS True/False Question In case of a proprietary firm the liability of the proprietor is limited. Correct Answer True . Rent . Total revenue True/False Question In experimental price approach the firms takes some cognizance of the demand for the product and proceeds to fix a price by a trial and error method.Your Answer Place where buyers and sellers meet each other . Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Accounting profit includes :Correct Answer Wages . Interest Your Answer Interest . A place where transaction of goods and services is undertaken Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics True/False Question Private profit motive is an essential feature of Capitalism. Correct Answer True Your Answer True at 5:20 AM 0 comments Links to this post Labels: Managerial Economics Monday. 2008 Managerial Economics .

Failure to provide full employment .Your Answer True Multiple Choice Multiple Answer Question Defects of market system:Correct Answer Inequalities of income and wealth . Failure to provide full employment Your Answer Emergence of monopolies . Prevailing of barter system Multiple Choice Single Answer Question In case of perfectly elastic supply. Emergence of monopolies . the supply curve is :Correct Answer Horizontal Your Answer Vertical 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 Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics Multiple Choice Single Answer Question Economists have pointed out that the real world is full of :Correct Answer Imperfect competition Your Answer Pure competition Multiple Choice Multiple Answer .

Question Characteristics of Pure Public goods are:Correct Answer They are completely indivisible . Depreciation . Unaccounted value changes in the assets & liabilities Select The Blank Question Super-normal profit is also called ________. To introduce liberalization with a view to integrate the Indian economy with the world economy . Their benefits cannot be priced Your Answer They are completely indivisible . Unaccounted value changes in the assets & liabilities Your Answer Inventory Valuation . Depreciation . . Their benefits cannot be priced Multiple Choice Multiple Answer Question Main aims of the New Industrial Policy (1991) are :Correct Answer To unshackle the Indian industrial economy from the cobwebs of unnecessary bureaucratic control . generally demand and supply act and react upon each other and determine the price Correct Answer equilibrium Your Answer equilibrium Multiple Choice Multiple Answer Question Factors leading to differences in the economic & the traditional concepts of valuation are :Correct Answer Inventory Valuation . Their marginal cost would be zero or close to zero . To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act Your Answer To unshackle the Indian industrial economy from the cobwebs of unnecessary bureaucratic control . To introduce liberalization with a view to integrate the Indian economy with the world economy . To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act Multiple Choice Single Answer Question Under perfect competition.

labour cost . Actual costs. standard costs are included . Interest and Money J. Correct Answer True Your Answer True Select The Blank Question . Keynes J. Keynes Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services True/False Question Consumer’s protection involves protection to the consumers from unfair trade practices. M. labour cost Your Answer The price is set to cover material.Correct Answer Excess profit Your Answer Excess profit Multiple Choice Multiple Answer Question Under cost plus pricing :Correct Answer Actual costs. standard costs are included Match The Following Question Correct Answer Your Answer Human wants unlimited unlimited General Theory of Employment. Certain percentage of profit also included . M. The price is set to cover material.

Correct Answer .When Government repays old loans. the income elasticity of demand is zero. Correct Answer True Your Answer True Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice Select The Blank Question Propensity to consume is defined as the relationship between consumption and ________. the purchasing power at the disposal of the people ________. Correct Answer Increases Your Answer Becomes negative True/False Question The law of supply is not hypothetical. Correct Answer False Your Answer True Multiple Choice Single Answer Question A firm gets an opportunity to produce multiple products because changes in business activity in a firms is :Correct Answer Cyclical Your Answer Cyclical True/False Question When a change in income has no effect upon the quantity demanded of a product.

Income Your Answer Income True/False Question Public enterprises have shown a very high rate of return of the capital invested. Correct Answer False Your Answer True Multiple Choice Single Answer Question The method of inventory valuation in which. Correct Answer Third party Your Answer External True/False Question In the traditional concept of equilibrium.R. the cost of production is calculated on the assumption that the material which was last to enter the inventory of the company was used first is :Correct Answer LIFO Your Answer LIFO True/False Question Supply management is related to the volume of supply & its distribution system. Correct Answer False Your Answer False Select The Blank Question ________ effects are those externalities which flow from the production or use of the good to other parties or economic units. a firm attains the equilibrium when the firm’s Total Revenue (T.C.) =Total Cost (T.). Correct Answer True Your Answer .

Price elasticity of demand . Tastes and habits Multiple Choice Multiple Answer Question Different types of Elasticity of Demand are :Correct Answer Cross elasticity of demand .True Multiple Choice Multiple Answer Question Demand is determined by :Correct Answer Price of the product . Tastes and habits Your Answer Price of the product . Income elasticity of demand . the liability of share holders is :Correct Answer Limited Your Answer Limited 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 Single Answer Question Saving is a :Correct Answer Private virtue Your Answer Private virtue Multiple Choice Single Answer Question . Relative prices of other goods . Relative prices of other goods . Cross elasticity of demand Multiple Choice Single Answer Question In case of a Joint-Stock Company. Income elasticity of demand Your Answer Price elasticity of demand .

Correct Answer Forward .planning Multiple Choice Multiple Answer Question Exceptions to the Law of Demand are :Correct Answer Griffin goods . Speculation Select The Blank Question True inflation starts only after reaching ________. Articles of snob appeal . Free entry and exit Multiple Choice Single Answer Question The income which a businessman might expect from the second best alternative use of his resources is called as :Correct Answer Opportunity cost Your Answer Opportunity cost Select The Blank Question Advertising forms an integral part of decision-making and________. Homogeneous Product . Homogeneous Product . Speculation Your Answer Griffin goods . Articles of snob appeal . the building up of inflationary pressure during the Nineties was attributed to :Correct Answer Higher Fiscal deficit Your Answer Higher Fiscal deficit Multiple Choice Multiple Answer Question A competitive industry has three basic characteristics :Correct Answer Large Number of Firms .planning Your Answer Forward . Correct Answer Level of full employment Your Answer Level of full employment .According to the Government. Free entry and exit Your Answer Large Number of Firms .

Correct Answer True Your Answer True True/False Question During the period of depression. No change in consumer’s preferences . Paid-up capital True/False Question The sum of total fixed costs and total variable costs is the total cost. a large part of a country’s resources lie involuntarily idle. Correct Answer Public Your Answer Public Multiple Choice Multiple Answer Question Assumptions of the Law of Demand are :Correct Answer No change in consumer’s income . No change in fashion Your Answer No change in consumer’s income . Paid-up capital Your Answer Registered or authorized capital . Correct Answer True Your Answer True True/False Question . No change in fashion Multiple Choice Multiple Answer Question Types of Share capital of Joint-Stock Company are :Correct Answer Registered or authorized capital . No change in consumer’s preferences . Issued capital . Issued capital .Select The Blank Question The financing of ________ goods is done through Public expenditure.

January 24.Under the New Industrial Policy. it was decided to provide approval for direct foreign investment upto 51% equity in such industries. 2008 Managerial Economics . say because of outbreak of war. This is known as :Correct Answer Chance Profits Your Answer Monopoly Profits Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics Multiple Choice Multiple Answer Question Features of Dumping are :- . in order to invite foreign investment in high priority industries.1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question The concept of Perfect competition includes all the features of :Correct Answer Pure competition Your Answer Pure competition Multiple Choice Single Answer Question An entrepreneur may earn high profits just by luck. Correct Answer True Your Answer True at 5:13 AM 0 comments Links to this post Labels: Managerial Economics Thursday.

Correct Answer It is possible in the case of monopoly market . Selling same good at higher price in home market and at lower price in international market . make inventory valuation of finished products difficult. Correct Answer True Your Answer True Multiple Choice Single Answer Question The method of inventory valuation in which. disregarding details at particular level. the cost of production is calculated on the assumption that the material which was last to enter the inventory of the company was used first is :Correct Answer LIFO Your Answer LIFO Multiple Choice Single Answer Question . Correct Answer True Your Answer True True/False Question Changes in the value of money because of inflation. It is encouraged with a view to promote the exports Multiple Choice Single Answer Question The type economic problem is Correct Answer universal Your Answer universal True/False Question In macro – economic analysis the behavior of economic agents such as firms. households and government is seen in total. It is encouraged with a view to promote the exports Your Answer It is possible in the case of monopoly market .

Average product is increasing but it is below MP . The precautionary motive . The precautionary motive Your Answer The transactions motive .The act of making goods and services is called Correct Answer production Your Answer production Select The Blank Question The partnership between private sector & government is called ________. The transactions motive . Law of Decreasing Returns to scale Your Answer Law of Decreasing Returns to scale Multiple Choice Multiple Answer Question Increasing Returns explains :Correct Answer Total product increases at an increasing rate . Law of Constant Returns to Scale . The speculative motive Multiple Choice Single Answer Question If the substitutes are relatively costly then the demand for the commodity in question will be :Correct Answer More Your Answer More Multiple Choice Multiple Answer Question The Laws of Returns to scale are :Correct Answer Law of Increasing Returns to Scale . Correct Answer Joint sector enterprise Your Answer Joint sector enterprise Multiple Choice Multiple Answer Question According to Keynes there are three motives for holding cash for liquidity preference :Correct Answer The speculative motive . Marginal product increasing and it is maximum .

Average product is increasing but it is below MP Multiple Choice Single Answer Question An individual consumer or particular market for a given commodity are the subject matter of :Correct Answer Micro Economics Your Answer Micro Economics True/False Question The prosperity phase is characterized by rise in the level of employment.Your Answer Total product increases at an increasing rate . Marginal product increasing and it is maximum . Correct Answer Perfectly mobile Your Answer Perfectly mobile Select The Blank . Correct Answer True Your Answer True Select The Blank Question Baumol has suggested as an alternative objective for profit maximization. Correct Answer Sales Your Answer Sales Multiple Choice Single Answer Question The profit which is surplus of revenue over and above all paid out cost is :Correct Answer Accounting Profit Your Answer Gross Profit Select The Blank Question In perfect competition various factors of production are assumed to be ________. the maximization of ________.

Correct Answer Budgetary Policy Your Answer Budgetary Policy Multiple Choice Multiple Answer Question The disinvestments of industries is needed for :Correct Answer Phased privatization . consumption Increases. Reducing deficit . Capital support to plans Your Answer Phased privatization .. on the basis of a fundamental psychological law.Question Keynes. Reducing deficit . observed that as income ________. Correct Answer Increases Your Answer Increases True/False Question During the period of depression. Capital support to plans Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answer consumption . Correct Answer True Your Answer False Select The Blank Question The taxation & public expenditure policies are called as ________ . Correct Answer True Your Answer True True/False Question Pure private goods are completely divisible and to them the principle of exclusion applies in full measure. a large part of a country’s resources lie involuntarily idle.

