Review Economics & Management Test Submission

4/4/2021 Review Test Submission: MBCE701D-Economics & Management ...
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Review Test Submission: MBCE701D-Economics & Management Decisions-Jan 21-Assignment2
Review Test Submission: MBCE701D-Economics &

Management Decisions-Jan 21-Assignment2
User LAVI SINGH

Course Sem1.Economics & Management Decisions
Test MBCE701D-Economics & Management Decisions-Jan 21-Assignment2
Started 02/04/21 10:38
Submitted 04/04/21 13:39
Due Date 15/05/21 23:59
Status Completed
Attempt Mark not available.
Score
Time 51 hours, 0 minute
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Instructions Center for Continuing Education - UPES
MBCE701D-Economics & Management Decisions
Assignment 2
Total Questions: 56
Total Marks: 100
Assignment Information :
The examination will consist of only Objective type (multiple choice) questions requiring
candidates to Mouse-click their correct choice of alternatives against the related question
number. The questions would carry 1 to 5 marks each depending on the difficulty level of the
question as indicated in the table below:
Difficulty Level of Questions:
1 Mark - Direct, Memory based

2 Marks - Memory & Conceptual
3 Marks - Conceptual & Analytical
4 Marks - Analytical based on understanding of concepts
5 Marks - Application based on understanding of concepts
The question paper will be for 100 marks and considering marks allotted to each
question, the total number of questions would be around 63.
There will not be negative marking for wrong answers.
In case candidate does not want to attempt the question he I she should not mouse-
click any option.
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The students are allowed to save the responses and come back later to resume,
complete and "Save and Submit" the assignment. However, if the Due Date has
expired, then the assignment will not be accessible and will be marked as zero. In
such cases, the student can re-attempt the assignment allocated after enrolling in the
subsequent Semester.
Once submitted, that answer sheet cannot be retreieved for any editing. The student
has to initiate a new attempt (if allowed), if he has submitted the assignment by
mistake.
The students are normally allowed 3 chances to attempt and submit the assignment.
The number of attempts availed is displayed under the "Test Information".
The Highest Grade of the 3 attempts shall be considered for grading.
The assignments are auto evaluated, and hence no chance of re-evaluation/re-
totalling is allowed to the student.
Results Incorrectly Answered Questions

Displayed
Question 1 1 out of 1 points
The price elasticity of demand depends upon
Two goods have to be consumed simultaneously are
When AR is falling, MR will be
The tax on net income of companies is
Coins are created in a mint
If your marginal utility from your last session with your dance instructor is equal to the price she
charged you, then
Question 7
1 out of 1 points
"Human Welfare is the subject of Economics.” This statement is associated with the name of which
of the economists ?
The reserves held by Commercial Banks over and above the statutory minimum, with the RBI are
called
Which of the following is NOT a reason for increasing prices
Full cost pricing method is also known as
In case of inferior commodity, the income elasticity of demand is
When RBI announced on increase in Cash Reserve Ratio(CRR) and what does it mean?
In which year was the Imperial Bank of India rechristened as State Bank of India?
An accuracy measure that may be used to indicate any positive or negative bias in the forecast is
In monopolistic competition, each firm has a demand curve with

Name the note issuing authority in India.
A characteristic of monopolistic competition is that each firm
When the Law of diminishing returns begin to operate the TVC curve begins to
Bandwagon effect is found in
A firm is a price taker under which market structure
How can the RBI increase the money supply in the market?
Cost and price is the same thing.
A cause of inflation is
The price of a product always equals its value.
Who said - "Economics is what economists do" ?
An explicit cost is
The prices statutorily determined by the Government for certain important goods like steel, cement,
etc is called
Under which method of depreciation the amount of depreciation expenses remains constant
throughout the useful life of a fixed asset
Derived demand means
Demand Schedule is shown as
Inflation benefits
Open Market Operations mean
Why should management estimate costs?
Fixed costs remain constant
Which time period has an elastic supply?
Wages, interest, rent, and profits are the four factors of production
If price elasticity of demand for a firm's output becomes more elastic, then the firm's marginal
revenue will increase.
GNP exceeds NNP by
There is inverse relationship between Price and Demand
Car and Petrol have negative cross elasticity of demand.
Negative MU denotes more satisfaction.
Imputed costs is the cost of self owned resources such as the salary of the proprietor
Desire means demand.
A change in the price of a commodity will cause the demand curve for that commodity to shift.
Which curve denotes the various possibilities of production with the given state of technology?
TFC is a horizontal straight line
Agricultural farmers are the hardest hit during inflation
The quantity of a commodity demanded is influenced by the number of consumers in the market.
The cause of increasing returns in the law of variable proportions is specialization of labour.
Demand is elastic for
"If the variations are indefinite and their consequence is also indefinite, then risk cannot be
measured before hand"
Inflation is experienced during boom in the country
The price elasticity is 0.5. The % change in quantity is 4. What is % change in price?
Mr. A has to choose between a corporate job and another job reasonably lower in salary close to his
native place. Selection of the low salaried job is the opportunity cost, the next best alternative
If the price of a commodity increases from Rs.10,000/- per unit to Rs.15,000/- per unit and if the
quantity supplied does not change then elasticity is
At price of Rs. 4 per unit a consumer buys 50 units of a good. The price elasticity of demand is -2.
How many units will the consumer buy at Rs. 3 per unit?
Sunday, 4 April 2021 13:39:40 o'clock IST
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4/4/2021 Review Test Submission: MBCE701D-Economics & Management ...

Review Test Submission: MBCE701D-Economics &

User LAVI SINGH

Difficulty Level of Questions:

1 Mark - Direct, Memory based

Results Incorrectly Answered Questions

Question 1 1 out of 1 points

The price elasticity of demand depends upon

Question 2 1 out of 1 points

Two goods have to be consumed simultaneously are

Question 3 1 out of 1 points

When AR is falling, MR will be

Question 4 1 out of 1 points

The tax on net income of companies is

Question 5 1 out of 1 points

Coins are created in a mint

Question 6 1 out of 1 points

Question 8 1 out of 1 points

Question 9 0 out of 1 points

Which of the following is NOT a reason for increasing prices

Question 10 0 out of 1 points

Full cost pricing method is also known as

Question 11 1 out of 1 points

In case of inferior commodity, the income elasticity of demand is

Question 12 0 out of 1 points

Question 13 1 out of 1 points

Question 14 1 out of 1 points

Question 15 1 out of 1 points

In monopolistic competition, each firm has a demand curve with

Question 16 1 out of 1 points

Name the note issuing authority in India.

Question 17 1 out of 1 points

A characteristic of monopolistic competition is that each firm

Question 18 1 out of 1 points

Question 19 1 out of 1 points

Bandwagon effect is found in

Question 20 0 out of 1 points

A firm is a price taker under which market structure

Question 21 1 out of 1 points

Question 22 1 out of 1 points

Cost and price is the same thing.

Question 23 1 out of 1 points

Question 24 0 out of 1 points

The price of a product always equals its value.

Question 25 1 out of 1 points

Who said - "Economics is what economists do" ?

Question 26 0 out of 1 points

Question 27 0 out of 1 points

Question 28 1 out of 1 points

Question 29 1 out of 1 points

Derived demand means

Question 30 1 out of 1 points

Demand Schedule is shown as

Question 31 1 out of 1 points

Question 32 1 out of 1 points

Open Market Operations mean

Question 33 2 out of 2 points

Why should management estimate costs?

Question 34 2 out of 2 points

Fixed costs remain constant

Question 35 2 out of 2 points

Which time period has an elastic supply?