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

accurate ans
True
Your ans
True

True/False
ques.
In the stage I of the legal regulations of diminishing returns, the marginal product goes on increasing
accurate ans
True
Your ans
False

Multiple option Multiple ans
ques.
Features of monopolistic Competition
accurate ans
Fairly Large number of firms , Product differentiation , Selling costs are existed
Your ans
Fairly Large number of firms , Product differentiation , Selling costs are existed

choose The Blank
ques.
Where ________ is charging a ________ in the home market and a lower price in the international market, it is called Dumping
accurate ans
monopolist
Your ans
a firm
accurate ans
higher price
Your ans
higher price

choose The Blank
ques.
The number of sellers operating under this kind of competition is ________ under oligopoly, but less than under ________
accurate ans
larger than
Your ans
complementary
accurate ans
perfect ompetition
Your ans
perfect ompetition

Multiple option Multiple ans
ques.
Marginal Propensity to consume
accurate ans
It is described as the ratio of the change in consumption to the change in income , It is rate of change in the avg. propensity to consume as income modifications , It is derived by the formula mpc= change in C/change in Y
Your ans
It is described as the ratio of the change in consumption to the change in income , It is derived by the formula mpc= change in C/change in Y , It is derived by dividing the change in income by change in the consumption expenditure

Multiple option Multiple ans
ques.
Investment
accurate ans
It adds to capital equipments , It leads to increase in level of income , It includes new plant and equipment
Your ans
It adds to capital equipments , It leads to increase in level of income , It includes new plant and equipment

Multiple option Multiple ans
ques.
Features of stage of expansion in business cycle are
accurate ans
Rise in national output , Rise in consumer and capital expenditure , Bank advances grow rapidly
Your ans
Rise in national output , Rise in consumer and capital expenditure , Bank advances grow rapidly

Multiple option Multiple ans
ques.
Characteristics of Depression
accurate ans
reduce in economic activities , The growth rate becomes negative , The level of national income declines rapidly
Your ans
reduce in economic activities , The growth rate becomes negative

Multiple option Multiple ans
ques.
Recession includes
accurate ans
The demand is halted , Increase in production of goods , Inventories piling up in stocks
Your ans
The demand is halted , Inventories piling up in stocks

Multiple option Multiple ans
ques.
The causes of inflation
accurate ans
Increase in public expenditure , Increase in private expenditure , Increase in foreign demand
Your ans
Increase in public expenditure , Increase in foreign demand , Increase in taxation

choose The Blank
ques.
The rate of interest, according to ________ , depends upon 2 factors: (i) ________ and (ii) the volume of money
accurate ans
Keynes
Your ans
Keynes
accurate ans
the liquidity preference function
Your ans
the liquidity preference function

choose The Blank
ques.
In the words of ________ , “inflation occurs when the ________ of prices and cost is rising”.
accurate ans
Prof. Samuelson
Your ans
Prof. Samuelson
accurate ans
general level
Your ans
general level

Multiple option Multiple ans
ques.
Forms of Public Enterprises
accurate ans
Public Corporations , Departmental management , Company Management or management by boards
Your ans
Departmental management , Public Corporations

Multiple option Multiple ans
ques.
Specific organizational goals of Firms are:
accurate ans
Maximisation of profit , Reasonable Profit Target , Sales revenue Maximization
Your ans
Maximisation of profit , Reasonable Profit Target , Sales revenue Maximization

Multiple option Multiple ans
ques.
Individual Demand Schedule:
accurate ans
Is in tabular form , It indicates the prices of goods , It indicates the volumes of a commodity purchased
Your ans
Is in tabular form , It indicates the prices of goods , It indicates the volumes of a commodity purchased

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 , Optimum combinations of inputs

Multiple option Multiple ans
ques.
Implicit costs are:
accurate ans
Cost on self owned resources , Costs of salary of the proprietor , Interest on the entrepreneur's own investment
Your ans
Cost on self owned resources , Interest on the entrepreneur's own investment

choose The Blank
ques.
Managerial ________s generally refers to the integration of economic theory with ________ practice.
accurate ans
economic
Your ans
economic
accurate ans
business
Your ans
business

choose The Blank
ques.
In a competitive industry, there is a large number of firms so that the action of ________ firm has ________ on the price and output of the whole industry.
accurate ans
a single
Your ans
a single
accurate ans
no effect
Your ans
no effect

choose The Blank
ques.
As per the International Labour Organisation (ILO), _ ________ is a ________ association of individuals with limited income on the basis of equal rights and responsibilities for achieving certa
accurate ans
Co-operation
Your ans
Co-operation
accurate ans
voluntary
Your ans
voluntary

choose The Blank
ques.
The word ________ has various meanings to businessmen, ________ , tax collectors, workers and economists and it is often used in a loose sense that buries its real significance
accurate ans
Profit
Your ans
Profit
accurate ans
accountants
Your ans
accountants

choose The Blank
ques.
The demand curve is ________ representation of a demand schedule, demand curve slopes ________ ward from left to right.
accurate ans
graphical
Your ans
graphical
accurate ans
down
Your ans
down

choose The Blank
ques.
The ________ that is ________ is the opportunity cost of the commodity produced.
accurate ans
sacrificed
Your ans
commodity
accurate ans
commodity
Your ans
sacrificed

Earning:   Approval pending.