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

Multiple option Multiple ans
ques. Explicit costs are
accurate ans Out of pocket costs , These are firms accounting expenses , Expenditure costs
Your ans Out of pocket costs , These are firms accounting expenses , Expenditure costs

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 cost which enter the accounts book of the firm are referred as ________.
accurate ans Accounting cost
Your ans Accounting cost

Multiple option Single ans
ques. Jevons' , the economists who described the term 'market' various from that of the traditional sense is an
accurate ans English economists
Your ans English economists

Multiple option Single ans
ques. Economists have pointed out that the real world is full of
accurate ans Imperfect competition
Your ans Imperfect competition

True/False
ques. A firm under perfect competition is a price maker.
accurate ans False
Your ans False

True/False
ques. Under perfect competition single seller can influence the price.
accurate ans False
Your ans False

Multiple option Multiple ans
ques. kinds of imperfect competition are
accurate ans Monopoly , Duopoly , Oligopoly
Your ans Monopoly , Duopoly , Oligopoly

Multiple option Multiple ans
ques. Features of Pure Competition are
accurate ans Large number of buyers and sellers , Homogeneous products , Free entry and free exit of firms
Your ans Large number of buyers and sellers , Homogeneous products , Free entry and free exit of firms

Multiple option Multiple ans
ques. Equilibrium is the stage of
accurate ans maximum satisfaction , balance , stationary
Your ans maximum satisfaction , balance

Multiple option Single ans
ques. Inflation is a phenomena in which prices
accurate ans rise
Your ans rise

Multiple option Single ans
ques. actual inflation begins only after reaching the level of full
accurate ans Employment
Your ans Employment

True/False
ques. During inflation, the pensioners whose income is permanently fixed, are substantially benefited.
accurate ans False
Your ans False

True/False
ques. Saving is a private virtue
accurate ans actual
Your ans actual

Multiple option Multiple ans
ques. According to Keynes, Aggregate supply function refers to
accurate ans the minimum price of revenue which the entrepreneurs must get , Associated with various levels of employment , Explains that the level of out put varies with the level of employment

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