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Test Information
Instructions
Assignment 1
Total Questions: 63
Total Marks: 100
Assignment Information :
The examination will consist of only Objective type (multiple choice) questions
requiring candidates to Mouse-click their correct choice of alternatives against the
related question number. The questions would carry 1 to 5 marks each depending
on the difficulty level of the question as indicated in the table below:
The question paper will be for 100 marks and considering marks allotted to each
question, the total number of questions would be around 63.
In case candidate does not want to attempt the question he I she should not
mouse-click any option.
The students are allowed to save the responses and come back later to resume,
complete and "Save and Submit" the assignment. However, if the Due Date has
expired, then the assignment will not be accessible and will be marked as zero. In
such cases, the student can re-attempt the assignment allocated after enrolling in
the subsequent Semester.
Once submitted, that answer sheet cannot be retreieved for any editing. The
student has to initiate a new attempt (if allowed), if he has submitted the
assignment by mistake.
The students are normally allowed 3 chances to attempt and submit the
assignment. The number of attempts availed is displayed under the "Test
Information".
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1 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63
Question 1
The demand for a commodity arises from the consumer's willingness and ability to purchase the
commodity
True
False
2 points
Question 2
If the monopolist earns losses in the long run, he will not stay in business
True
False
2 points
Question 3
True
False
2 points
Question 4
Which type of elasticity of demand is used in decision making, wherein the same company produces
competing products?
2 points
Question 5
Name the kind of pricing which is the same as finding out an ideal starting selling price.
Target
price skimmimg
predatory pricing
2 points
Question 6
True
False
2 points
Question 7
True
False
2 points
Question 8
negative
positive
2 points
Question 9
True
False
2 points
Question 10
2 points
Question 11
Cooper
Marshall
Adam Smith
Walker
2 points
Question 12
2 points
Question 13
CSO
RBI
SBI
PNB
2 points
Question 14
True
False
2 points
Question 15
A monopolist is a
price maker
price taker
both
none of these
1 points
Question 16
"Human Welfare is the subject of Economics.” This statement is associated with the name of which
of the economists ?
Marshall
Robbins
Adam Smith
All of these
1 points
Question 17
Open Market Operations, one of the measures taken by RBI in order to control credit expansion in
the economy means
auction of gold
1 points
Question 18
aggregate demand rises more rapidly than the economy's productive potential
both a and b
neither a nor b
1 points
Question 19
An implicit cost is
imputed cost
1 points
Question 20
Less certain
Hypothetical
1 points
Question 21
price stability
economic stability
1 points
Question 22
True
False
1 points
Question 23
When the Law of diminishing returns begin to operate the TVC curve begins to
rise
fall
remain constant
1 points
Question 24
Branch of statistics which deals with development of particular statistical methods is classified as
industry statistics
economic statistics
applied statistics
mathematical statistics
1 points
Question 25
1 points
Question 26
currency
1 points
Question 27
natural disasters
new technology
all of these
1 points
Question 28
1 points
Question 29
In which denomination were India's first bimetallic coins issued in the year 2009?
Rs. 10
Rs.5
Rs. 20
Rs. 2
1 points
Question 30
Full cost pricing method is also known as
moderate fluctuations
Marginal Costing
1 points
Question 31
a slope equal to zero, and there are barriers to entry into the market
a negative slope, and there are no barriers to entry into the market
negative slope, and there are barriers to entry into the market
a slope equal to zero, and there is are no barriers to entry into the market.
1 points
Question 32
Jacob Viner
Comte
Gunnar Myrdal
Adam Smith
1 points
Question 33
ATM/Net Banking/drafts/cheques
RTGS
all of the above
1 points
Question 34
includes consumers spending on durable goods and non-durable goods and services
1 points
Question 35
Adam Smith
J.B. Say
J.M. Keynes
1 points
Question 36
industry
forestry
services
None of these
1 points
Question 37
Increasing Unemployment and Inflation is a situation of :
hyper inflation
Galloping Inflation
Stagflation
Reflation
1 points
Question 38
When total utility becomes maximum, then marginal utility will be—
Minimum
Average
zero
Negative
1 points
Question 39
There are four phases of a business cycle. Identify the correct sequence of the occurrence of these
phases
Recovery,Expansion, Depression,Recession
1 points
Question 40
the quantity of other goods sacrificed to get another unit of that good
the expenditure on the good
1 points
Question 41
Ministry of Finance
RBI
SBI
PNB
1 points
Question 42
SBI
RBI
Ministry of Finance
High Court
1 points
Question 43
sale of bonds
purchase of bonds
1 points
Question 44
How can the RBI increase the money supply in the market?
by selling bonds
1 points
Question 45
1 points
Question 46
Sales tax
Service tax
Excise duty
None of these
1 points
Question 47
1 points
Question 48
cannot be shifted
1 points
Question 49
Consumption Curve
1 points
Question 50
A firm that break even after all the economic costs are paid in earning
Economic Profit
Accounting profit
Normal Profit
Supernormal profit
1 points
Question 51
The prices statutorily determined by the Government for certain important goods like steel, cement,
etc is called
mark up pricing
Customary Pricing
Adminsitered Prices
1 points
Question 52
Which public sector banks has the largest number of branches in foreign countries?
Bank of Baroda
PNB
OBC
SBI
1 points
Question 53
When RBI announced on increase in Cash Reserve Ratio(CRR) and what does it mean?
1 points
Question 54
A perfectly competitive firm has which kind of profit in the long run
abnormal profit
normal profit
no profits
1 points
Question 55
Old age pensions, unemployment relief and scholarships to the students are examples of transfer
payments
True
False
3 points
Question 56
True
False
3 points
Question 57
Interest on borrowings
3 points
Question 58
True
False
3 points
Question 59
4 points
Question 60
Law of demand states that price and demand are directly related to each other
True
False
4 points
Question 61
"If the management increases the wages, the cost of production rises, the rise in prices result
causing wage price spiral and cost push inflation"
True
False
4 points
Question 62
"If the price of computers goes up, the demand for internet connections will fall."
True
False
4 points
Question 63
Price discrimination is studied under monopoly
True
False
4 points
Click Save and Submit to save and submit. Click Save All Answers to save all answers.
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