Managerial Economics SCDL

Select The Blank

Question Open market operations measures are ________.

Correct Answer Quantitative credit control

Your Answer Foreign exchange control





Multiple Choice Multiple Answer

Question Steps in cost benefit analysis are :-

Correct Answer Identification of a project , Formulation of the project , Appraisal and selection of the project

Your Answer Identification of a project , Formulation of the project , Appraisal and selection of the project





Select The Blank

Question By using cost-benefit analysis we can show the measures necessary for attaining maximum ________ and optimal policy aiming at this goal.

Correct Answer Net wealth

Your Answer Gross wealth





Multiple Choice Multiple Answer

Question The effective solution to the problem of internationalizing of externality involves :-

Correct Answer Government action , Private action providing correctives , Externality taxes

Your Answer Private action providing correctives , Externality taxes , Subsidies by the government





Multiple Choice Single Answer

Question Slope of supply curve is :-

Correct Answer Positive

Your Answer Positive





Match The Following

Question Correct Answer Your Answer



Production possibility frontier Maximization of output Spill over effect



Defence service Indivisible Indivisible



Economic effects of public goods are Spill over effect Maximization of output



Selection or implementation Step of cost benefit analysis Step of cost benefit analysis







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





Select The Blank

Question The Dual prices system was adopted by the Government in case of ________.

Correct Answer Essential goods

Your Answer Consumer goods





Multiple Choice Multiple Answer

Question Types of income elasticity of demand :-

Correct Answer Negative income elasticity , Zero income elasticity , Unit income elasticity

Your Answer Negative income elasticity , Zero income elasticity , Unit income elasticity





Select The Blank

Question According to the World Bank's approach, the tradable items would be valued at the corresponding world prices and the non-tradable items at the ________.

Correct Answer Shadow prices

Your Answer Shadow prices





Select The Blank

Question Cost-Benefit analysis aims at ________ of social wealth.

Correct Answer Maximization

Your Answer Maximization





Select The Blank

Question The minimum number of directors which private limited should have is ________.

Correct Answer 2

Your Answer 2





Multiple Choice Multiple Answer

Question Internal Economies involves :-

Correct Answer Advantages of large-scale production , Low cost of production , It avails benefits of cheaper finance

Your Answer Advantages of large-scale production , It avails benefits of cheaper finance , Availability of banking facility





Multiple Choice Multiple Answer

Question The features of a partnership firm are :-

Correct Answer Joint Ownership , No Remuneration to the partners , Unlimited liability

Your Answer Joint Ownership , No Remuneration to the partners , Unlimited liability





Multiple Choice Multiple Answer

Question Baumol has pointed out three main contributions of economic theory. They are :-

Correct Answer Economic theory contributes in building analytical model to recognize managerial problems , Economic theory contributes to, 'a set of analytical methods' which enhance the analytical capabilities of business analysis , Economic theory offers clarity to various concepts used in the business analyses

Your Answer Economic theory offers clarity to various concepts used in the business analyses , Economic theory contributes to, 'a set of analytical methods' which enhance the analytical capabilities of business analysis , Economic theory helps in efficient distribution of income





Select The Blank

Question The direct form in which the Government intervenes with private business is ________.

Correct Answer Economic Policies

Your Answer Economic Policies





Multiple Choice Single Answer

Question The city of Surat has specialized in :-

Correct Answer Diamond polishing

Your Answer Textiles





Multiple Choice Single Answer

Question The pioneering analysis of imperfect competition was done by Mrs. Jaon Robinson from the :-

Correct Answer Cambridge University

Your Answer Cambridge University





True/False

Question Public enterprises have shown a very high rate of return of the capital invested.

Correct Answer False

Your Answer True





True/False

Question In a free-enterprise economy, the problems of what, how and for whom are solved by a planning committee.

Correct Answer False

Your Answer True





Select The Blank

Question When there is ________ in foreign demand for the goods manufactured in a country, exports increase and prices of commodities in the country Increase.

