71
Price discrimination will not be a good approach for
A)
railway company
B)
electric supply company
C)
FMCG company
D)
mobile company
Answer & Solution
Answer: Option
C
72
On a less than perfectly elastic demand curve, the MR for a given price and output is equal to price multiplied by
A)
$$\left[ {1 - e} \right]$$
B)
$$\left[ {e - \frac{1}{e}} \right]$$
C)
$$\left[ {1 - \frac{1}{e}} \right]$$
D)
$$\left[ {\frac{1}{e} - 1} \right]$$
Answer & Solution
Answer: Option
C
73
Which one of the following is based on the market law of 'Say's'?
A)
Nurkse's theory of balanced development
B)
Vicious circle of poverty
C)
Keynes's low employment theory
D)
Harshman's theory of unbalanced development
Answer & Solution
Answer: Option
C
74
Which one of the following theories is not correct in the context of Central Limit Theorem?
A)
If a population from which a sample is drawn is normally distributed the sampling distribution of mean (SDM) will be normal for all sample sizes
B)
The mean of the SDM is the population mean
C)
If the population is not normal from which the sample is drawn, the SDM is not normal for any sample size
D)
If the population is not normal from which a sample is drawn, the SDM approaches normality as the sample size increases
Answer & Solution
Answer: Option
C
75
The field of business economic does not include
A)
Demand Forecasting
B)
Pricing decision
C)
Investment management decision
D)
Dividend decision
Answer & Solution
Answer: Option
D
76
Assertion (A): In 1991 Government decided to allow all foreign investments to any industry without any restrictions.Reason (R): Government has enhanced the investment limit of small scale industrial units.
A)
Both (A) and (R) are true and (R) is the correct explanation of (A)
B)
Both (A) and (R) are true but (R) is not the correct explanation of (A)
C)
(A) is true but (R) is false
D)
(A) is false but (R) is true
Answer & Solution
Answer: Option
D
77
Match the following.
List-I List-II
a. Law of increasing returns
1. TP starts declining
b. Law of diminishing returns
2. TP is increasing at the decreasing rate
c. Law of negative returns
3. MP is increasing
A)
a-3, b-2, c-1
B)
a-1, b-2, c-3
C)
a-2, b-3, c-1
D)
a-1, b-3, c-2
Answer & Solution
Answer: Option
A
78
Price, Marginal Revenue and Elasticity are related to each other. When e = 1, then:
A)
MR > 0
B)
MR < 0
C)
MR = 0
D)
MR = 1
Answer & Solution
Answer: Option
C
79
The relationship of the iso-product curve line depends on
A)
Rate of substitution
B)
Cost rate
C)
Rate of production
D)
None of these
Answer & Solution
Answer: Option
A
80
The revealed preference approach can be described by
A)
strong ordering and lexicographic preference pattern
B)
rationality, consistency and transitivity
C)
rationality and weak ordering
D)
transitivity and weak ordering
Answer & Solution
Answer: Option
B
