Economics
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- Pages: 8
. Excess capacity
1. Perfect competition
2. Public enterprises may incur some social costs
2. Yet they may constitute a market over telephone or through internet
3. The buyers and sellers may be away from each other and
3. Cost of transportation does not exist
4. Under perfect competition, it is assumed that the
4. Cost of transportation does exist 5. Monopolistic competition
The law of supply is not hypothetical.
True False
17.
The externality which causes an economic gain or an economic loss to other economic units is also referred to as externality.
21.
The use of a good by one more member of the society does not reduce its availability to others. This applies in case of :-
a)
Private good Pure public good Impure public good Pure private good
b ) c) d )
27.
Factors leading to differences in the economic & the traditional concepts of valuation are :-
a)
Inventory Valuation Depreciation Unaccounted value changes in the assets & liabilities Costs
b ) c) d ) 37.
One of the serious limitations of market mechanism is that it results in distribution
of income and wealth which is :-
a) b )
Equal Unequal Absolutely equal Optimum
c) d )
45.
1. No monopolist however powerful, is
1. The monopolist to charge same prices.
2. Ignorance of consumers, enables
2. From the seller's side
3. Public utilities such as railway or cooking gas supply companies
3. From buyer’s side.
4. Monopsony is the monopoly
4. The monopolist to charge different prices. 5. Are allowed under the law to make price discrimination. 6. In a position to decide both the price and the quantity.
53.
Substantial reduction in the cost of production of a firm because of the use of improved and up-to-date machinery is an example of economy known as :-
a)
Commercial Managerial Financial Technical
b ) c) d )
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Your Answer
Addition to the real capital assets , It leads to increase in level of income , It increases supply immediately
Multiple Choice Single Answer Question The city of Coimbatore has developed a big market for :Correct Answer Spinning Your Answer
Spinning
Multiple Choice Multiple Answer Question Features of public sector enterprises are as follows :Correct Answer It is controlled by the state , Separate funds to undertake their activity , They are accountable to public Your Answer It is controlled by the state , Separate funds to undertake their activity , They are accountable to public Multiple Choice Multiple Answer Question Features of market period are :Correct Answer Related to few hours or few days , Related to perishable goods , The entire supply is to be disposed off on the same day Your Answer Related to few hours or few days , Related to perishable goods , The entire supply is to be disposed off on the same day Match The Following Question
Correct Answer
Your Answer
Human wants
unlimited
unlimited
General Theory of J. M. Keynes Employment, Interest and Money Managerial economics Decision making and forward planning Resources scarce
J. M. Keynes
Commodities
goods and services
goods and services
Decision making and forward planning scarce
Multiple Choice Multiple Answer Question The methods of calculating depreciation are :Correct Answer Diminishing Balance Method , Annuity Method , Service Unit Method Your Answer Diminishing Balance Method , Annuity Method , Service Unit Method True/False Question
Griffin goods are superior goods.
Correct Answer False
4.
In case of indivisible goods, which are not priced, the decisions regarding their demand preferences are taken through price mechanism.
True False
.
During Nineties & Eighties, the CRR was raised from 6% to statutory maximum of .
8.
1. Perfect competition
1. Automatic price mechanism
2. Equilibrium price
2. Administered price mechanism
3. Market period
3. Demand and supply
4. Long run
4. Large number of producers 5. Non perishable goods 6. Perishable goods
12.
Market economy or private enterprise economy is an economy which is :-
a)
Centrally directed Planned Planless Socialist
b ) c) d )
15.
1. Negative externalities
1. Social costs
2. Pure public goods
2. Principle of exclusion and benefit of good to all without sharing cost
3. Free riders
3. Social goal
4. Market economy
4. Freely fluctuating price mechanism 5. Employment generation 6. Indivisible goods
18.
Under Perfect competition, when an individual buyer increases or reduces his demand, the total market demand :-
a)
Increases Decreases Is not at all affected Is postponed
b ) c) d )
31.
In perfect competition various factors of production are assumed to be .
41.
Every seller and a buyer under pure competition :-
a)
Is Price taker Is Price maker Is Price organizer Does not take part in determination of price
b ) c) d )
44.
The direct form in which the Government intervenes with private business is .
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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 Single Answer Question Under perfect competition, if demand increases, supply being constant, the price would Correct Answer rise Your Answer
rise
Multiple Choice Multiple Answer Question Different types of business organizations are :Correct Answer Private sector , Public sector , Joint sector Your Answer
Private sector , Public sector , Joint sector
Multiple Choice Multiple Answer Question In case of defense services, all the sections of the society are equally protected and benefited. The defense services in other words is :Correct Answer Indivisible in character , Cannot be priced in the market , A public good Your Answer Indivisible in character , Cannot be priced in the market , A public good True/False Question
Macro economic studies are based on empirical evidence.
