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Which economics refers to the application of principles of economics in decision making in the business? Managerial economics 3
Which economics has to study the performance of Individual units in the economy at present and in future? Micro economics 1
According to whom, The law means “more a person has anything the less he wants to have more of it."? Prof.Marshall 1
Which goods are generally desired by the people and these are durable goods such as radio, TV, telephones? Outdated goods 2
Which is the total of supply of a commodity which the seller is prepared to sell if price is up to his expectation? Stock
2
Under which pricing strategy the price is fixed on the higher side and demand increases? Pricing skimming 4
Which cost is based on only variable cost? Marginal costs 2
Which is the condition where there is only one producer and has no competitor? Monopoly 3
Who developed the model of monopolistic competition? E H Chamberlain 1
Which profit arises due to changes in the general price level in the market? Windfall profit 2
In which method the item which has come last is used first in production? LIFO 3
Which rate is the rate at which RBI borrows money from the commercial banks? Reverse repo rate 1
Under which operation the Central Bank would like to influence the economy by increasing or decreasing the Open market
money supply? 3
Which simply means the whole course of trade or business activities which passes through all the phases of Trade cycle
prosperity and adversity? 2
Who defined inflation as too much currency in relation to physical volume to business being done? Prof. Kemmerer 4
Which analysis is used to give a ranking to every project before it is undertaken for execution? Cost benefit analysis 3
Which prices are often impose to maintain certain goods affordable to the people to prevent price going up Administered prices
during the priod of shortages? 1
Which deals with optimum utilization of scarce resources to achieve the objectives and to maximize profit of the Economics
firm? 2
Which economics focusses in identifying the problems and solving the problems by taking proper decisions? Managerial economics 1
period will be larger than simple payback period. Discounted payback 1
is necessary in order to fund new resources especially in oil and gas exploration. Exploration project 3
is also known as factor share method. Income method 2
= Personal income – Personal direct tax. D.I 2
is the controlled distribution of scarce resources of goods and services. Rationing 3
may be either by a subsidy or by a price control. Support price 4