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

True/False
ques.
The divisible goods, whose benefits can be priced, are called pure public goods
accurate ans
False
Your ans
True

True/False
ques.
In case of a proprietary firm the liability of the proprietor is limited
accurate ans
False
Your ans
False

True/False
ques.
During the phase of depression, the level of national income and expenditure rises rapidly
accurate ans
False
Your ans
False

Multiple option Single ans
ques.
According J.B.Clark, profit is the reward paid for
accurate ans
dynamism
Your ans
risk bearing

Multiple option Single ans
ques.
Gross profit is the excess of total revenue of a firm over total
accurate ans
expenditure
Your ans
expenditure

Multiple option Single ans
ques.
In general, the demand for necessaries is relatively
accurate ans
inelastic
Your ans
elastic

True/False
ques.
Demand for food grains is inelastic but the demand for wheat is elastic.
accurate ans
True
Your ans
False

Match The subsequent
Question
accurate ans
Your ans
Excess supply can be described as
volume supplied minus volume demanded
volume supplied minus volume demanded
If demand remain unchanged on increase in supply will outcome in
A rise in equilibrium volume
The supply is perfectly elastic
Market Price is a situation which
The supply is perfectly elastic
A rise in equilibrium volume
The responsiveness of demand to change in price is measured
Elasticity of demand
In the identical proportion
Unit income elasticity implies that asincome rises demand for a commodity rises
In the identical proportion
Elasticity of demand

choose The Blank
ques.
Greater scope for the ________ sector may mean incremental ________ , which connotes the expansion of public sector undertakings, can be left to a few private companies
accurate ans
private
Your ans
investment
accurate ans
disinvestments
Your ans
growth

Multiple option Single ans
ques.
Goods produced on small scale of supply is
accurate ans
inelastic
Your ans
zero elastic

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

True/False
ques.
Contraction of supply is traced by the downward movement on the supply curve.
accurate ans
True
Your ans
True

True/False
ques.
The laws of returns to scale discuss the behavior of output in response to modifications in scale.

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