Correct Answer True Your Answer
True
Select The Blank Question Output rises in a lesser proportion to that of the increase in input, under the case of ________. Correct Answer Decreasing returns to scale Your Answer
Decreasing returns to scale
Match The Following Question
Correct Answer
Your Answer
1. Perfect competition
2. Public enterprises may incur some social costs
2. Yet they may constitute a market over telephone or through internet
3. The buyers and sellers may be away from each other and
3. Cost of transportation does not exist
4. Under perfect competition, it is assumed that the
4. Cost of transportation does exist 5. Monopolistic competition
The law of supply is not hypothetical.
True False
17.
The externality which causes an economic gain or an economic loss to other economic units is also referred to as externality.
21.
The use of a good by one more member of the society does not reduce its availability to others. This applies in case of :-
a)
Private good Pure public good Impure public good Pure private good
b ) c) d )
27.
Factors leading to differences in the economic & the traditional concepts of valuation are :-
a)
Inventory Valuation Depreciation Unaccounted value changes in the assets & liabilities Costs
b ) c) d ) 37.
One of the serious limitations of market mechanism is that it results in distribution
of income and wealth which is :-
a) b )
Equal Unequal Absolutely equal Optimum
c) d )
45.
1. No monopolist however powerful, is
1. The monopolist to charge same prices.
2. Ignorance of consumers, enables
2. From the seller's side
3. Public utilities such as railway or cooking gas supply companies
3. From buyer’s side.
4. Monopsony is the monopoly
4. The monopolist to charge different prices. 5. Are allowed under the law to make price discrimination. 6. In a position to decide both the price and the quantity.
53.
Substantial reduction in the cost of production of a firm because of the use of improved and up-to-date machinery is an example of economy known as :-
a)
Commercial Managerial Financial Technical
b ) c) d )
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Your Answer
Addition to the real capital assets , It leads to increase in level of income , It increases supply immediately
Multiple Choice Single Answer Question The city of Coimbatore has developed a big market for :Correct Answer Spinning Your Answer
Spinning
Multiple Choice Multiple Answer Question Features of public sector enterprises are as follows :Correct Answer It is controlled by the state , Separate funds to undertake their activity , They are accountable to public Your Answer It is controlled by the state , Separate funds to undertake their activity , They are accountable to public Multiple Choice Multiple Answer Question Features of market period are :Correct Answer Related to few hours or few days , Related to perishable goods , The entire supply is to be disposed off on the same day Your Answer Related to few hours or few days , Related to perishable goods , The entire supply is to be disposed off on the same day Match The Following Question
Correct Answer
Your Answer
Human wants
unlimited
unlimited
General Theory of J. M. Keynes Employment, Interest and Money Managerial economics Decision making and forward planning Resources scarce
J. M. Keynes
Commodities
goods and services
goods and services
Decision making and forward planning scarce
Multiple Choice Multiple Answer Question The methods of calculating depreciation are :Correct Answer Diminishing Balance Method , Annuity Method , Service Unit Method Your Answer Diminishing Balance Method , Annuity Method , Service Unit Method True/False Question
Griffin goods are superior goods.
Correct Answer False
4.
In case of indivisible goods, which are not priced, the decisions regarding their demand preferences are taken through price mechanism.
True False
.
During Nineties & Eighties, the CRR was raised from 6% to statutory maximum of .
8.
1. Perfect competition
1. Automatic price mechanism
2. Equilibrium price
2. Administered price mechanism
3. Market period
3. Demand and supply
4. Long run
4. Large number of producers 5. Non perishable goods 6. Perishable goods
12.
Market economy or private enterprise economy is an economy which is :-
a)
Centrally directed Planned Planless Socialist
b ) c) d )
15.
1. Negative externalities
1. Social costs
2. Pure public goods
2. Principle of exclusion and benefit of good to all without sharing cost
3. Free riders
3. Social goal
4. Market economy
4. Freely fluctuating price mechanism 5. Employment generation 6. Indivisible goods
18.
Under Perfect competition, when an individual buyer increases or reduces his demand, the total market demand :-
a)
Increases Decreases Is not at all affected Is postponed
b ) c) d )
31.
In perfect competition various factors of production are assumed to be .
41.
Every seller and a buyer under pure competition :-
a)
Is Price taker Is Price maker Is Price organizer Does not take part in determination of price
b ) c) d )
44.
The direct form in which the Government intervenes with private business is .
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
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 Single Answer Question Under perfect competition, if demand increases, supply being constant, the price would Correct Answer rise Your Answer
rise
Multiple Choice Multiple Answer Question Different types of business organizations are :Correct Answer Private sector , Public sector , Joint sector Your Answer
Private sector , Public sector , Joint sector
Multiple Choice Multiple Answer Question In case of defense services, all the sections of the society are equally protected and benefited. The defense services in other words is :Correct Answer Indivisible in character , Cannot be priced in the market , A public good Your Answer Indivisible in character , Cannot be priced in the market , A public good True/False Question
Macro economic studies are based on empirical evidence.
Correct Answer True Your Answer
True
Select The Blank Question Output rises in a lesser proportion to that of the increase in input, under the case of ________. Correct Answer Decreasing returns to scale Your Answer
Decreasing returns to scale
Match The Following Question
Correct Answer
Your Answer