"Economics is a science which :Correct Answer Studies human behaviour . Correct Answer Social Your Answer Social Multiple Choice Single Answer Question The concept of just distribution of national product is a Correct Answer normative Your Answer normative True/False Question The government also fixes minimum procurement prices for major crops on the recommendation of the Agricultural Prices Commission (APC).Your Answer consumption Multiple Choice Single Answer Question The things that are produced by factors of production are called Correct Answer commodities Your Answer commodities Select The Blank Question In the context of externalities. Scarce means have alternate uses Your Answer Studies human behaviour . Relationship between ends and scares resources . driving the smoke-emitting buses and trucks in the cities is an example of ________ cost. Relationship between ends and scares resources . Correct Answer True Your Answer True Multiple Choice Multiple Answer Question According to Lionel Robbins definition of economics. Scarce means have alternate uses .

Correct Answer Total supply Your Answer Total selling cost Multiple Choice Multiple Answer Question Features of monopolistic Competition are :Correct Answer Fairly large number of firms . Formulation of the project . Appraisal and selection of the project True/False Question There is no separation of ownership and management in case of a Joint Stock Company.Select The Blank Question Under perfect competition. Selling costs are existed Your Answer Fairly large number of firms . Appraisal and selection of the project Your Answer Identification of a project . price is determined by the interaction of total demand and ________. Product differentiation . Correct Answer False Your Answer False Multiple Choice Single Answer Question During a period of rising prices (inflation). Formulation of the project . Product differentiation . the goods and services are :Correct Answer Scarce Your Answer Scarce Multiple Choice Single Answer Question . Selling costs are existed Multiple Choice Multiple Answer Question Steps in cost benefit analysis are :Correct Answer Identification of a project .

Correct Answer Quantitative credit control Your Answer Quantitative credit control Select The Blank Question Managerial ________ lies on the borderline of management and Economics. Correct Answer Economics Your Answer Economics True/False Question The demand for life saving drugs is elastic. Correct Answer False Your Answer False Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice .The cost recorded in the books of accounts are considered as :Correct Answer Explicit costs Your Answer Explicit costs Multiple Choice Single Answer Question Variable cost are those costs which vary with the level of :Correct Answer Output Your Answer Output Select The Blank Question Open market operations measures are ________.

B. Easy to form Select The Blank Question The rate of interest. according to Keynes depends upon two factors: the liquidity preference function and ________. Match The Following Question .Clark. Correct Answer The quantity of money. Easy to form Your Answer Ownership by a single person . Your Answer The quantity of money. profit is the reward paid for :Correct Answer Dynamism Your Answer Risk bearing Multiple Choice Multiple Answer Question The characteristics of a sole proprietorship firm is :Correct Answer Unlimited Capital . Ownership by a single person .Match The Following Question Correct Answer Your Answer Resource allocation decisions in free market economy Theory of price Theory of price Economic problem Universal Universal Managerial Economics Applied branch of knowledge Applied branch of knowledge Inflation Reduction in purchasing power Reduction in purchasing power Waste of resources Involuntary unemployment Involuntary unemployment Multiple Choice Single Answer Question According J.

Correct Answer Your Answer Human wants unlimited unlimited General Theory of Employment, Interest and Money J. M. Keynes J. M. Keynes Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services 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

6 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question In economics the question related to the selection of methods with which commodities are produced is a subject matter of Correct Answer theory of production Your Answer theory of production Multiple Choice Single Answer Question In economics the questions related to the division of society’s output of goods and services among its members are topics in Correct Answer theory of distribution Your Answer theory of distribution Multiple Choice Single Answer Question In economics the questions related to the dynamic or static ( otherwise) capacity of the economy to produce goods and services are topics in the Correct Answer theory of economic growth Your Answer theory of production Multiple Choice Single Answer Question All the free gifts of nature which are commonly called natural resources are known to economists as Correct Answer Land Your Answer capital Multiple Choice Single Answer Question All the man made resources which are used in the process of making other goods and services are called Correct Answer capital

Your Answer labor 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 Economic problem is faced by poor countrys only. Correct Answer False Your Answer False Multiple Choice Single Answer Question An industry is a group of firms dealing in the same line of Correct Answer business Your Answer business True/False Question Micro-economics is primarily concerned with the problem of what, how and for whom to produce Correct Answer True Your Answer True True/False Question Pure public goods must be in the hands of public sector only. Correct Answer True Your Answer False Select The Blank Question

Correct Answer indivisible Your Answer public Select The Blank Question The externality which causes an economic gain or an economic loss to other economic units is also referred to as ________ externality. Correct Answer individual Your Answer firm Match The Following Question Correct Answer Your Answer Managerial economics Decision making and forward planning Decision making and forward planning Resources Scarce Scarce Commodities Goods and services Goods and services Human wants Unlimited Unlimited Match The Following Question Correct Answer Your Answer General theory of employment. interest and money . Correct Answer Pecuniary Your Answer Economic Select The Blank Question In a market economy ________ is the best judge of personal interest.The goods become ________ only when each individual has an access to the entire amount of it and its use by the individual does not reduce its availability to others.

public sector .J. Easy to form Your Answer Ownership by a single person . Correct Answer Sole trader Your Answer Sole trader Multiple Choice Single Answer Question . joint sector Your Answer private sector . joint sector Select The Blank Question Reasonable profit target as an alternative to the objective of profit maximization was suggested by ________. public sector . M. Easy to form Multiple Choice Multiple Answer Question Different types of business organizations are Correct Answer private sector . Keynes Inflation Reduction in purchasing power Reduction in purchasing power Services Intangible goods Intangible goods Methods of production of commodities Theory of production Theory of production Multiple Choice Multiple Answer Question The characteristics of a sole proprietorship firm is Correct Answer Unlimited Capital . Ownership by a single person . Keynes J. Correct Answer Joel Dean Your Answer Joel Dean Select The Blank Question The form of organization which is best for self employment is ________. M.

Depreciation .Economic Profit takes in to account the Correct Answer implicit cost Your Answer implicit cost True/False Question In any business. Plough Back . Plough Back . while formulating a profit policy. Maintenance Charges Multiple Choice Multiple Answer Question reasonable profit' are Correct Answer Capital Attraction . Maintenance Charges Your Answer Remuneration to factors of production . the possibility of emergence of rival firms must be taken in to account Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The payments made out of the Gross Profit are Correct Answer Remuneration to factors of production . Depreciation . Normal earnings Multiple Choice Single Answer Question Complementary goods are demanded Correct Answer jointly Your Answer separately Multiple Choice Single Answer Question Emergence of close substitutes to the commodity in question may bring about demand to Correct Answer decrease Your Answer decrease . Normal earnings Your Answer Capital Attraction .

Income elasticity of demand . then the returns to scale are Correct Answer decreasing Your Answer decreasing True/False Question .Multiple Choice Single Answer Question The demand for a commodity depends on the prices of its substitutes which are Correct Answer relative Your Answer relative True/False Question Demand curve slopes downwards from left to right. Cross elasticity of demand Your Answer Price elasticity of demand . Cross elasticity of demand Multiple Choice Single Answer Question If the increase in all factors leads to a less than proportionate increase in output. Correct Answer True Your Answer True Select The Blank Question The index numbers which measure the changes in the general price level of a country refers to ________ Correct Answer Wholesale prices index Your Answer Wholesale prices index Multiple Choice Multiple Answer Question Different types of Elasticity of Demand are Correct Answer Price elasticity of demand . Income elasticity of demand .

Your Answer increasing returns to scale. Multiple Choice Single Answer Question Under monopoly the demand curve slopes Correct Answer downward Your Answer downward Multiple Choice Single Answer Question Dalal Street in Bombay is known as Correct Answer Bombay Stock Exchange Your Answer Bombay Stock Exchange . Opportunity costs Select The Blank Question Output rises in a lesser proportion to that of the increase in input. Opportunity costs Your Answer Accounting costs . Correct Answer increasing returns to scale. Correct Answer decreasing returns to scale Your Answer decreasing returns to scale Select The Blank Question If the output rises in the greater proportion than that of the increase in factor inputs. under the case of ________. Economic costs . Economic costs . it is referred to as ________. Correct Answer False Your Answer True Multiple Choice Multiple Answer Question Major types of costs are Correct Answer Accounting costs .The supply of factory made goods of daily consumption is inelastic.

It is a sole proprietorship . . stationary True/False Question The Keynesian theory emphasizes effective supply as a crucial factor in determining the level of income and employment. It is a partnership or joint stock company Multiple Choice Multiple Answer Question Equilibrium is the stage of Correct Answer maximum satisfaction . It is a sole proprietorship . stationary Your Answer maximum satisfaction .Multiple Choice Single Answer Question The city of Banaras has specialized in the manufacture of Correct Answer silk Your Answer silk True/False Question A firm under perfect competition is a price maker. Correct Answer False Your Answer False True/False Question Long period supply is relatively inelastic. balance . Correct Answer False Your Answer True Multiple Choice Multiple Answer Question Features of the firm are Correct Answer It is a business unit organized under one ownership . It is a partnership or joint stock company Your Answer It is a business unit organized under one ownership . balance .

Factors of production are optimally allocated between the various industries . All will get sufficient income to meet their basic needs Your Answer To provide employment to all who willing to work at prevailing wage rate . Correct Answer True Your Answer True True/False Question There is considerable slush money with politicians & Government servants. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Government intervention is needed in free market mechanism to Correct Answer To provide employment to all who willing to work at prevailing wage rate .Correct Answer False Your Answer True Multiple Choice Single Answer Question According to the Government. All will get sufficient income to meet their basic needs Multiple Choice Multiple Answer Question Defects of market system: Correct Answer . the buildup of inflationary pressure during the Nineties was attributed to Correct Answer Higher Fiscal deficit Your Answer Higher Fiscal deficit True/False Question The government also fixes minimum procurement prices for major crops on the recommendation of the Agricultural Prices Commission (APC). Factors of production are optimally allocated between the various industries .

Emergence of monopolies . Failure to provide full employment at 5:17 AM 0 comments Links to this post Labels: Managerial Economics (Set II) Managerial Economics .Inequalities of income and wealth . Emergence of monopolies . Failure to provide full employment Your Answer Inequalities of income and wealth .5 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice 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 Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics Multiple Choice Single Answer Question The type economic problem is Correct Answer universal Your Answer universal .

Multiple Choice Single Answer Question The act of making goods and services is called Correct Answer production Your Answer production Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answer consumption Your Answer consumption Multiple Choice Single Answer Question The concept of just distribution of national product is a Correct Answer normative Your Answer objective True/False Question Resources are said to be involuntarily un employed when their wastage occur. Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services Human wants .

