Symbiosis International Education Centre 2008 M.B.A Human Resource Management Managerial Economics - Question Paper

Your ans
voluntary organization , managed by democratic principle , non profit motive organization

choose The Blank
ques.
A private limited company can be formed with two to 50 members maximum, excluding ________
accurate ans
employee shareholders
Your ans
Directors

Multiple option Single ans
ques.
The method of inventory evaluation in which , the cost of production is computed on the assumption that the material which was last to enter the inventory of the company was used 1st is
accurate ans
LIFO
Your ans
LIFO

True/False
ques.
Profit should be large enough for a plough – back for business expansion.
accurate ans
True
Your ans
True

True/False
ques.
Accounting profit takes in to account opportunity cost.
accurate ans
False
Your ans
True

Multiple option Multiple ans
ques.
Profit is regarded as
accurate ans
income accruing to the equity holders , wages accrue to the labour , rent accrue to the owner
Your ans
income accruing to the equity holders , rent accrue to the owner

Multiple option Single ans
ques.
change in income of a person may outcome in demand for goods to
accurate ans
change
Your ans
change

Multiple option Single ans
ques.
With decline in price of a commodity, total expenditure spent on the commodity is less than before, then elasticity of demand for the commodity is
accurate ans
< 1
Your ans
>1

Multiple option Single ans
ques.
Peas & beas, groundnut oil & til oil, tea & coffee are examples of
accurate ans
substitutes goods
Your ans
substitutes goods

True/False
ques.
Demand for luxury goods is inelastic
accurate ans
False
Your ans
False

Match The subsequent
Question
accurate ans
Your ans
Increase in demand
Upward shift of the demand curve
Upward movement on the demand curve
Extension of demand
Downward movement on the demand curve
Vertical Demand curve
reduce in Demand
Leftward shift of the demand curve
Downward movement on the demand curve
Contraction of Demand
Upward movement on the demand curve
Leftward shift of the demand curve

choose The Blank
ques.
Increase in consumer’s income leads in the demand for inferior goods to ________
accurate ans
decrease
Your ans
decrease

Multiple option Multiple ans
ques.
Reasons for change in Demand (Increase or reduce in Demand)
accurate ans
change income of consumer , change in population , change in fashion and customs
Your ans
change income of consumer , change in population , change in fashion and customs

Multiple option Single ans
ques.
AVC is the per unit variable cost of
accurate ans
production
Your ans
fixed variable

True/False
ques.
The sum of total fixed costs and total variable costs is the total cost.
accurate ans
True
Your ans
True

Multiple option Multiple ans
ques.
The production function can be discussed by
accurate ans
legal regulations of variable proportions , Laws of returns to scale , Optimum combinations of inputs
Your ans
legal regulations of variable proportions , Laws of returns to scale

choose The Blank
ques.
Output rises in a lesser proportion to that of the increase in input, under the case of ________.
accurate ans
decreasing returns to scale
Your ans
decreasing returns to scale

choose The Blank
ques.
The costs which cover the cost of advertising is ________.
accurate ans
Selling cost
Your ans
Incremental cost

choose The Blank
ques.
The out of pocket costs are ________.
accurate ans
Explicit costs
Your ans
Explicit costs

choose The Blank
ques.
By ' profits', the accountant means total revenue minus________.
accurate ans
Explicit costs
Your ans
Fixed costs

Multiple option Single ans
ques.
The supply curve during market period is
accurate ans
perfectly inelastic
Your ans
perfectly inelastic

Multiple option Single ans
ques.
Under monopoly entry of new firms is
accurate ans
prohibited
Your ans
limited

True/False
ques.
In case of the co-operative societies supplying cheap inputs or supplying consumer products at fair prices, a system of subsidized pricing is followed.
accurate ans
True
Your ans
True

True/False
ques.
Market price fluctuates very often.
accurate ans
True
Your ans
True

Multiple option Multiple ans
ques.
Macro Economics is the study of
accurate ans
The aggregate behavior of the economy , The behavior of economic agents , issues such as the rates of inflation, the balance of payments, etc
Your ans
The aggregate behavior of the economy , issues such as the rates of inflation, the balance of payments, etc , Economic welfare

Multiple option Multiple ans
ques.
The subject matter of Micro economics includes the study of
accurate ans
an individual consumer , particular market for a provided commodity , operation of a firm
Your ans
an individual consumer , particular market for a provided commodity , major economic problems , issues & policies

Multiple option Multiple ans
ques.
16. The phase of recovery denotes
accurate ans
More employment opportunities , Increase in profitability , Wage rate increase
Your ans
More employment opportunities , Increase in profitability , Wage rate increase

Multiple option Multiple ans
ques.
Quantitative credit control measures are
accurate ans
open market operations , modifications in bank rates , modifications in statutory reserve ratio
Your ans
open market operations , moral suasion

Multiple option Single ans
ques.
The government has adopted a system of dual prices in the case of
accurate ans
essential goods
Your ans
essential goods

Multiple option Multiple ans
ques.
The disinvestments of industries is needed for
accurate ans
Phased privatization , Reducing deficit , Capital support to plans
Your ans
Phased privatization , Reducing deficit , Capital support to plans

Earning:   Approval pending.