Symbiosis International Education Centre 2006 Post Graduate Diploma HR Management Managerial Economics - Question Paper

LIST OF ATTEMPTED ques. AND ANSWERS – Managerial Economics

Multiple option Single ans
ques.
Every nation’s resources which are used to produce the volumes of goods and services that would be needed to satisfy all its citizen’s wants are
accurate ans
insufficient
Your ans
insufficient

Match The subsequent
Question
accurate ans
Your ans
Managerial economics
Decision making and forward planning
Decision making and forward planning
Resources
scarce
scarce
Commodities
goods and services
goods and services
Human wants
unlimited
unlimited
General Theory of Employment, Interest and Money
J. M. Keynes
J. M. Keynes

Multiple option Single ans
ques.
The feasibility, which includes the prospects of employment generation, development of backward areas, social groups comprises of
accurate ans
Economic feasibility
Your ans
Economic feasibility

Multiple option Single ans
ques.
As far as its use is concerned, tuning in of a radio can be categorized as:
accurate ans
Divisible
Your ans
Divisible

True/False
ques.
In a market system of economy, there is no harmony ranging from individual interests and interests of the community.
accurate ans
False
Your ans
False

True/False
ques.
Institution of private property is not an essential feature of Capitalism.
accurate ans
False
Your ans
False

Multiple option Multiple ans
ques.
In case of defense services, all the parts of the society are equally protected and benefited. The defense services in other words is
accurate ans
indivisible in character , cannot be priced in the market , a public good
Your ans
indivisible in character , cannot be priced in the market

choose The Blank
ques.
On the ________ level, the summation of maximum individual welfare does not automatically lead to maximum social welfare.
accurate ans
macro
Your ans
micro

choose The Blank
ques.
While discussing the product divisibility of public and private goods, the principle of ________ may be applied in case of only those people who do not agree to pay or who cannot pay the market price
accurate ans
exclusion
Your ans
exceptions

choose The Blank
ques.
The goods become ________ only when every individual has an access to the entire amount of it and its use by the individual does not decrease its availability to others.
accurate ans
indivisible
Your ans
public

choose The Blank
ques.
In the situation of formulation of an investment project, ________ feasibility means the availability of land, plant, machinery, raw materials and tech. know how etc.
accurate ans
technical
Your ans
technical

choose The Blank
ques.
In a market economy ________ is the best judge of personal interest.
accurate ans

Earning:   Approval pending.