Appraisal and selection of the project Your Answer Identification of a project .benefit analysis. Objective measurement of the trade-off . Correct Answer True Your Answer False Multiple Choice Multiple Answer Question Steps in cost benefit analysis Correct Answer Identification of a project . Appraisal and selection of the project Multiple Choice Multiple Answer Question The advantage of cost-benefit analysis are Correct Answer Maximization of social welfare . M. Objective measurement of the trade-off . Maximization of difference between total benefits & total costs Your Answer Maximization of social welfare . Maximization of difference between total benefits & total costs . Formulation of the project . after the step of appraisal and selection of the project is the step of Correct Answer comparison of the cash flow Your Answer comparison of the cash flow True/False Question Social costs cannot be included in a firm's account book. Keynes Multiple Choice Single Answer Question In cost . Interest and Money J.unlimited unlimited General Theory of Employment. Keynes J. Formulation of the project . M.

Correct Answer externalities Your Answer externalities Multiple Choice Single Answer Question According to many economists. Tata Eng & Locomotive Company Ltd is a Correct Answer firm . the liability of share holders is Correct Answer limited Your Answer limited Multiple Choice Single Answer Question For an economist. Correct Answer maximization Your Answer maximization Select The Blank Question Modern economists treat social cost and benefits as ________ of private investment and production decisions. the root cause of economic problem is Correct Answer scarcity Your Answer scarcity Multiple Choice Single Answer Question Managerial economics aims at providing guidance to the firms for Correct Answer decision making Your Answer decision making Multiple Choice Single Answer Question In case of a Joint-Stock Company.Select The Blank Question Cost-Benefit analysis aims at ________ of social wealth.

Your Answer firm Multiple Choice Multiple Answer Question Preference Shares can be classified as Correct Answer Simple Shares . Prospectus Your Answer Memorandum of Association . public corporations Your Answer departmental management . non-profit organization Select The Blank Question Baumol has suggested as an alternative objective for profit maximization . Articles of Association Multiple Choice Multiple Answer Question Forms of Public Enterprises Correct Answer departmental management . Cumulative Shares . Redeemable Shares Your Answer Simple Shares . company management or management by boards . Cumulative Shares . Articles of Association . Redeemable Shares Multiple Choice Multiple Answer Question The promoters of a company can get incorporated by filing with the registrarof companies various documents such as Correct Answer Memorandum of Association . public corporations . the maximization of ________ Correct Answer sales Your Answer sales Select The Blank Question The partnership between private sector & government is called ________ Correct Answer Joint sector enterprise Your Answer Joint sector enterprise Select The Blank .

it is called as expansion of Correct Answer demand Your Answer demand Multiple Choice Single Answer Question Demand for products like tea.Question The minimum number of directors which public limited should have is ________. betel. Correct Answer True Your Answer True Multiple Choice Single Answer Question In economics. demand means desire backed by adequate Correct Answer purchasing power Your Answer purchasing power Multiple Choice Single Answer Question When more units of a commodity are purchased in response to decline in price of that commodity. tobacoo. sigaratte is a matter of Correct Answer habit Your Answer . Correct Answer 3 Your Answer 3 Multiple Choice Single Answer Question The profit which is surplus of revenue over and above all paid out cost is Correct Answer Accounting Profit Your Answer Gross Profit True/False Question Measurement of profit becomes difficult because of the difficulty involved in the calculation of depreciation.

Correct Answer False Your Answer False Select The Blank Question A normal demand curve has ________+B299 Correct Answer negative slope Your Answer negative slope Multiple Choice Multiple Answer Question Cost function denotes Correct Answer . Correct Answer False Your Answer False True/False Question Demand for luxury goods is inelastic Correct Answer False Your Answer False True/False Question The demand for life saving drugs is elastic.habit Multiple Choice Single Answer Question If the substitutes are relatively cheaper then the demand for the commodity in question will be Correct Answer less Your Answer less True/False Question A shift in the demand curve to the left shows increase in demand.

Correct Answer horizontal Your Answer upward sloping Select The Blank Question In the 3rd stage of operation of the law of variable proportions.The prices of such inputs as labour and capital material . The cost of technology Select The Blank Question The law of constant returns to scale is depicted by the marginal output curve which is ________. Restriction to entry of new firms . Price leadership Your Answer Few sellers . The rate of output . The size of the plant Your Answer The prices of such inputs as labour and capital material . The rate of output . Correct Answer negative Your Answer negative Select The Blank Question The costs which cover the cost of advertising is ________. the marginal product becomes ________. Correct Answer Selling cost Your Answer Selling cost Multiple Choice Multiple Answer Question Features of Oligopoly Market are Correct Answer Few sellers . Restriction to entry of new firms . No Advertisement cost Multiple Choice Single Answer Question Saving is a Correct Answer private virtue Your Answer social virtue . The size of the plant .

Correct Answer False Your Answer False Match The Following Question Correct Answer Your Answer Prosperity Expansion of credit Contraction of credit The general theory of employment. Keynes J.M. Sustained rise in prices . Cannot be anticipated Your Answer Sustained rise in prices .M. Cannot be anticipated . the level of effective demand must decrease.True/False Question During periods of inflation. Interest and money J. the income of farmers as a class decreases. Correct Answer True Your Answer False True/False Question To solve the unemployment problem . It is limited to some geographical areas True/False Question . Keynes Trade cycle Wave like movement Wave like movement Statutory reserve ratio Quantitative credit control measure Quantitative credit control measure Multiple Choice Multiple Answer Question The characteristics of Inflation are Correct Answer Excess of demand .

Correct Answer False Your Answer False . Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Main aims of the New Industrial Policy (1991) are Correct Answer To unshackle the indian industrial economy from the cobwebs of unnecessary bureaucratic control . To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act Your Answer To unshackle the indian industrial economy from the cobwebs of unnecessary bureaucratic control . To introduce liberalization with a view to integrate the indian economy with the world economy . To remove restrictions on direct foreign investment as also to free the domestic entrepreneur from the restriction of MRTP act at 5:16 AM 0 comments Links to this post Labels: Managerial Economics (Set II) Managerial Economics .Market system or market economy suffers from time to time from economic depressions.4 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Economists call all human resources as Correct Answer labor Your Answer labor True/False Question Economic problem arises only in case of an overpopulated country. To introduce liberalization with a view to integrate the indian economy with the world economy .

a system of subsidized pricing is followed Correct Answer True Your Answer True Multiple Choice Single Answer Question The price of a good and the exclusion princople together is Correct Answer divisibility Your Answer indivisibility Multiple Choice Single Answer Question The liability of a sole proprietary firm is .Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have knowledge Correct Answer perfect Your Answer perfect True/False Question The meaning of the word “economic” is most closely associated with the word unlimited Correct Answer True Your Answer True Multiple Choice Single Answer Question The conditions of equilibrium of a firm are applicable to all markets Correct Answer None Your Answer particular True/False Question In case of the co-operative societies supplying cheap inputs or supplying consumer products at fair prices.

. is an example of pr Correct Answer False Your Answer True True/False Question A Joint stock company has perpetual succession.Correct Answer unlimited Your Answer unlimited True/False Question Institution of private property is not an essential feature of Capitalism Correct Answer False Your Answer False True/False Question There never was in any country at any time ‘pure capitalism’ or ‘pure communism Correct Answer True Your Answer True True/False Question The railways using a lot of coal in firing the steam locomotives put the residential and other areas near the loco – shades to a lot of sufferings on account of smoke nuisance. Correct Answer True Your Answer True True/False Question The management of the cooperative form of business organization is totalitarian in nature.

Correct Answer False Your Answer True Multiple Choice Single Answer Question In Trade cycles the economic activity are Correct Answer ups and downs Your Answer ups and downs True/False Question In macro – economic analysis the behavior of economic agents such as firms. disregarding details at particular level Correct Answer True Your Answer True Multiple Choice Single Answer Question Market economy or private enterprise economy is a economy which is Correct Answer planless Your Answer planned Multiple Choice Single Answer Question New commodities due to technotogical progress may result in demand for traditional type of goods Correct Answer decrease Your Answer decrease Multiple Choice Single Answer Question If a person is habituated to the consumption of a commodity and if he cannot easily give up its use. households and government is seen in total. demand for it is generally Correct Answer inelastic Your Answer .

which takes the form of a horizontal line parallelto the quantity axis illustrates elasticity Infinity. adopted by the government. Multiple Choice Single Answer Question The law of diminishing returns is applicable to agriculture provided the state of technology is given and Correct Answer constant Your Answer resources Multiple Choice Single Answer Question Under the system of dual prices in case of essential goods. Infinity.inelastic Match The Following Question Correct Answer Your Answer Normal demand curve Downwards to right Downwards to right Income consumption curve Upwards to the right Upwards to the right Inelastic demand curve Vertical straight line Vertical straight line Cross elasticity of demand between two perfect substitute will be Infinity Infinity A demand curve. the weaker sections of the community are supplied these goods through fair price shops whi Correct Answer fair Your Answer neo –rich Multiple Choice Single Answer .

Marginal cost curve should be increasing at equilibrium point Your Answer Marginal Revenue should be equal to Marginal Cost . Average cost curve should cut the Average Revenue curve Select The Blank Question . The stage of stationary Your Answer The stage of balance Multiple Choice Multiple Answer Question Conditions of equilibrium Correct Answer Marginal Revenue should be equal to Marginal Cost . Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Equilibrium is Correct Answer The stage of maximum satisfaction .Question The Government attempts to increase supplies of food grains and other essential goods in times of internal shortage through larger Correct Answer imports Your Answer borrowings True/False Question External economies are the advantages of large scale production enjoyed exclusively an individual firm alone. The stage of balance . The Marginal cost curve should cut the marginal revenue curve from below at the equilibrium point . The Marginal cost curve should cut the marginal revenue curve from below at the equilibrium point .

Refers to show the varying level of supply at different prices . The level of national income declines rapidly Your Answer Decrease in economic activities . Explains the level of out put varies with the level of employment Your Answer Refers to show the varying level of supply at different prices Multiple Choice Multiple Answer Question Characteristics of Depression Correct Answer Decrease in economic activities . Inventories piling up in stocks Your Answer The demand is halted .Cost-benefit analysis refers to the analysis undertaken to judge any projects ________ whether government or private and find out its ________ and facilities its comparison with other available oppor Correct Answer investments Your Answer investments Correct Answer worth Your Answer profit Multiple Choice Multiple Answer Question Aggregate supply function Correct Answer Refers to that price at which the seller is willing to supply . The growth rate becomes negative . The level of national income declines rapidly Multiple Choice Multiple Answer Question Recession includes Correct Answer The demand is halted . Inventories piling up in stocks . The growth of discrepancy between supply and demand is very fast Multiple Choice Multiple Answer Question The causes of inflation . The growth rate becomes negative . Increase in production of goods .

which the entrepreneurial community actually does expect to be received from the sale of Correct Answer Keynesian Your Answer Keynesian Correct Answer aggregate Your Answer total Select The Blank Question The rate of interest. the ________ demand function refers to the schedule of maximum sales proceeds. An efficient management of the supply . To supply the necessary goods to people at reasonable price . Increase in foreign demand . according to ________ . Increase in private expenditure . An efficient management of the supply .Correct Answer Increase in public expenditure . To supply the necessary goods to people at reasonable price Your Answer To maintain stable price conditions . Increase in foreign demand Your Answer Increase in public expenditure . Increase in taxation Select The Blank Question In the ________ terminology. depends upon two factors: (i) ________ and (ii) the quantity of money Correct Answer Keynes Your Answer Keynes Correct Answer the liquidity preference function Your Answer speculative Multiple Choice Multiple Answer Question Reasons for need of public distribution system Correct Answer To maintain stable price conditions .