Correct Answer Increase

Your Answer Increase





Multiple Choice Multiple Answer

Question Methods of forecasting demand for new products are :-

Correct Answer Product life cycle analysis , Test marketing , Evolutionary approach

Your Answer Test marketing , Evolutionary approach , Semi moving averages method





Multiple Choice Single Answer

Question Public corporations are managed by the board of directors appointed by :-

Correct Answer Government

Your Answer Government





True/False

Question The registration of a partnership firm is voluntary.

Correct Answer True

Your Answer True





Select The Blank

Question Long period price is called ________.

Correct Answer Normal price

Your Answer Abnormal price





Multiple Choice Multiple Answer

Question Investment is significant because of following reasons :-

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 , Increases accumulated wealth of the society





Multiple Choice Single Answer

Question As far as its use is concerned, tuning in of a radio can be categorized as:-

Correct Answer Divisible

Your Answer Indivisible





Match The Following

Question Correct Answer Your Answer



Monopsony is the monopoly From buyer’s side. From the seller's side



No monopolist however powerful, is In a position to decide both the price and the quantity. In a position to decide both the price and the quantity.



Ignorance of consumers, enables The monopolist to charge different prices. The monopolist to charge different prices.



Public utilities such as railway or cooking gas supply companies Are allowed under the law to make price discrimination. Are allowed under the law to make price discrimination.







True/False

Question J.M. Keynes presumed an economic model as a short period model in his analysis.

Correct Answer True

Your Answer True





Multiple Choice Single Answer

Question In cost - benefit analysis, after the step of appraisal and selection of the project is the step of :-

Correct Answer Comparison of the cash flow

Your Answer Comparison of the cash flow





Multiple Choice Single Answer

Question Innovation theory of profit was developed by :-

Correct Answer Joseph Schumpeter

Your Answer Joseph Schumpeter





True/False

Question Private profit motive is an essential feature of Capitalism.

Correct Answer True

Your Answer True





True/False

Question Social costs cannot be included in a firm's account book.

Correct Answer True

Your Answer False





Multiple Choice Single Answer

Question Market mechanism is characterized by :-

Correct Answer Instability

Your Answer Instability





True/False

Question Demand is related to price, time and place.

Correct Answer True

Your Answer True





True/False

Question Bargaining is one of the remedies of corrective action.

Correct Answer False

Your Answer True





Multiple Choice Multiple Answer

Question Characteristics of Pure Public goods are:-

Correct Answer They are completely indivisible , Their marginal cost would be zero or close to zero , Their benefits cannot be priced

Your Answer They are completely indivisible , Their marginal cost would be zero or close to zero , Their benefits cannot be priced





Multiple Choice Single Answer

Question Every seller and a buyer under pure competition :-

Correct Answer Is Price taker

Your Answer Is Price maker





Multiple Choice Multiple Answer

Question Objectives of economic policy are :-

Correct Answer To increase the efficiency and international competitiveness of industrial production , To improve the performance and rationalize the scope of the public sector , To reform and modernize the financial sector

Your Answer To increase the efficiency and international competitiveness of industrial production , To improve the performance and rationalize the scope of the public sector , To reform and modernize the financial sector





Multiple Choice Multiple Answer

Question According to Keynes, Aggregate supply function :-

Correct Answer Refers to the minimum price of revenue which the entrepreneurs must get , Associated with different levels of employment , Explains that the level of output varies with the level of employment

Your Answer Refers to the minimum price of revenue which the entrepreneurs must get , Associated with different levels of employment , Explains that the level of output varies with the level of employment





Multiple Choice Single Answer

Question Gross profit is the excess of total revenue of a firm over total :-

Correct Answer Expenditure

Your Answer Expenditure





Multiple Choice Single Answer

Question How is society's output of goods and services divided among its members is discussed under the :-

Correct Answer Theory of distribution

Your Answer Theory of production





True/False

Question Contraction of supply is traced by the downward movement on the supply curve.

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





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





True/False

Question Under perfect competition, price is determined by the interaction of total demand and total supply in the market.

Correct Answer True

Your Answer True





Multiple Choice Single Answer

Question Demand for several products like ice-cream, chocolate, bhel-puri depends on :-

Correct Answer Individual tastes

Your Answer Individual tastes