All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Economics – II - Question Paper
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(b) Slump
(c) Depression
(d) Expansion
(e) Stagflation. ( one mark)
47. The phrase “Business cycle” refers to the trend of fluctuations in
(a) The general level of prices as measured by the consumer price index
(b) Interest rate as measured by the prime lending rate
(c) Economic activity
(d) Budget surplus or deficit
(e) Stock market index. ( one mark)
48. In which of the subsequent cases, people expect the price to increase and spend their money quickly so that they could consume to
the maximum extent possible?
(a) Creeping inflation
(b) Running inflation
(c) Galloping inflation
(d) Deflation
(e) Stagflation. ( one mark)
49. Which of the subsequent is a regional grouping of countries that levies common external duties on imports from nonmember countries,
but which eliminates tariffs, quotas and other miscellaneous government restrictions on trade among member countries?
(a) Free trade area
(b) Custom union
(c) Common market
(d) Economic union
(e) Political union. ( one mark)
50. The subsequent data is taken from National Income Accounts of a country:
Personal income in the country is
Particulars Rs. in cr.
National Income 1,377
Transfer payments 302
Undistributed corporate profits 28
Corporate tax 75
(a) Rs.1,463 cr.
(b) Rs.1,121 cr.
(c) Rs.1,230 cr.
(d) Rs.1,576 cr.
(e) Rs.1,496 cr. ( two marks)
51. The personal income of an individual is Rs.20,000. If the income tax paid is Rs.1,275, consumption expenditure is Rs.5,000, interest
payments on loans are Rs.200 and savings amount to Rs.800, the disposable income of the individual is
(a) Rs.12,000
(b) Rs.10,400
(c) Rs. 9,600
(d) Rs.18,725
(e) Rs.19,625. ( two marks)
52. The subsequent info is taken from the National Income accounts of a hypothetical economy:
Particulars MUC
Consumption 3,000
National Income 5,000
Investment 600
Government expenditure 400
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