Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A MODEL MB0026 ECONOMICS SMU - Question Paper

MODEL PAPER

MB0026 ECONOMICS

GROUP A one Mark ques. (1 – 40)
GROUP B two Mark ques. (41—65)
GROUP C four Mark ques. (66 – 75)

Group A

1.
Managerial economics deals with the issue of
a. An individual firm
b. An industry
c. An economy
d. Global economy

2.
Managerial Economics as a specialized branch of Economics
a. give ready-made solutions to business issues
b. give logic and methodology to obtain solutions to business issues
c. give theoretical background to analyze business issues
d. give option answers to specific business issues.

3. Managerial economics as a new branch of Economics
a. Highlights on analyzing business issues
b. Acts totally independent of other subjects
c. Uses new techniques to identify business and management issues
d. Applies economic theories and concepts to solve business and management issues

4. Demand for a product refers to
a. different volumes that are demanded by consumers
b. different amounts desired by consumers
c. Total volume of a product demanded during a provided period of time
d. Total volume of a product demanded at a particular price in the market during a provided period of time.

5. The relationship ranging from price and demand is
a. Direct
b. Inverse
c. Proportionate
d. positive

6. Which of the assumptions on which the demand is based are
a. Production Costs
b. Technology
c. Prices of Inputs
d. Prices of other related goods and tastes and preferences

7. In case of increase in demand, the demand curve
a. Shifts backwards
b. Shifts forward
c. Will have upward slope
d. Will be horizontal

8. The legal regulations of Demand assuming other things to remain constant, establishes the relationship ranging from
a. Income of the consumer and the volume of a good demanded by him
b. Price of a good and the volume demanded
c. Price of a good and the demand for its substitute
d. volume demanded of a good and the relative prices of its complimentary goods.

9.
Demand forecasting is made - for the
a. For the existing products only.
b. New products only.
c. For both the existing products & for the new products.
d..For the substitutes only

10. A firm to formulate its sales policy and sales strategy can make use of
a. Sales forecast made by the other firms.
b. Sales forecast made by the industry.
c. Sales forecast made by the govt.
d. Sales forecast made by the statistical organizations.

11. Complete enumeration method and Sample survey method are the 2 variants of

Earning:   Approval pending.