All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Economics – I - Question Paper
Friday, 01 February 2013 10:45Web
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67.The wages which are paid depending on the volume of output are termed as
(a) Time wages
(b) Piece wages
(c) Task wages
(d) type wages
(e) Service wages. (1 mark)
68.What differentiates market rate of interest from real rate of interest?
(a) Demand for capital
(b) Supply of capital
(c) Price level
(d) Savings
(e) Investment. (1 mark)
69.Frank H. Knight, in his Uncertainty bearing theory of profit, differentiated risk and uncertainty. Further,
he divided risk into insurable risk and non-insurable risk. According him which of the subsequent are
non-insurable risks?
I. Risk of competition.
II. Risk arising out of modifications in technology.
III. Market conditions risk.
IV. Government policy risk.
(a) Both (I) and (II) above
(b) Both (II) and (III) above
(c) (I), (II) and (III) above
(d) (II), (III) and (IV) above
(e) All (I), (II), (III) and (IV) above. (1 mark)
70.There are several techniques of demand forecasting. These are divided broadly into quantitative and
qualitative techniques. Qualitative technique includes
I. Expert opinion.
II. Surveys.
III. Time series analysis.
IV. Market experiments.
V. Barometric methods.
(a) Both (I) and (II) above
(b) Both (II) and (III) above
(c) (I), (II) and (III) above
(d) (I), (II) and (IV) above
(e) (I), (II) and (V) above. (1 mark)
END OF ques. PAPER
Suggested Answers
Business Economics – I (MB1B3): October 2008
ans cause
1. C I. Is not an assumption because the economic resources available for use in the
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