. . Multiple Choice Multiple Answer Question Assumptions of the Law of Demand are: Correct Answer No change in consumer’s income . To improve the performance and rationalize the scope of the public sector . Right to information regarding protection . No change in consumer’s preferences . Right to a competitive price . Production function & cost analysis. . Protest against price discrimination Multiple Choice Multiple Answer Question Objectives of economic policy Correct Answer To increase the efficiency and international competitiveness of industrial production . To reform and modernize the financial sector Your Answer To increase the efficiency and international competitiveness of industrial production . Right to information regarding protection Your Answer Protection from hazardous commodities . price system. To reform and modernize the financial sector Multiple Choice Multiple Answer Question Scope of Managerial Economics deals with: Correct Answer Demand analysis and forecasting. price system. Inventory management adverting. To improve the performance and rationalize the scope of the public sector . No change in consumer’s preferences . Production function & cost analysis. . . No change in fashion . No Change in government policy.Multiple Choice Multiple Answer Question The consumer protection Act includes Correct Answer Protection from hazardous commodities . Inventory management adverting. Your Answer Demand analysis and forecasting. No change in fashion Your Answer No change in consumer’s income .

Unit income elasticity Select The Blank Question Managerial ________s generally refers to the integration of economic theory with ________ practice. Correct Answer means Your Answer means Correct Answer alternative Your Answer alternative Select The Blank Question As per the International Labour Organisation (ILO). Correct Answer economic Your Answer economic Correct Answer business Your Answer business Select The Blank Question The problem of unlimited wants and limited ________ with ________ uses has been forever confronting mankind. _ ________ is a ________ association of individuals with limited income on the basis of equal rights and responsibilities for achieving certa Correct Answer Co-operation Your Answer Co-operation Correct Answer voluntary Your Answer . Unit income elasticity Your Answer Negative income elasticity . Zero income elasticity .Multiple Choice Multiple Answer Question Types of income elasticity of demand Correct Answer Negative income elasticity . Zero income elasticity .

the ________ . Correct Answer firm Your Answer firm Correct Answer life-cycle theory Your Answer homeostatic theory Select The Blank Question The ________-taking theory was developed by the ________ . other demand determinants remaining constant. Correct Answer American economist Hawley Your Answer risk Correct Answer risk Your Answer American economist Hawley Select The Blank Question The extent of the change of demand for a commodity to a given change in ________ . is termed as the ________ of demand. according to the ________ theory.voluntary Select The Blank Question Like all organism. According to him. too is an organism. profit arises because considerable amount of risk is involved in business. Correct Answer price Your Answer price Correct Answer price elasticity .

Keynes Aggregate Demand Function . M.Your Answer price elasticity Select The Blank Question Indices constructed for one ________ should not be ________ for other purposes where they not be fully appropriate and given erroneous conclusions. ‘as the proportion of one factor in a combination of factors is ________ after a point. Correct Answer purpose Your Answer purpose Correct Answer used Your Answer used Select The Blank Question The law of diminishing returns states that. first the ________ and then the average product of that factor w Correct Answer increased Your Answer increased Correct Answer marginal Your Answer marginal Match The Following Question Correct Answer Your Answer Statutory Reserve Ratio Quantitative credit Control Measure Quantitative credit Control Measure Trade cycle Wave – like movement Wave – like movement Keynesian theory Short – Period Analysis J.

Correct Answer False Your Answer False Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have knowledge Correct Answer perfect Your Answer perfect True/False Question The meaning of the word “economic” is most closely associated with the word unlimited Correct Answer True Your Answer True .Maximum sale proceeds expected by entrepreneurs Short – Period Analysis Effective Demand J.4 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Economists call all human resources as Correct Answer labor Your Answer labor True/False Question Economic problem arises only in case of an overpopulated country. Keynes Maximum sale proceeds expected by entrepreneurs at 5:14 AM 0 comments Links to this post Labels: Managerial Economics (Set II) Managerial Economics . M.

a system of subsidized pricing is followed Correct Answer True Your Answer True Multiple Choice Single Answer Question The price of a good and the exclusion princople together is Correct Answer divisibility Your Answer indivisibility Multiple Choice Single Answer Question The liability of a sole proprietary firm is Correct Answer unlimited Your Answer unlimited True/False Question Institution of private property is not an essential feature of Capitalism Correct Answer False Your Answer False True/False Question There never was in any country at any time ‘pure capitalism’ or ‘pure communism .Multiple Choice Single Answer Question The conditions of equilibrium of a firm are applicable to all markets Correct Answer None Your Answer particular True/False Question In case of the co-operative societies supplying cheap inputs or supplying consumer products at fair prices.

Correct Answer False Your Answer True Multiple Choice Single Answer Question In Trade cycles the economic activity are Correct Answer ups and downs Your Answer ups and downs True/False Question .Correct Answer True Your Answer True True/False Question The railways using a lot of coal in firing the steam locomotives put the residential and other areas near the loco – shades to a lot of sufferings on account of smoke nuisance. is an example of pr Correct Answer False Your Answer True True/False Question A Joint stock company has perpetual succession. Correct Answer True Your Answer True True/False Question The management of the cooperative form of business organization is totalitarian in nature.

In macro – economic analysis the behavior of economic agents such as firms. households and government is seen in total. disregarding details at particular level Correct Answer True Your Answer True Multiple Choice Single Answer Question Market economy or private enterprise economy is a economy which is Correct Answer planless Your Answer planned Multiple Choice Single Answer Question New commodities due to technotogical progress may result in demand for traditional type of goods Correct Answer decrease Your Answer decrease Multiple Choice Single Answer Question If a person is habituated to the consumption of a commodity and if he cannot easily give up its use. demand for it is generally Correct Answer inelastic Your Answer inelastic Match The Following Question Correct Answer Your Answer Normal demand curve Downwards to right Downwards to right Income consumption curve Upwards to the right .

Upwards to the right Inelastic demand curve Vertical straight line Vertical straight line Cross elasticity of demand between two perfect substitute will be Infinity Infinity A demand curve. which takes the form of a horizontal line parallelto the quantity axis illustrates elasticity Infinity. Infinity. the weaker sections of the community are supplied these goods through fair price shops whi Correct Answer fair Your Answer neo –rich Multiple Choice Single Answer Question The Government attempts to increase supplies of food grains and other essential goods in times of internal shortage through larger Correct Answer imports Your Answer borrowings True/False . Multiple Choice Single Answer Question The law of diminishing returns is applicable to agriculture provided the state of technology is given and Correct Answer constant Your Answer resources Multiple Choice Single Answer Question Under the system of dual prices in case of essential goods. adopted by the government.

The Marginal cost curve should cut the marginal revenue curve from below at the equilibrium point .Question External economies are the advantages of large scale production enjoyed exclusively an individual firm alone. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Equilibrium is Correct Answer The stage of maximum satisfaction . The Marginal cost curve should cut the marginal revenue curve from below at the equilibrium point . The stage of balance . Average cost curve should cut the Average Revenue curve Select The Blank Question Cost-benefit analysis refers to the analysis undertaken to judge any projects ________ whether government or private and find out its ________ and facilities its comparison with other available oppor Correct Answer investments Your Answer investments Correct Answer worth Your Answer profit Multiple Choice Multiple Answer Question Aggregate supply function Correct Answer . The stage of stationary Your Answer The stage of balance Multiple Choice Multiple Answer Question Conditions of equilibrium Correct Answer Marginal Revenue should be equal to Marginal Cost . Marginal cost curve should be increasing at equilibrium point Your Answer Marginal Revenue should be equal to Marginal Cost .

Increase in production of goods . Increase in foreign demand . Refers to show the varying level of supply at different prices . Inventories piling up in stocks Your Answer The demand is halted . Increase in taxation Select The Blank Question In the ________ terminology. which the entrepreneurial community actually does expect to be received from the sale of Correct Answer Keynesian Your Answer Keynesian . Inventories piling up in stocks .Refers to that price at which the seller is willing to supply . The growth rate becomes negative . the ________ demand function refers to the schedule of maximum sales proceeds. Explains the level of out put varies with the level of employment Your Answer Refers to show the varying level of supply at different prices Multiple Choice Multiple Answer Question Characteristics of Depression Correct Answer Decrease in economic activities . Increase in private expenditure . Increase in foreign demand Your Answer Increase in public expenditure . The growth of discrepancy between supply and demand is very fast Multiple Choice Multiple Answer Question The causes of inflation Correct Answer Increase in public expenditure . The level of national income declines rapidly Your Answer Decrease in economic activities . The level of national income declines rapidly Multiple Choice Multiple Answer Question Recession includes Correct Answer The demand is halted . The growth rate becomes negative .

An efficient management of the supply . Right to a competitive price . Right to information regarding protection . Right to information regarding protection Your Answer Protection from hazardous commodities . Protest against price discrimination Multiple Choice Multiple Answer Question Objectives of economic policy Correct Answer . according to ________ . To supply the necessary goods to people at reasonable price Multiple Choice Multiple Answer Question The consumer protection Act includes Correct Answer Protection from hazardous commodities . To supply the necessary goods to people at reasonable price Your Answer To maintain stable price conditions .Correct Answer aggregate Your Answer total Select The Blank Question The rate of interest. An efficient management of the supply . depends upon two factors: (i) ________ and (ii) the quantity of money Correct Answer Keynes Your Answer Keynes Correct Answer the liquidity preference function Your Answer speculative Multiple Choice Multiple Answer Question Reasons for need of public distribution system Correct Answer To maintain stable price conditions .

