Search Assignments and Papers Here...


Custom Search

Friday, July 23, 2010

Managerial Economics - 30

 

LIST OF ATTEMPTED QUESTIONS AND ANSWERS

 

 

 

 Multiple Choice Single Answer

  Question  

In case of a pure public good, its marginal cost is

  Correct Answer  

zero

  Your Answer  

high

 

 True/False

  Question  

During the period of depression, a large part of a country’s resources lie involuntarily idle.

  Correct Answer  

True

  Your Answer  

True

 

 Select The Blank

  Question  

Goods which are paradoxical to the law of demand are ________

  Correct Answer  

Giffen goods, ,

  Your Answer  

Giffen goods, ,

 

 True/False

  Question  

In contrast to the normative concept of justice, efficiency and inefficiency are positive concepts.

  Correct Answer  

True

  Your Answer  

False

 

 True/False

  Question  

Pure private goods are completely divisible and to them the principle of exclusion applies in full measure.

  Correct Answer  

True

  Your Answer  

False

 

 True/False

  Question  

Macro-economies is a policy oriented science.

  Correct Answer  

True

  Your Answer  

True

 

 Select The Blank

  Question  

On the ________ level, the summation of maximum individual welfare does not automatically lead to maximum social welfare.

  Correct Answer  

macro

  Your Answer  

macro

 

 Multiple Choice Multiple Answer

  Question  

Equilibrium is the stage of

  Correct Answer  

maximum satisfaction , balance , stationary

  Your Answer  

maximum satisfaction , balance , stationary

 

 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.

  Correct Answer  

management

  Your Answer  

management

 

 Multiple Choice Multiple Answer

  Question  

The subject matter of Micro economics includes the study of

  Correct Answer  

an individual consumer , particular market for a given commodity , operation of a firm

  Your Answer  

an individual consumer , particular market for a given commodity , operation of a firm

 

 Multiple Choice Single Answer

  Question  

Economic problem does not recognize the boundaries of caste,creed,culture Thus economic problem is always considered as the

  Correct Answer  

universal problem

  Your Answer  

universal problem

 

 Select The Blank

  Question  

Demand for safety pins is ________

  Correct Answer  

inelastic

  Your Answer  

perfectly elastic

 

 Multiple Choice Single Answer

  Question  

Supply curve shifts to the right side of the original supply curve when, the supply

  Correct Answer  

increases

  Your Answer  

increases

 

 Multiple Choice Multiple Answer

  Question  

The consumer protection Act includes

  Correct Answer  

Protection from hazardous commodities , Right to a competitive price , Right to information regarding protection

  Your Answer  

Protection from hazardous commodities , Right to a competitive price , Right to information regarding protection

 

 Match The Following

Question

Correct Answer

Your Answer

Resource allocation

optimum combination of inputs

Land

Natural Resources

Land

Scarcity

Economic problem

Scarcity

Micro Economics

Managerial Economics

inventory management

inventory management

Elasticity of demand

Micro Economics

optimum combination of inputs

 

 Select The Blank

  Question  

In a market system of an economy, producers are guided by ________ motive.

  Correct Answer  

profit

  Your Answer  

price

 

 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

 

 Select The Blank

  Question  

The chemical effluents recklessly released by a chemical factory in the river causing water pollution, is an example of ________ cost.

  Correct Answer  

social

  Your Answer  

environmental

 

 Multiple Choice Multiple Answer

  Question  

Investment is significant because

  Correct Answer  

Addition to the real capital assets , It leads to increase in level of income , Increases accumulated wealth of the society

  Your Answer  

Addition to the real capital assets , It leads to increase in level of income

 

 True/False

  Question  

Price discrimination is possible in perfect competition

  Correct Answer  

False

  Your Answer  

False

 

 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 formulation of an investment project, ________ feasibility means the availability of land, plant, machinery, raw materials and technical know how etc.

