Professional Documents
Culture Documents
Question Paper – 1
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question By ' profits', the accountant means total revenue minus________.
Correct Answer Explicit costs
Your Answer Fixed costs
Division of society’s output of goods and services The theory of distribution The theory
of distribution
True/False
Question Contraction of supply is traced by the downward movement on the supply
curve
Correct Answer True
Your Answer False
True/False
Question Demand for luxury goods is inelastic
Managerial Economics
True/False
Question A supply schedule is a graphical presentation of supply patterns.
Managerial Economics
True/False
Question The distinction between fixed costs and variable costs is relevant in the short
period only.
Correct Answer True
Your Answer True
True/False
Question During the period of depression, a large part of a country’s resources lie
involuntarily idle.
Correct Answer True
Your Answer True
True/False
Question Under perfect competition, price is determined by the interaction of total
demand and total supply in the market.
Correct Answer False
Managerial Economics
True/False
Question Demand is related to price, time and place.
Correct Answer True
Your Answer True
True/False
Managerial Economics
True/False
Question The demand for life saving drugs is elastic.
Correct Answer False
Your Answer False
True/False
Question Bargaining is one of the remedies of corrective action.
Correct Answer False
Your Answer True
Question Paper – 2
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question Service sector in India dominates half of our national income.
Correct Answer True
Your Answer False
True/False
Question Important ingredients of the service industry are labour and knowledge.
Correct Answer True
Your Answer True
True/False
Question Insider trading issue is an important aspect of corporate governance.
Correct Answer True
Your Answer True
True/False
Question Learning from mistakes is often more powerful than learning from success.
Correct Answer True
Your Answer True
True/False
Question Emotional distress shrinks working memory.
Correct Answer True
Your Answer True
Vilfredo Pareto Referred to as 'The father of the social systems approach' to organization
and management Referred to as 'The father of the social systems approach' to
organization and management
True/False
Question Gita has nothing to do with leadership in management
Correct Answer False
Your Answer False
True/False
Question Delegation and decentralization are closely related to each other.
Correct Answer True
Your Answer True
Managerial Economics
True/False
Question Decentralization would be preferred in large sized units.
Correct Answer True
Your Answer True
True/False
Question Morale is the sum total of various physical qualities.
Correct Answer False
Your Answer False
Question Paper – 3
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Managerial Economics
Muna
Select The Blank
Question The cost which enter the accounts book of the firm are referred
as ________.
Correct Answer Accounting cost
Correct Answer Large Number of Firms , Homogeneous Product , Free entry and
Managerial Economics
Question Paper – 4
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Managerial Economics
True/False
Question Micro-economics is primarily concerned with the problem of
what, how and for whom to produce?
Correct Answer False
True/False
Question In a free-enterprise economy, the problems of what how and for
whom are solved by a planning committee
Correct Answer False
True/False
Question Pure (Net) profit contains an element of monopoly profit.
Question Paper – 5
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Managerial Economics
Nalin
True/False
Question The sum of total fixed costs and total variable costs is the total
cost.
Correct Answer True
True/False
Question During the phase of depression, the level of national income and
expenditure rises rapidly.
Correct Answer False
True/False
Question One of the most disturbing characteristics of free – market
economies is that waste of resources some times occurs
Correct Answer True
True/False
Question Measurement of profit becomes difficult because of the difficulty
involved in the calculation of depreciation.
Correct Answer True