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

42. The govt. go for … financing to finance public expenditure
a. Surplus b. Deficet
c. Long term d. None of these

43. ……. Is formed by the action of sunlight on oxygen
a. Ozone b. Global warming
c. Acid rain d. None of these

44. ….. are the prices which are fixed and enforced by the government in the overall interest of economy
a. Administered price
b. Customizing pricing
c. Marginal cost prices
d. Rate of Return

45. “ Any area over which buyers and sellers are in such close touch with 1 a different either directly or through dealers that the prices obtainable in 1 part of the market affects the prices paid is other parts”. This def. was provided by :-
a. Prof. Benham b. Prof. Cournot.
c. Pappas & Hirschey d. None of these

46. In monopolistic competition there is … rather than price competition.
a. Sales competition b. Purchase competition
c. Product competition d. None of these

47. … is a market situation where there is monopoly element is case of buyer.
a. Monopsony b. Duopsony
c. Monopoly d. Oligopsony

48. When MPC = one multiplier will be ….
a. one b. zero
c. infinite d. none of these
49. Acceleration depends on the …. And the durability of capital assets
a. Capital output ratio b. Sales ratio
c. Expense ratio d. None of these

50. …. Helps the manager to decide the adv. Exp.
a. Income elasticity of old
b. Price elasticity of dd
c. Cross elasticity of dd
d. Adv. elasticity of dd

51. Reserve over and above statutory ratio is called ….
a. Excess Reserve b. General Reserve
c. Reserve find d. None of these
52. Price of a good falls from Rs. eight to Rs. six As a outcome to dd rises from 100 units to 125 units compute price elasticity to dd.
a. 2.5 b. 2
c. 1 d. 0

53. … is a market with 2 sellers exercising control over the supply of commodities
a. Monopsony b. Bilateral monopoly
c. Duopoly d. Oligopsony

54. …. Is the difference ranging from ex-ante and ex-post satisfaction.
a. consumer surplus b. Producer surplus
c. Marginal revenue d. None of these

55. Functional variable are of 2 kinds
a. Stock & flow
b. Dependent & independent
c. Endogenus & exogenus
d. None of these

56. The % of total deposits which the bank is needed to hold in the form of cash reserve for meeting the depositor’s demand for cash is called……
a. Value added output ratio
b. Input-output
c. cash reserve ratio
d. cash income ratio

57. ….. is guarded by social welfare rather than profit motive.
a. Autonomous inv. b. Foreign inv.
c. Private inv. d. Public inv.

58. Acceleration depends on the …. And the durability of the capital assets.
a. Capital output ratio b. Labour output ratio
c. Cash reserve ratio d. none of these.

59. Monetary policy …. When it promotes economic activities
a. Positive b. Negative
c. Liberal d. Clear money policy

60. ……. Refers to direct control on various activities by the govt. to achieve the desired goal.
a. Monetary policy b. Physical policy
c. Fiscal policy d. None of these

61. … is a protracted period is which business activity is far beneath the normal level and is extremely low.
a. Depression b. Boom
c. Recovery d. Recession.
PART - C

62. Match the subsequent
62. Prosperity - (i) Magnification
of deried dd
63. Fiscal Tool - (ii) General equilibrium
Analysis
64. Accelerator -(iii) Normal Profit

65. consumer surplus -(iv) Subsidies,
development
Rebates, tax reliefs.
66. Perfect competition - (v) General equilibrium
analysis
67. Marginal cost - (vi) High level output,
employment
68. Delphi Method - (viii) Product
Technological
Changes,
a. 62(iii) 63(i) 64(ii) 65(v) 66(vi) 67(iv) 68(vii)
b. 62(vi) 63(iv) 64(i) 65(ii) 66(iii) 67(v) 68(vii)
c. 62(i) 63(ii) 64(vii) 65(iii) 66(iv) 67(v) 68(vi)
d. 62(ii) 63(i) 64(iii) 65(vii) 66(v) 67(vi) 68(iv)

69. Full form of MRTS.
a. Marginal Rate of tech. Substitution
b. Marginal Revenue of Total Surplus
c. Marginal Rate of Total Satisfaction
d. None of these.

70. What is Veblen’s effect.
a. Demand for status symbol goods would go
up with a rise in price
b. dd for necessaries would go up
c. dd for emergencies may go up.
d. None of these.

71. AVC = ………………...
a. AC - AFC b. TC – TFC
c. TC/Q d. FC x Q

72. “Any area over which buyers and sellers are in such close touch with 1 another, either directly or through dealers that the prices obtainable is 1 part of the market affect the prices paid in other part.”
a. Prof. Marshall b. Prof. Coummt
c. Prof. Benham d. None of these.

73 – 75 actual or False

73. Under perfect competition industry is price maker and firm is price taker
a. True b. False

74. Bilateral monopoly is a market situation in which a single seller focus a single buyer
a. True b. False

75. Monetary policy does not deal with supply of legal tender money.
a. True b. False

Earning:   Approval pending.