M.com part 1 economics mcq pdf
M.com part 1 economics mcq pdf with answers mumbai university M.Com Part 1 Economics MCQ Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1 A tax is shifted ___________ to producers if the supply is inelastic relative to demand.A. backwardB. steeperC. forwardD. upwardANS: A 2 Price ceiling is a legal __________on the price at which a good can be sold. A. maximumB. minimumC. optimumD. efficientANS: A 3 The bandwagon effect makes the market demand curve for the commodity to be ______A. more elasticB. less elasticC. unitaryD. neutralANS: A 4 the Veblen effect also give rise to __________ which result in ‘Z’ shaped demand curveA. Giffen paradoxB. Veblen paradoxC. bandwagon effectD. index paradoxANS: B 5 in the equation Dx= a- b Px , a denotes the ________of the demand .A. scarcityB. slopeC. attributesD. costANS: A 6 ________price influences the supply of a commodity. A. ReservationB. OptimumC. NegativeD. EquilibriumANS: A 7 When demand is ______, price and total revenue move in the same direction . A. elasticB. unitary elasticC. inelasticD. perfect elasticANS: C 8 the demand for food items is _________A. inelasticB. elasticC. unitary elasticD. perfect inelasticANS: D 9 if demand is inelastic relative to supply, most of tax burden is shifted to _______A. sellerB. producerC. both seller and buyerD. consumersANS: D 10 when the government impose the price floor below the __________price , the price floor is not binding. A. reserveB. equilibriumC. supplyD. demandANS: A 11 the retail prices of all petroleum products based on ___________formula. A. international parityB. domestic parityC. SARC parityD. Asian parityANS: A 12 The convex indifference curve indicates _______ marginal rate of substitution. A. increasingB. constantC. upwardD. neutralANS: A 13 A _____________sloping price consumption curve indicates negative price effect. A. downwardB. horizontalC. forwardD. back wardANS: D 14 the compensatory variation in income method leaves the consumers on _______A. higher level of satisfactionB. same level of satisfactionC. lower level of satisfactionD. parallel level of satisfactionANS: B 15 Indifference curve sloped downward from left to right due to______ marginal rate of substitution.A. diminishingB. increasingC. neutralD. constantANS: A 16 Returns to scale determine the behavior of _________A. short run average costB. marginal costC. average fixed costD. long run average costANS: D 17 Which cost is incurred even if the company is closed? A. Sunk costB. Historical costC. Shutdown costD. Imputed costANS: C 18 Law of Variable proportion is applicable in_________A. AgricultureB. IndustriesC. long runD. agriculture and industryANS: D 19 The average product reached its maximum when _______A. marginal product is zeroB. there are increasing returns to scale.C. marginal cost is infinitely largeD. it is equal to marginal productANS: D 20 If marginal product is greater than average product, then as output is increased_______A. average product is unchangedB. Output cannot be increased in these circumstancesC. average product decreasesD. average product increasesANS: A 21 An isoquant is _______to an iso cost line at equilibrium point.A. convexB. perpendicularC. concaveD. tangentANS: D 22 Economies of scale are of two kinds______ 2A. Temporary and permanentB. Internal and externalC. Managerial and industrialD. Natural and artificialANS: B 23 Marginal cost is independent of_______A. fixed costB. average costC. variable costD. sunk costANS: A 24 Law of Variable proportion is applicable in________A. AgricultureB. IndustriesC. Only (a)D. Both (a) & (b)ANS: D 25 The production function includes all the _______methods of production. A. technically optimum B. technically efficientC. cost benefit methodD. cost out put method ANS: B If You Need Most Importance MCQ PDF Economics Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Telegram Group Mumbai Univeersity :- https://t.me/mumbaiuniversityidol Suraj Patel Education :- https://t.me/surajpateleducation F.Y.J.C EXAM :- https://t.me/FYJCexam S.Y.J.C EXAM :- https://t.me/SYJCexam F.Y EXAM :- https://t.me/fyexam S.Y EXAM :- https://t.me/syexam T.Y EXAM :- https://t.me/tyexam M.Com Part 1 EXAM :- https://t.me/McomPart1Exam M.Com Part 2 EXAM :- https://t.me/McomPart2Exam M.A EXAM :- https://t.me/mastudentsexam YouTube Channel https://www.youtube.com/channel/UCNxVWIrZ1JYB4y-bWXfaBAw Strategic Management https://www.mumbaiuniversityidol.com/2021/05/strategic-management-mcom-part-1-mcq-pdf.html https://www.mumbaiuniversityidol.com/2021/05/marketing-strategies-and-plans-mcom.html ECONOMICS OF GLOBAL TRADE AND FINANCE https://www.mumbaiuniversityidol.com/2021/05/mcom-part-1-economics-mcq-pdf-economics.html ADVANCED FINANCIAL ACCOUNTING https://www.mumbaiuniversityidol.com/2021/05/advanced-cost-accounting-mcom-part-1.html HUMAN RESOURCE MANAGEMENT https://www.surajpateleducation.com/2020/11/human-resource-management-mcom-part-1.html