  Correct Answer  

technical

  Your Answer  

technical

 

 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

 

 True/False

  Question  

When price of a commodity falls, the supply of that commodity increases.

  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  

If supply of goods and services can be increased to correspond with every increase in demand, price level will tend to

  Correct Answer  

be stable

  Your Answer  

rise

 

 Multiple Choice Single Answer

  Question  

Complementary goods are demanded

  Correct Answer  

jointly

  Your Answer  

jointly

 

 Match The Following

Question

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 Multiple Answer

  Question  

Quantitative credit control measures are

  Correct Answer  

open market operations , changes in bank rates , changes in statutory reserve ratio

  Your Answer  

open market operations , changes in bank rates , changes in statutory reserve ratio

 

 True/False

  Question  

Inflation is characterized by excess of demand.

  Correct Answer  

True

  Your Answer  

True

 

 Select The Blank

  Question  

The good becomes ________ so far as its use is concerned only when it is priced in the market and the principle of exclusion is applied to it.

  Correct Answer  

divisible

  Your Answer  

profitable

 

 True/False

  Question  

Institution of private property is not an essential feature of Capitalism.

  Correct Answer  

False

  Your Answer  

False

 

 Multiple Choice Single Answer

  Question  

Firm is an

  Correct Answer  

economic unit

  Your Answer  

economic unit

 

 Multiple Choice Single Answer

  Question  

The city of Ahmedabad has specialized in the manufacture of

  Correct Answer  

textiles

  Your Answer  

textiles

 

 Multiple Choice Single Answer

  Question  

When more units of a commodity are purchased in response to decline in price of that commodity, it is called as expansion of

  Correct Answer  

demand

  Your Answer  

demand

 

 Multiple Choice Multiple Answer

  Question  

Different types of Elasticity of Demand are

  Correct Answer  

Price elasticity of demand , Income elasticity of demand , Cross elasticity of demand

  Your Answer  

Perfectly elastic demand

 

 Multiple Choice Single Answer

  Question  

According to Prof. F.H. Knight, profit is a reward for

  Correct Answer  

uncertainty bearing

  Your Answer  

uncertainty bearing

 

 Multiple Choice Multiple Answer

  Question  

The disinvestments of industries is needed for

  Correct Answer  

Phased privatization , Reducing deficit , Capital support to plans

  Your Answer  

Phased privatization , Reducing deficit , Capital support to plans

 

 Multiple Choice Multiple Answer

  Question  

Types of Share capital of Joint-Stock Company are

  Correct Answer  

registered or authorized capital , issued capital , paid-up capital

  Your Answer  

registered or authorized capital , issued capital , paid-up capital

 

 Select The Blank

  Question  

The form of organization which is best for self employment is ________.

  Correct Answer  

Sole trader

  Your Answer  

Sole trader

 

 Multiple Choice Single Answer

  Question  

Managerial economics refers to the integration of economic theory with business

  Correct Answer  

practices

  Your Answer  

practices

 

 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

 

 True/False

  Question  

The most significant feature of perfect competition is the existence of an automatic price mechanism.

  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

 

 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  

Under the liberalization policy, Government added another list of nine industries for which automatic approval upto 74 % would be allowed

  Correct Answer  

True

  Your Answer  

True

 

 

 

2 Comments:

gayatri said...

nice. well organized questions.

RamakrishnaTadiparthi said...

Good Useful subject

An Appeal to SCDL students

Dear SCDL Student,

We at http://scdlpapers.blogspot.com tries to collect and spread the knowledge in terms of the solved papers and assignments which we are getting through SCDL Alumni.
Now we request you to help other students through mutual sharing. Please send your assignment questions/papers to "mindgrill@gmail.com" . We will publish them on this blog along with your name.
Your help can be boon for many students to clear their exams.

Best of Luck and waiting for your contributions.

Team @ MindGrill
 

Interview Preparation | Placement Papers