No change in consumer’s preferences . Multiple Choice Multiple Answer Question Types of income elasticity of demand Correct Answer Negative income elasticity . No Change in government policy. To improve the performance and rationalize the scope of the public sector . . No change in fashion Your Answer No change in consumer’s income . price system. To reform and modernize the financial sector Your Answer To increase the efficiency and international competitiveness of industrial production . . To improve the performance and rationalize the scope of the public sector .To increase the efficiency and international competitiveness of industrial production . No change in fashion . Zero income elasticity . Production function & cost analysis. Inventory management adverting. Your Answer Demand analysis and forecasting. . . Multiple Choice Multiple Answer Question Assumptions of the Law of Demand are: Correct Answer No change in consumer’s income . price system. Correct Answer . Unit income elasticity Your Answer Negative income elasticity . Unit income elasticity Select The Blank Question Managerial ________s generally refers to the integration of economic theory with ________ practice. Zero income elasticity . No change in consumer’s preferences . Inventory management adverting. To reform and modernize the financial sector Multiple Choice Multiple Answer Question Scope of Managerial Economics deals with: Correct Answer Demand analysis and forecasting. Production function & cost analysis.

economic Your Answer economic Correct Answer business Your Answer business Select The Blank Question The problem of unlimited wants and limited ________ with ________ uses has been forever confronting mankind. the ________ . according to the ________ theory. _ ________ is a ________ association of individuals with limited income on the basis of equal rights and responsibilities for achieving certa Correct Answer Co-operation Your Answer Co-operation Correct Answer voluntary Your Answer voluntary Select The Blank Question Like all organism. . too is an organism. Correct Answer means Your Answer means Correct Answer alternative Your Answer alternative Select The Blank Question As per the International Labour Organisation (ILO).

Correct Answer American economist Hawley Your Answer risk Correct Answer risk Your Answer American economist Hawley Select The Blank Question The extent of the change of demand for a commodity to a given change in ________ . profit arises because considerable amount of risk is involved in business. is termed as the ________ of demand. Correct Answer purpose Your Answer purpose Correct Answer used Your Answer .Correct Answer firm Your Answer firm Correct Answer life-cycle theory Your Answer homeostatic theory Select The Blank Question The ________-taking theory was developed by the ________ . other demand determinants remaining constant. According to him. Correct Answer price Your Answer price Correct Answer price elasticity Your Answer price elasticity Select The Blank Question Indices constructed for one ________ should not be ________ for other purposes where they not be fully appropriate and given erroneous conclusions.

M. Keynes Aggregate Demand Function Maximum sale proceeds expected by entrepreneurs Short – Period Analysis Effective Demand J. first the ________ and then the average product of that factor w Correct Answer increased Your Answer increased Correct Answer marginal Your Answer marginal Match The Following Question Correct Answer Your Answer Statutory Reserve Ratio Quantitative credit Control Measure Quantitative credit Control Measure Trade cycle Wave – like movement Wave – like movement Keynesian theory Short – Period Analysis J. M. ‘as the proportion of one factor in a combination of factors is ________ after a point.used Select The Blank Question The law of diminishing returns states that. Keynes Maximum sale proceeds expected by entrepreneurs .

LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice 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 sufficient Multiple Choice Single Answer Question All the buyers and sellers operating under perfect competition have knowledge Correct Answer perfect Your Answer perfect .

how and for whom to produce Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce goods and services Commodities goods and services scarce Human wants unlimited unlimited General Theory of Employment. M. Keynes True/False Question .True/False Question Inflation reduces the purchasing power of money and savings. Keynes J. Interest and Money J. M. Correct Answer True Your Answer False Multiple Choice Single Answer Question The supply curve during market period is perfectly Correct Answer inelastic Your Answer inelastic True/False Question Micro-economics is primarily concerned with the problem of what.

The price policy under monopolistic competition is dependent on the prices charged by other rival firms Correct Answer True Your Answer False Multiple Choice Single Answer Question All firms producing the same or similar product together make Correct Answer an industry Your Answer an industry Multiple Choice Single Answer Question Joint Stock Company succession is Correct Answer perpetual Your Answer perpetual True/False Question Private profit motive is an essential feature of Capitalism Correct Answer True Your Answer True True/False Question ‘Free riders’ is a term associated with the people who would like to have benefit of a good without sharing the cost of its supply Correct Answer True Your Answer False Multiple Choice Single Answer Question Macro – economics provides an exploration to the functioning of an economy in Correct Answer general Your Answer general .

True/False Question Inflation is a great opportunity for merchants to benefit more. the differences in the concept of profit arise out of the differences in cost concepts Correct Answer True Your Answer False Multiple Choice Single Answer Question In economics demand means desire backed by adequate Correct Answer purchasing power Your Answer ability to pay Multiple Choice Single Answer Question The law of diminishing returns is applicable to agriculture provided the state of technology is given and Correct Answer constant Your Answer constant Multiple Choice Single Answer Question . Correct Answer True Your Answer True True/False Question The various phases of business cycles are shown by the line of cycle which moves up and down the steady growth line Correct Answer True Your Answer True True/False Question In the measurement of profit.

sugar. oils. the R. I relies heavily on selective credit controls on bank loans against food grains. Correct Answer False Your Answer False True/False Question The supply curve in case of unitary elastic supply is rectangular hyperbola. cotton etc so as to discourage Correct Answer Speculative hoarding Your Answer Speculative hoarding Multiple Choice Single Answer Question Slope of supply curve is Correct Answer positive Your Answer positive Multiple Choice Single Answer Question Costs which increase because of the expansion of a firm are called costs Correct Answer incremental Your Answer incremental True/False Question The opportunity cost of a product is the opportunity gained of being able to produce some other product. The ownership and management of each firm is different . oilseeds. All firms dealing in the same line of business . B.Under the monetary measures to control inflation. Correct Answer False Your Answer False Multiple Choice Multiple Answer Question An Industry Correct Answer Is a group of firms .

Your Answer Is a group of firms . there are ________ sellers but ________ buyer Correct Answer many Your Answer many Correct Answer only one Your Answer only one Match The Following Question Correct Answer Your Answer Marginal utility Addition to total utility Addition to total utility Total utility increases marginal Posative and declining Marginal utility is zero At the saturation point for a commodity x the Mux is Zero Demand curve of a commodity Marginal utilities are Demand curve of a commodity Posative and declining Total utility is Marginal utility is zero . there is ________ seller who controls the entire ________ in the market Correct Answer only one Your Answer only one Correct Answer supply Your Answer supply Select The Blank Question Under monopsony. All firms dealing in the same line of business . The ownership and management of each firm is different Select The Blank Question Under monopoly.

It is a general and dynamic phenomenon . It is expressed as the percentage of income consumed Your Answer It is derived by dividing income by consumption expenditure Multiple Choice Multiple Answer Question Inflation means Correct Answer It is a phenomenon of rising prices .Zero Select The Blank Question By using cost-benefit analysis we can show the ________ necessary for attaining maximum ________ and optimal policy aiming at this goal Correct Answer measures Your Answer Gross Domestic Product Correct Answer net wealth Your Answer gross wealth Multiple Choice Multiple Answer Question Average propensity to consume Correct Answer It is defined as the ratio of consumption expenditure to any particular level of income . which must be expected to be received by the entrepreneur class from the sale of output result Correct Answer schedule Your Answer demand Correct Answer revenues Your Answer revenues . It includes an excess of demand Your Answer It is a phenomenon of rising prices Select The Blank Question Aggregate supply function refers to a ________ of the various minimum amounts of proceeds or ________ . It is found by dividing consumption expenditure by income .

Deficit financing and increase in money supply . Role of black money Multiple Choice Multiple Answer Question . The basic objective is to achieve economic stability Multiple Choice Multiple Answer Question Causes for rise in prices in India Correct Answer Mounting government expenditure . Monitoring of public expenditure Your Answer Formation of taxation policy . It controls the total supply of money . Role of black money Your Answer Mounting government expenditure . It is an instrument for economic stabilization . Deficit financing and increase in money supply . which the entrepreneurial community actually does expect to be received from the sale of Correct Answer Keynesian Your Answer Keynesian Correct Answer aggregate Your Answer aggregate Multiple Choice Multiple Answer Question The fiscal policy includes Correct Answer Formation of taxation policy . Monitoring of public expenditure Multiple Choice Multiple Answer Question The meaning of monetary policy Correct Answer It is programme of the central bank . It is an instrument for economic stabilization . The basic objective is to achieve economic stability Your Answer It is programme of the central bank . It controls the total supply of money .Select The Blank Question In the ________ terminology. the ________ demand function refers to the schedule of maximum sales proceeds.

These resources are not specific but have alternative uses. Multiple Choice Multiple Answer Question The sources of economic problems are: Correct Answer Man has unlimited wants or ends . Multiple Choice Multiple Answer Question Methods of measurement of elasticity Correct Answer Percentage Method . Using logic of economics. Joint sector. An organization of single person. The means or resources to satisfy them are limited. . Your Answer Man has unlimited wants or ends . . Correct Answer Private sector. . Total outlay expenditure method Your Answer Percentage Method . Your Answer Owned by a single person. . Using logic of economics. . Public sector. The use of economic modes of thought to analyze business solution. mathematics & statistics.Managerial economics deals with Correct Answer Integration of economic theory with business practice . Point elasticity Method . Multiple Choice Multiple Answer Question Proprietary firm is Correct Answer Owned by a single person. mathematics & statistics. The means or resources to satisfy them are limited. . Point elasticity Method . Total outlay expenditure method Multiple Choice Multiple Answer Question Demand forecasts are necessary for: Correct Answer . Easy to form. . Your Answer Joint sector. Multiple Choice Multiple Answer Question Different types of business organizations are. These resources are not specific but have alternative uses. Your Answer Integration of economic theory with business practice .

Preparation of a budget . Correct Answer land and minerals Your Answer land and minerals Correct Answer human capacity Your Answer human capacity Select The Blank Question Individual or sole ________ . or single entrepreneurship is the most common. Expansion of firms Your Answer Preparation of a budget .________ .Fulfillment of objective of the plans . Besides economic theory. which is also called sole. the simplest and the oldest form of business organisation. Correct Answer proprietorship Your Answer proprietorship Correct Answer trader ship Your Answer trader ship . there is some difference between the generalization based on abstraction and actual practices. mat Correct Answer decision making Your Answer optimal Correct Answer statistics Your Answer Select The Blank Question The resources of a society consist not only of the free gifts of nature such as ________ but also of ________ and of all sorts of man made aids to further production. Expansion of firms Select The Blank Question Economic theory provides the basis for the ________ _ making process.

are non. Correct Answer money Your Answer opportunity Correct Answer opportunity Your Answer gross Select The Blank Question Costs may be classified as : (a) ________ . it is also called expenses of production.Select The Blank Question Nominal cost is the ________ cost of production.expenditure or . including costs of advertising and (c) other costs. including insurance ch Correct Answer Production costs Your Answer Production costs Correct Answer Selling costs Your Answer Selling costs Select The Blank Question The costs of self owned resources.12 LIST OF ATTEMPTED QUESTIONS AND ANSWERS . at 6:31 AM 0 comments Links to this post Labels: Managerial Economics (Set IV) Managerial Economics . wage cost and interest cost (b) ________ . which are employed by the ________ . ________ Correct Answer firm Your Answer firm Correct Answer implicit costs . Your Answer implicit costs . including material costs. The real cost is the ________ cost of production.

