Managerial Economics

41

National income in India is estimated by the

A) Planning Commission B) Indian Statistical Institute C) Reserve Bank of India D) Central Statistical Organisation

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Answer & Solution

Answer: Option D

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42

Income elasticity is computed by

A) $${e_i} = \frac{{{Y_2} - {Y_1}}}{{{e_1}}}$$ B) $${e_i} = \frac{{{Y_1} - {Y_2}}}{{{P_1}}}$$ C) $${e_i} = \frac{{\frac{{{Q_2} - {Q_1}}}{{{Q_1}}}}}{{\frac{{{Y_2} - {Y_1}}}{{{Y_1}}}}}$$ D) $${e_i} = \frac{{{Q_2} - {Q_1}}}{{{P_1}}}$$

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Answer & Solution

Answer: Option C

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43

Which form of monopoly regulation is most advantageous for the consumer?

A) Price control B) Lump sum tax C) Per unit tax D) All of the above three forms are equally advantageous

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Answer & Solution

Answer: Option A

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44

The lines ABCD represents which type of a curve?
Managerial Economics mcq question image

A) Kinked curve of oligopoly B) Price rigidity curve C) Demand curve for duopoly D) None of the above

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Answer & Solution

Answer: Option A

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45

Match the items of the following two lists and indicate the correct answer.

List-I	List-II
a. Trade channel discounts	1. Oligopoly pricing
b. Tie-up sales	2. Locational price differential
c. Price being non-responsive to changes in demand costs	3. Differential pricing
d. Basing-point pricing	4. Product-line pricing

A) a-4, b-2, c-3, d-1 B) a-3, b-4, c-1, d-2 C) a-2, b-1, c-4, d-3 D) a-1, b-3, c-2, d-4

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Answer & Solution

Answer: Option B

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46

If a monopolist is producing under decreasing cost conditions, increase in demand is beneficial to the society because

A) Goods will be sold in many markets B) Cost of production falls and hence price C) Consumers get better quality goods D) None of the above answer is correct

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Answer & Solution

Answer: Option B

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47

GNP:

A) Is the total measure of the flow of goods and services at market value resulting from current production during a year in a country including net income from abroad B) Is the total of cash, capital, production and gold C) Is the total capital D) Is the total of gold

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Answer & Solution

Answer: Option A

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48

OPEC is an example of the type of producer's organisation known as a

A) Trust B) Producer's Cooperative C) Marketing board D) Cartel

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Answer & Solution

Answer: Option D

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49

Deficit financing aims to put more money into the economy by creating additional paper currency to fill the gap between expenditure and revenue, The device aims at economic development but if it fails, it generates

A) deflation B) inflation C) demonetisation D) devaluation

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Answer & Solution

Answer: Option B

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50

The vertical distance between TVC and TC is equal to

A) AVC B) MC C) TFC D) None of these

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Answer & Solution

Answer: Option C

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