LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Correct Answer False

Your Answer False

Multiple Choice Single Answer

Question In general, the demand for necessaries is relatively :-

Correct Answer Inelastic

Your Answer Elastic

Multiple Choice Multiple Answer

Question Managerial economics deals with :-

Correct Answer Integration of economic theory with business practice , Using logic of
economics, mathematics & statistics , The use of economic modes of
thought to analyze business solution
Your Answer Integration of economic theory with business practice , Using logic of
economics, mathematics & statistics , The use of economic modes of
thought to analyze business solution

True/False
Question During inflation, the pensioners whose income is permanently fixed, are
substantially benefited.
Correct Answer False

Your Answer False

Select The Blank

Question Modern economists treat social cost and benefits as ________ of private
investment and production decisions.
Correct Answer Externalities

Your Answer Internalities

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 principle of full employment equilibrium was stated by :-

Correct Answer Say's Law of Market

Your Answer Say's Law of Market

True/False