Economic theory contributes to . which are not priced. Relative prices of other goods . the decisions regarding their demand preferences are taken through price mechanism. . Tastes and habits Your Answer Price of the product . Correct Answer True Your Answer True Multiple Choice Single Answer Question The city of Faridabad has specialized in the manufacture of Correct Answer bangles Your Answer bangles Multiple Choice Multiple Answer Question Demand is determined by Correct Answer Price of the product . Relative prices of other goods . Economic theory contributes in building anlyatical model to rocognize managerial problems .'a set of analytical methods' which enhance the analytical capabilities of business analyasis True/False Question In case of indivisible goods.'a set of analytical methods' which enhance the analytical capabilities of business analyasis Your Answer Economic theory offers clarity to various concepts used in the business anlayses . Economic theory contributes in building anlyatical model to rocognize managerial problems .True/False Question A monopolist in a price maker. Economic theory contributes to . Tastes and habits Multiple Choice Multiple Answer Question Baumol has pointed out three main contributions of economic theory. They are Correct Answer Economic theory offers clarity to various concepts used in the business anlayses .

Correct Answer False Your Answer True Multiple Choice Single Answer Question The act of making goods and services is called Correct Answer production Your Answer production Multiple Choice Single Answer Question With decline in price of a commodity.Correct Answer False Your Answer True True/False Question A shift in the demand curve to the left shows increase in demand. total expenditure spent on the commodity is less than before.S Voluntary social work Voluntary social work Sole proprietorship Unlimited liability Unlimited liability Preference shares Fixed rate of dividend Fixed rate of dividend Public enterprises State control State control .G. then elasticity of demand for the commodity is Correct Answer <1 Your Answer <1 Match The Following Question Correct Answer Your Answer N.O.

Homogeneous products . Free entry and free exit of firms Your Answer Large number of buyers and sellers . Correct Answer True Your Answer True Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answer consumption Your Answer consumption True/False Question External economies are the advantages of large scale production enjoyed exclusively an individual firm alone.True/False Question Pure private goods are completely divisible and to them the principle of exclusion applies in full measure. Homogeneous products . Correct Answer False Your Answer True Multiple Choice Single Answer Question Market mechanism is characterized by Correct Answer instability Your Answer stability Multiple Choice Multiple Answer Question Features of Pure Competition are Correct Answer Large number of buyers and sellers . Free entry and free exit of firms Multiple Choice Single Answer Question The things that are produced by factors of production are called .

Factors of production and final production . Correct Answer Pecuniary Your Answer Social Select The Blank Question The index numbers which are compiled to measure the changes in retail prices of various commodities refers to ________ Correct Answer Retail prices index Your Answer Retail prices index Select The Blank Question In the context of formulating an investment project.Correct Answer commodities Your Answer free goods True/False Question Generally. Demand for production Select The Blank Question The externality which causes an economic gain or an economic loss to other economic units is also referred to as ________ externality. his demand for overall commodities tends to be relatively elastic. Technology used in production Your Answer Input and out put relation . the larger the income of a consumer. . Factors of production and final production . Correct Answer False Your Answer False Multiple Choice Multiple Answer Question The production function studies Correct Answer Input and out put relation . ________ feasibility means the availability of supervisors for implementing and running the project smoothly and professionally.

Correct Answer 2 Your Answer 2 Select The Blank Question In a market economy ________ is the best judge of personal interest.Correct Answer management Your Answer management Select The Blank Question The minimum number of directors which private limited should have is ________. Correct Answer True Your Answer True Multiple Choice Single Answer Question The type economic problem is Correct Answer universal Your Answer universal Multiple Choice Single Answer Question . Correct Answer individual Your Answer individual Multiple Choice Single Answer Question The concept of just distribution of national product is a Correct Answer normative Your Answer neutral True/False Question Supply management is related to the volume ofsupply & its distribution system.

the market in which few firms exists is called as Correct Answer Oligopoly Your Answer Oligopoly True/False Question There are no real exceptions to the law of demand Correct Answer . etc Multiple Choice Single Answer Question The firm is a center. commissions. reasonable profit target . Control the market mechanism by charging license fees. Factors of production are optimally allocated between the various industries . sales revenue maximization . sales revenue maximization Your Answer maximization of profit . All will get sufficient income to meet their basic needs Your Answer To provide employment to all who willing to work at prevailing wage rate . where all the decisions are taken about Correct Answer production Your Answer production Multiple Choice Single Answer Question Under the imperfect market. Factors of production are optimally allocated between the various industries . to cover risk and uncertainty Multiple Choice Multiple Answer Question Government intervention is needed in free market mechanism to Correct Answer To provide employment to all who willing to work at prevailing wage rate .Under monopoly entry of new firms is Correct Answer prohibited Your Answer prohibited Multiple Choice Multiple Answer Question Specific organizational goals of Firms are Correct Answer maximization of profit .

the cost of production is calculated on the assumption that the material which was last to enter the inventory of the company was used first is Correct Answer LIFO Your Answer LIFO . Easy to form Your Answer Ownership by a single person . Easy to form Select The Blank Question Sole Proprietorship which is also called sole ________ Correct Answer tradership Your Answer tradership Multiple Choice Single Answer Question The method of inventory valuation in which .False Your Answer False 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 True/False Question The prosperity phase is characterized by rise in the level of employment. Ownership by a single person . Correct Answer True Your Answer True Multiple Choice Multiple Answer Question The characteristics of a sole proprietorship firm is Correct Answer Unlimited Capital .

state government. advertisement. Prestige price high price on account of prestige considerations.Multiple Choice Single Answer Question In economics. Pricing in cooperative societies . high price on account of prestige considerations. Administered prices public sector undertaking. demand means desire backed by adequate Correct Answer purchasing power Your Answer purchasing power Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice Multiple Choice Single Answer Question A group of firms dealing in the same line of business are called as Correct Answer Industry Your Answer Industry Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics Match The Following Question Correct Answer Your Answer Non-price competition advertisement.

Increase in taxation Select The Blank Question The partnership between private sector & government is called ________ Correct Answer Joint sector enterprise Your Answer Joint sector enterprise .) of a firm under perfect competition is Correct Answer perfectly elastic Your Answer inelastic Multiple Choice Multiple Answer Question The advantage of cost-benefit analysis are Correct Answer Maximization of social welfare . Increase in foreign demand Your Answer Increase in public expenditure . Increase in foreign demand . Maximization of difference between total benefits & total costs Your Answer Maximization of social welfare . public sector undertaking. Objective measurement of the trade-off . Multiple Choice Single Answer Question The demand curve (A. Applicable only in partial equilibrium framework.state government. Select The Blank Question By using cost-benefit analysis we can show the measures necessary for attaining maximum ________ and optimal policy aiming at this goal. Correct Answer net wealth Your Answer net domestic product Multiple Choice Multiple Answer Question The causes of inflation are Correct Answer Increase in public expenditure .R. Maximization of difference between total benefits & total costs . Increase in private expenditure .

Some factors can at 6:30 AM 0 comments Links to this post Labels: Managerial Economics (Set IV) to some extent . Correct Answer False Your Answer False Select The Blank Question When demand for the product increases in the same proportion in which income increases. Correct Answer False Your Answer True True/False Question The subject matter of macro – economics includes the theory of income and employment at an individual level.Multiple Choice Multiple Answer Question Features of short run period are Correct Answer Supply of goods can be adjusted to the demand demand determine the price . Supply and be changed Managerial Economics . Some factors can Your Answer Supply of goods can be adjusted to the demand demand determine the price . Income elasticity of demand will be equal to________ Correct Answer unity Your Answer unity .11 LIST OF ATTEMPTED QUESTIONS AND ANSWERS True/False Question A supply schedule is a graphical presentation of supply patterns. Supply and be changed to some extent .

These are firms accounting expenses . linked together either physically or by processes.Multiple Choice Multiple Answer Question Features of stage of expansion in business cycle are Correct Answer Rise in national output . Expenditure costs Your Answer Out of pocket costs . Rise in consumer and capital expenditure . betel. capable of producing a given quantity of a product per day is Correct Answer plant Your Answer plant Multiple Choice Single Answer Question The Risk Taking Theory was developed by Hawley. Bank advances grow rapidly Your Answer Rise in national output . tobacoo. sigaratte is a matter of Correct Answer habit Your Answer habit Multiple Choice Single Answer Question If the substitutes are relatively cheaper then the demand for the commodity in question will be Correct Answer less Your Answer less Multiple Choice Single Answer Question An assembly of several machines. Expenditure costs Multiple Choice Single Answer Question Demand for products like tea. Bank advances grow rapidly Multiple Choice Multiple Answer Question Explicit costs are Correct Answer Out of pocket costs . who was an . Rise in consumer and capital expenditure . These are firms accounting expenses .

the principle of ________ may be applied in case of only those people who do not agree to pay or who cannot pay the market price Correct Answer exclusion Your Answer exclusion Multiple Choice Multiple Answer Question Features of the firm are Correct Answer It is a business unit organized under one ownership . It is a partnership or joint stock company Your Answer . Correct Answer Partners Your Answer Partners Select The Blank Question Perfectly elastic demand curve is ________ Correct Answer horizontal Your Answer horizontal Select The Blank Question While discussing the product divisibility of public and private goods. Correct Answer Accounting cost Your Answer Accounting cost Select The Blank Question The persons who own the ________hip concern are called Partners.Correct Answer American Economist Your Answer American Economist Select The Blank Question The cost which enter the accounts book of the firm are referred as ________. It is a sole proprietorship .

Interest and Money J. M. Keynes J. It is a sole proprietorship . Increase in private expenditure . Correct Answer True Your Answer True Match The Following Question Correct Answer Your Answer Human wants unlimited unlimited General Theory of Employment. M. Maximization of difference between total benefits & total costs . Keynes Managerial economics Decision making and forward planning Decision making and forward planning Resources scarce scarce Commodities goods and services goods and services Multiple Choice Multiple Answer Question The advantage of cost-benefit analysis are Correct Answer Maximization of social welfare . Increase in private expenditure . Increase in foreign demand Your Answer Increase in public expenditure . Objective measurement of the trade-off . It is a partnership or joint stock company Multiple Choice Multiple Answer Question The causes of inflation are Correct Answer Increase in public expenditure .It is a business unit organized under one ownership . Increase in foreign demand True/False Question Inflation is a great opportunity for merchants to earn more profit.

