Which one of the following structural changes in the composition of National Income of India would characterise economic development?
A. A large proportion of income from agriculture relative to other sectors
B. A small proportion of income from the tertiary sector compared to that from agriculture
C. A larger proportion of income from industry as compared to that from agriculture
D. A smaller portion of income from industry as compared to that from the tertiary sector
Answer: Option B
The emphasis of managerial economics is on
A. Bonus theory
B. Normative theory
C. System theory
D. Accounting theory
Which is not the subject of Managerial Economics?
A. Accounting Theory
B. Pricing Decision, Policies and Practices
C. Capital Management
D. Profit Management
Which is not covered under the scope of managerial economics?
A. Profit management
B. Accounting theory
C. Pricing policies
D. Production analysis

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