Sikkim-Manipal University of Health Medical and Technological Sciences (SMUHMTS) 2007 M.B.A 1st MANAGERIAL ECONOMICS - Question Paper

MBA – I Sem. (SMU)
SUBJECT – MANAGERIAL ECONOMICS [CODE- MB0026]
PART- A


1. …… Lies midway ranging from economics theory and business practice and serves as a connecting link ranging from the 2 .
a. Micro Economics b. Macro Economics
c. Managerial Economics d. Statistics

2. …. Is concerned with estimation of cost to produce a provided quanlity of output
a. Fixed Cost b. Production Cost
c. Selling expenses d. Administration Cost

3. …. Provides a framework on which long term decisions can be made which have an impact on the behavior of the firm.
a. Strategic planning b. Decision making
c. Organisation d. None of these

4. Basic objective of a firm today is …
a. Sales Maximization b. Service Motto
c. Profit Maximization d. None of these

5. ……. Helps the managers to estimate its production plan in accordance with the market demand.
a. Market demand schedule
b. individual demand schedule
c. Price
d. None of these

6. The demand curve has a …. as it slops downwards
a. Negative Slope b. Positive Slope
c. Netural Slope d. None of these

7. …. are those items which are purchased by consumers what ever may be the price
a. Necessaries b. Conspicuous Necessaries
c. Emergency d. None of these

8. In case of Veblen goods, a fall inprice leads to a … in demand.
a. Rise b. Fall
c. No Charge d. None of these

9. Under …. Proportionate change in price leads to equal proportionate change in demand.
a. Relative elastic demand
b. Relative in elastic demand
c. Unitary elastic demand
d. Perfectly elastic

10. The cross elasticity is …. When commodities are independent of every other
a. 1 b. 0
c. Infinity d. 2

11. …. Helps to [plan large non financial requirements and investment programs by floating shares and debentures in the open market
a. Financial; Planning
b. Manpower Planning
c. Business Planning
d. None of these

12. … is used to forecast the demand for intermediate products only.
a. Delphi methods
b. Output method
c. Opinion survey method
d. None of these

13. According to …. The rate of growth and ultimate level of demand for the new product are estimate on the basis of the trend of growth of established products.
a. Opinion full approach
b. Evolutionary Approach
c. Substitute approach
d. Growth curve approach

14. The heart of survey method is ….
a. consumers b. Questionnaire
c. Product. d. None of these

15. …. is the total quantity of a commodity which can be brought into the market for sale at a short notice.
a. Stock b. Supply
c. Demand d. None of these

Earning:   Approval pending.