Is a group of firms Your Answer All firms dealing in the same line of business . Correct Answer True Your Answer . The ownership and management of each firm is different . Correct Answer False Your Answer False Multiple Choice Multiple Answer Question Features of an Industry are Correct Answer All firms dealing in the same line of business . Objective measurement of the trade-off . there is decline in income and consumption.Your Answer Maximization of social welfare . Is a group of firms Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Correct Answer Practice Your Answer Practice True/False Question During recession. on account of decline in investment by producers. Maximization of difference between total benefits & total costs Select The Blank Question Sole Proprietorship which is also called sole ________ Correct Answer tradership Your Answer tradership True/False Question A plant is an economic unit which takes various decisions related to production and distribution. The ownership and management of each firm is different .

It is an instrument for economic stabilization Your Answer Formation of taxation policy . profit is a reward for Correct Answer uncertainty bearing Your Answer uncertainty bearing Multiple Choice Single Answer Question . Correct Answer Pecuniary Your Answer Social Multiple Choice Single Answer Question According to Prof.True Multiple Choice Multiple Answer Question The fiscal policy includes Correct Answer Monitoring of public expenditure . It is an instrument for economic stabilization . F.H. Formation of taxation policy . Monitoring of public expenditure Multiple Choice Single Answer Question Forecasts made either through experience or through methodigistic are Correct Answer statistical Your Answer statistical Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answer applied economics Your Answer applied economics Select The Blank Question The externality which causes an economic gain or an economic loss to other economic units is also referred to as ________ externality. Knight.

The principle of full employment equilibrium was stated by Correct Answer Say's Law of Market Your Answer Law of Demand Multiple Choice Multiple Answer Question Phases of business cycle Correct Answer Expansion , Peak , Recession Your Answer Expansion , Peak , Recession , Trough True/False Question In case of a Joint Stock Company the liability of the share holders is unlimited. Correct Answer False Your Answer False Multiple Choice Single Answer Question Goods which are completely divisible and to them the principle of exclusion applies in full measure, are called Correct Answer Pure public goods Your Answer Private goods Multiple Choice Multiple Answer Question Assumptions underlying the law of Supply are Correct Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged Your Answer The cost of production is unchanged , No change in technique of production , Government policies are unchanged Multiple Choice Multiple Answer Question The payments made out of the Gross Profit are Correct Answer Remuneration to factors of production , Depreciation , Maintenance Charges Your Answer

Remuneration to factors of production , Depreciation , Maintenance Charges Select The Blank Question The indivisible goods to which the principle exclusion does not apply are called ________ goods. Correct Answer pure public Your Answer pure public True/False Question Micro-economics is primarily concerned with the problem of what, how and for whom to produce? Correct Answer False Your Answer True Multiple Choice Single Answer Question Gross profit is the excess of total revenue of a firm over total Correct Answer expenditure Your Answer expenditure True/False Question During period of depression various factors of production lie unutilized. Correct Answer True Your Answer True Multiple Choice Multiple Answer Question Co-operative organizations is Correct Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members Your Answer voluntary organization , managed by democratic principle , organization, which performs its business within the members , non profit motive organization Multiple Choice Single Answer

Question Macro economics is the study of the Correct Answer aggregate behavior of economy Your Answer aggregate behavior of economy True/False Question To solve the unemployment problem, the level of effective demand must decrease. Correct Answer False Your Answer False Multiple Choice Single Answer Question The public sector is owned & controlled by Correct Answer state enterprises Your Answer state enterprises Select The Blank Question Demand for safety pins is ________ Correct Answer inelastic Your Answer relatively inelastic Multiple Choice Single Answer Question Under perfect competition, generally demand and supply act and react upon each other and determine the price Correct Answer equilibrium Your Answer equilibrium True/False Question During the period of recession there is increase in incomes of wage and interest earners. Correct Answer False

Your Answer False Select The Blank Question In a market economy ________ is the best judge of personal interest. the accountant means total revenue minus________. Correct Answer individual Your Answer firm Flash Managerial Economics Question Paper – 1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question By ' profits'. Correct AnswerExplicit costs Your Answer Fixed costs .

Laws to return to scale . scarce means have alternate uses Your Answer studies human behaviour . Optimum combination of inputs Your Answer Law of variable proportion . scarce means have alternate uses Select The Blank Question Under the decreasing returns to scale. the accountant means total revenue minus________. Correct Answerdownward Your Answer downward Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answerapplied economics Your Answer applied economics Multiple Choice Single Answer Question Q = f ( N. Neighborhood effects . Optimum combination of inputs Multiple Choice Multiple Answer Question The term externalities may also be referred as: Correct AnswerSpill-over effects . K. L.Multiple Choice Multiple Answer Question According to Lionel Robbins definition of economics. the marginal output curve slopes ________. Third party effects Your Answer Spill-over effects . Laws to return to scale . "Economics is a science which Correct Answerstudies human behaviour . Correct AnswerExplicit costs Your Answer Fixed costs Multiple Choice Multiple Answer Question According to Lionel Robbins definition of economics. relationship between ends and scarse . Neighborhood effects . relationship between ends and scarse resources . relationship between ends and scarse resources . this algebraic expression is used for Correct AnswerProduction Function Your Answer Production Function Multiple Choice Multiple Answer Question The production function can be studied in three ways Correct AnswerLaw of variable proportion . "Economics is a science which Correct Answerstudies human behaviour . Third party effects Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Flash Managerial Economics Question Paper – 1 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Select The Blank Question By ' profits'. T ) .

interest Your Answer wages . this algebraic expression is used for Correct AnswerProduction Function Your Answer Production Function Multiple Choice Multiple Answer Question The production function can be studied in three ways Correct AnswerLaw of variable proportion . T ) . K. rent . Third party effects Your Answer Spill-over effects . Neighborhood effects .resources . scarce means have alternate uses Your Answer studies human behaviour . the marginal output curve slopes ________. relationship between ends and scarse resources . Laws to return to scale . rent . L. Optimum combination of inputs Your Answer Law of variable proportion . Neighborhood effects . Optimum combination of inputs Multiple Choice Multiple Answer Question The term externalities may also be referred as: Correct AnswerSpill-over effects . Laws to return to scale . Correct Answerdownward Your Answer downward Multiple Choice Single Answer Question Managerial economics is also understood to refer to Correct Answerapplied economics Your Answer applied economics Multiple Choice Single Answer Question Q = f ( N. Third party effects Multiple Choice Single Answer Question Managerial economics generally refers to the integration of economic theory with business Managerial Economics Correct AnswerPractice Your Answer Practice Multiple Choice Single Answer Question Every seller and a buyer under pure competition Correct Answeris Price taker Your Answer is Price taker Match The Following Question Correct Answer Your Answer Motor cars Tangible goods Tangible goods Wants Insatiable Insatiable Managerial Economics Prescriptive in nature Prescriptive in nature Resources Alternative uses Alternative uses Division of society’s output of goods and services The theory of distribution The theory of distribution Multiple Choice Multiple Answer Question Accounting profit includes Correct Answerwages . scarce means have alternate uses Select The Blank Question Under the decreasing returns to scale. interest Multiple Choice Single Answer Question The city of Coimbatore has developed a big market for Correct Answerspinning Your Answer spinning .

Multiple Choice Single Answer Question The type economic problem is Correct Answeruniversal Your Answer universal True/False Question Contraction of supply is traced by the downward movement on the supply curve Correct AnswerTrue Your Answer False True/False Question Demand for luxury goods is inelastic Managerial Economics Correct AnswerFalse Your Answer False Multiple Choice Single Answer Question The term Managerial economics also refers to Correct Answerapplied economics Your Answer applied economics Multiple Choice Multiple Answer Question Methods of forecasting demand for new products are Correct AnswerProduct life cycle analysis . No change in consumer’s preferences . Production function & cost analysis . The cost of technology True/False Question A supply schedule is a graphical presentation of supply patterns. Production function & cost analysis . The size of the plant Your Answer The prices of such inputs as labour and capital material . Inventory management adverting. No change in fashion Select The Blank Question Demand for safety pins is________ Correct Answerinelastic Your Answer inelastic Multiple Choice Multiple Answer Question Scope of Managerial Economics deals with Correct AnswerDemand analysis and forecasting . No change in consumer’s preferences . price system Select The Blank Question Sole Proprietorship which is also called sole________ Correct Answertradership Your Answer tradership Multiple Choice Multiple Answer Question Cost function denotes Correct AnswerThe prices of such inputs as labour and capital material . The size of the plant . Test marketing . No change in fashion Your Answer No change in consumer’s income . Evolutionary approach Your Answer Evolutionary approach Multiple Choice Multiple Answer Question Assumptions of the Law of Demand are Correct AnswerNo change in consumer’s income . Managerial Economics Correct AnswerFalse Your Answer True Multiple Choice Single Answer Question The act of making goods and services is called Correct Answerproduction . Inventory management adverting. The rate of output . price system Your Answer Demand analysis and forecasting .

Correct AnswerFalse Managerial Economics Your Answer True Multiple Choice Multiple Answer Question Phases of business cycle Correct AnswerExpansion . Cross elasticity of demand Multiple Choice Multiple Answer Question The characteristics of Inflation are Correct AnswerExcess of demand . Trough Multiple Choice Multiple Answer Question Different types of Elasticity of Demand are Correct AnswerPrice elasticity of demand . Cannot be anticipated Your Answer Excess of demand . Correct AnswerTrue Your Answer True . Income elasticity of demand .Your Answer production Match The Following Question Correct Answer Your Answer Public Sector Life Insurance Corporation Life Insurance Corporation Competitive Industry Homogenous Product Homogenous Product Monopoly Firm One Firm One Firm Plant Technical Unit Technical Unit True/False Question The distinction between fixed costs and variable costs is relevant in the short period only. Cross elasticity of demand Your Answer Price elasticity of demand . Peak . Cannot be anticipated True/False Question Demand is related to price. Peak . Income elasticity of demand . Correct AnswerTrue Your Answer True True/False Question Under perfect competition. Correct AnswerTrue Your Answer True Select The Blank Question The persons who own the________hip concern are called Partners. Sustained rise in prices . a large part of a country’s resources lie involuntarily idle. Sustained rise in prices . time and place. Recession . Correct AnswerPartners Your Answer Partners Multiple Choice Single Answer Question The act of using goods and services to satisfy wants is called Correct Answerconsu mption Your Answer consumption True/False Question During the period of depression. Recession Your Answer Expansion . price is determined by the interaction of total demand and total supply in the market.

Correct Answerprofit Your Answer profit 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 Answerinsufficient Your Answer insufficient Select The Blank Question An upward sloping demand curve is called________ Correct Answerexceptional demand curve Your Answer contractionary demand curve True/False Question The demand for life saving drugs is elastic. which are known as. Correct AnswerFalse Your Answer True Select The Blank Question Perfectly elastic demand curve is________ Correct Answerhorizontal Your Answer horizontal Multiple Choice Single Answer Question The private sector is owned by Correct Answerprivate individuals Your Answer private individuals . "externalities" Correct Answerfir m's Your Answer government Select The Blank Question The financing of________ goods is done through public expenditure.Select The Blank Question The social costs and benefits are the external economies and diseconomies resulting from the________ activities. producers are guided by________ motive. Correct Answerpublic Your Answer public Multiple Choice Single Answer Question Dalal Street in Bombay is known as Correct AnswerBombay Stock Exchange Your Answer Bombay Stock Exchange Multiple Choice Single Answer Question Joint Stock Company is an incorporated association with a Correct Answerperpetual succession Your Answer perpetual succession True/False Managerial Economics Question A firm is a technical unit of a given capacity of output. Correct AnswerFalse Your Answer True Select The Blank Question In a market system of an economy. Correct AnswerFalse Your Answer False Multiple Choice Single Answer Question Market system of economy is characterized by consumers Correct Answersovereign ty Your Answer demand True/False Question Bargaining is one of the remedies of corrective action.

where individuals working in groups can perform efficiently and effectively towards the attainment of gr Correct AnswerKoontz & O ‘Donell Your Answer Koontz & O ‘Donell Multiple Choice Single Answer Question Who said. predictive power True/False Question Service sector in India dominates half of our national income. cause and effect relationship . “Management is a multiple organ that manages a business.Managerial Economics Question Paper – 2 LIST OF ATTEMPTED QUESTIONS AND ANSWERS Multiple Choice Single Answer Question Who said. “Management is management of Men. a task. predictive power Your Answer organized knowledge . Correct AnswerTrue Your Answer True Multiple Choice Single Answer Question The forms of companies in the service sector in our new economy are essentially . a discipline. cause and effect relationship . Correct Answerman agement Your Answer decision Managerial Economics Multiple Choice Multiple Answer Question Name the various characteristics of science Correct Answerorganized knowledge . Machinery Materials and Information?” Correct AnswerAnon ymous Your Answer Anonymous Multiple Choice Single Answer Question Who said. Money. “Management is the creation and maintenance of internal environment in an enterprise. manages a manager and manages workers and work”? Correct AnswerPeter Drucker Your Answer Peter Drucker Multiple Choice Single Answer Question One of the internal environment factors that influences management is Correct AnswerPlace Your Answer Place Multiple Choice Single Answer Question One of the external environment factors that influences Management is Correct AnswerLegal Your Answer Legal Multiple Choice Single Answer Question Management is Correct AnswerCrea tive Your Answer Creative Multiple Choice Single Answer Question Management is the combination of Arts. Science and Correct AnswerProfession Your Answer Profession Select The Blank Question The word________denotes a function. Correct AnswerTrue Your Answer False True/False Question Important ingredients of the service industry are labour and knowledge.

tasks. objectives Your Answer products . Motion study . competitors . tasks. Correct AnswerFrontiers of Management . Correct AnswerTrue Your Answer True Multiple Choice Multiple Answer Question Under mechanism of scientific management. Correct AnswerTrue Your Answer True Multiple Choice Multiple Answer Question An SBU is an independent business with a coherent set of Correct Answerproducts . Frontiers of Management . selfishness . Postal ballot system shareholders audit Managerial Economics Markets notice well managed companies shareholders Continuous communication motivates people motivates people True/False Question Insider trading issue is an important aspect of corporate governance. competitors . Method study Multiple Choice Multiple Answer Question Name the books on management written by Peter Drucker. Coping with the change Multiple Choice Single Answer Question What is sold when an insurance policy is sold? Correct AnswerPro mise Your Answer Promise Match The Following Question Correct Answer Your Answer Self-regulation enabler audit self-regulated co. Coping with the change Your Answer The cultural aspect . scientific task setting includes : Correct AnswerTime study . Management. Method study Your Answer Time study .Correct AnswerInformation communicating and entertainment co's (ICE's) Your Answer Information communicating and entertainment co's (ICE's) Multiple Choice Single Answer Question What percentage does the organized sector within the retailing sector represent? Correct Answerjust 2% Your Answer just 2% Multiple Choice Multiple Answer Question What are the common challenges faced by the retail business? Correct AnswerSpecial mindset to develop special strategies . Correct AnswerTrue Your Answer True Multiple Choice Multiple Answer Question Unethical acts are results of the following factors: Correct Answerunawareness and insensitivity to issues . faulty reasoning Your Answer unawareness and insensitivity to issues . The practice of management . Management. Harmony study . responsibility Multiple Choice Single Answer Question Who is the 'founder of Human Relation'? Correct AnswerElton Mayo . The practice of management . faulty reasoning True/False Question Learning from mistakes is often more powerful than learning from success. Special mindset to develop special strategies . objectives True/False Question Emotional distress shrinks working memory. selfishness . responsibility Your Answer Drucker on Asia .

Fear of loosing status by managers . Fear of loosing status by managers . co-ordinating Multiple Choice Multiple Answer Question Barriers to delegation of authority would be : Correct AnswerLack of trust in subordinates .Your Answer Elton Mayo Multiple Choice Single Answer Managerial Economics Question Name the specialization where the economists consider necessary for efficiency in the use of labour. Hero Cycles Your Answer Hero Honda . Overconfidence among managers Select The Blank . Staffing process . Hero Cycles Select The Blank Question If you don't know what you want to achieve. Correct Answerforecasting Your Answer controlling Multiple Choice Multiple Answer Question Name the following topics that gives an idea about the concept of organizing. Correct AnswerConsultan t Managerial Economics Your Answer Consultant Select The Blank Question Business________ is the calculation of probable events to provide against future. Correct AnswerDivision of work Your Answer Division of work Match The Following Question Correct Answer Your Answer Henry Fayol Referred to as 'The father of modern management theory' Referred to as 'The father of modern management theory' Federick W. Planning. Correct AnswerDecentralization . Span of management Your Answer Staffing process . Span of management .Edward Deming Introduced quality control in Japan Introduced quality control in Japan Multiple Choice Single Answer Question The person who does not limit the interactions and decisions just to logical approach.Taylor Referred to as 'The father of scientific management' Referred to as 'The father of scientific management' Vilfredo Pareto Referred to as 'The father of the social systems approach' to organization and management Referred to as 'The father of the social systems approach' to organization and management W. Over-confidence among managers Your Answer Lack of trust in subordinates . but continuously encourages his team members to think non-logically is Correct AnswerLeader Your Answer Leader True/False Question Gita has nothing to do with leadership in management Correct AnswerFalse Your Answer False Multiple Choice Single Answer Question What is lacking in Indian business companies management ? Correct AnswerProfessionalis m Your Answer Globalisation Multiple Choice Multiple Answer Question Name the flagship companies under the Business family "Munjals" Correct AnswerHero Honda . don't call in the________.

Correct AnswerType of work Your Answer Type of work True/False Question Delegation and decentralization are closely related to each other. External . . Financial True/False Question Morale is the sum total of various physical qualities. Financial Your Answer Positive . non-financial motivators are encouragement. freedom________.Question Latest approach signifies organization has a part of________ system. External .discipline Your Answer Self-controlling Multiple Choice Multiple Answer Question The different types of motivators would be Correct AnswerPositive . Correct AnswerSocial Your Answer Social Multiple Choice Single Answer Question What should be kept open for effective delegation? Correct AnswerCo mmunication Your Answer Communication Multiple Choice Single Answer Question What is the set-up of an organization? Correct AnswerRelationships Your Answer Relationships Multiple Choice Single Answer Question Name one of the factors that govern the span of management. Correct AnswerTrue Your Answer True Select The Blank Question________ behaviour is obtained when there is a one-way transmission of orders from superior to subordinates. Correct Answerrecogn ition Your Answer recognition Select The Blank Question Physical needs are at the base of the hierarchy theory of motivation while self actualisation needs are at the________. Correct Answermeasur ement Your Answer measurement Multiple Choice Single Answer Question What is possible to enforce among workers when morale is high and when they are given participating opportunities Correct AnswerSelf. Correct AnswerFalse Your Answer False Select The Blank Question Under the types of motivators. Correct AnswerLinear Your Answer Dominating Select The Blank Question Managerial function of control is the________ and correction of performance of various activities. Correct AnswerTrue Your Answer True True/False Managerial Economics Question Decentralization would be preferred in large sized units.

Correct Answerapex Your Answer apex Managerial Economics Question Paper – 3 LIST OF ATTEMPTED QUESTIONS AND ANSWERS .

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Law of Constant Returns to Scale . Factors of production and final production . Law of Decreasing Returns to scale Multiple Choice Single Answer Question The externalities which cannot be priced in the market with reference to the demand and supply behavior are termed as Correct Answer non . Technology used in production . Law of Constant Returns to Scale . Demand for production Multiple Choice Multiple Answer Question Forms of Public Enterprises Correct Answer departmental management . Correct Answer downward Your Answer downward Multiple Choice Single Answer Question The term Managerial economics also refers to Correct Answer applied economics Your Answer applied economics Multiple Choice Multiple Answer Question The Laws of Returns to scale are Correct Answer Law of Increasing Returns to Scale . the marginal output curve slopes__ ______.market external effects Your Answer non . Technology used in production Your Answer Input and out put relation . Law of Decreasing Returns to scale Your Answer Law of Increasing Returns to Scale . company management or Managerial Economics Question Paper – 4 LIST OF ATTEMPTED QUESTIONS AND ANSWERS .Managerial Economics Your Answer True Select The Blank Question Under the decreasing returns to scale.market external effects Multiple Choice Single Answer Question The government of India follows administered price policy in respect of commodities which are vital and produced in the Correct Answer Public sector Your Answer Public sector Multiple Choice Multiple Answer Question The production function studies Correct Answer Input and out put relation .

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Duopoly . Tata Eng & Locomotive Company Ltd is a rect Answer It is possible in the case of monopoly market . Oligopoly Select The Blank Question The index numbers which measure the changes in the general price level of a country refers to________ Correct Answer Wholesale prices index Your Answer Wholesale prices index Multiple Choice Single Answer Question During a period of rising prices (inflation). Oligopoly Your Answer Monopoly . Duopoly .Managerial Economics Your Answer substitutes goods Multiple Choice Multiple Answer Question Types of imperfect competition are Correct Answer Monopoly . the goods and services are Correct Answer scarce Your Answer scarce Multiple Choice Multiple Answer Question Features of Dumping are international market . Selling same good at higher price in home market and lower at price in Managerial Economics Question Paper – 5 LIST OF ATTEMPTED QUESTIONS AND ANSWERS . It is encouraged with a view to promote the exports True/False Question Pure inflation starts only after reaching the full employment level. It is encouraged with a view to promote the exports Your Answer Selling same good at higher price in home market and lower at price in international market . Correct Answer True Your Answer False Multiple Choice Single Answer Question The assumption of perfect competition in all the analytical theories is made by Correct Answer Classical economists Your Answer Classical economists Multiple Choice Single Answer Question For an economist.

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