Business Economics Archives - Mumbai University Idol

Business Economics, F.Y.B.COM, Question Bank

Business economics fybcom sem 1 mcq pdf

surajp47263 / February 18, 2022

1. The monopoly firm faces a _____ demand curve. a. veritcle b. Upward slopping c. Kinked d. downward sloping ANS: D 2. An _____ firm does not face a definite demand curve. a. Monopolistic competition b. Monopoly c. Perfect Competition d. Oligopoly ANS: D 3. All of the following are determinants of demand except _____ a. Consumer income b. Price related to goods c. Quantity supplied d. Size of population ANS: C 4. A perfect competitive firm faces a _____ demand curve for its product. a. upward sloping b. downward sloping c. vertical straight line d. horizontal straight line ANS: D 5. The demand curve under monopoly is a _____ curve. a. upward sloping b. downward sloping c. horizontal straight line d. None of the above ANS: B 6. When demand is perfectly elastic, the demand curve is _____. a. horizontal straight line b. vertical straight line c. Steep d. None of the above ANS: A 7. _____ is the desire for a commodity which is backed by ability and willingness to pay its price. a. Demand b. Supply c. Demand function d. Supply function ANS: A 8. Under oligopoly the firm faces a _____ demand curve. a. horizontal b. vertical c. upward sloping d. Kinked (Indeterminate) ANS: D 9. An endless demand at the given price is the case of ______ demand. a. Relatively elastic b. Unitary elastic c. perfectly elastic d. None of these ANS: C 10. A steeper demand curve represent relatively ______ demand. a. elastic b. perfectly c. elastic inelastic d. unitary ANS: C 11. If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______. a. Unitary elastic b. Relatively elastic c. unitary d. perfectly elastic ANS: C 12. If two goods are unrelated to each other, then it is ______ cross elasticity of demand. a. None of the above b. Positive c. Negative d. zero ANS: D 13. Advertisement elasticity of demand is always ______. a. Negative b. positive c. zero d. None of the above ANS: B 14. Different ______ are indicated by differently sloping income demand curve. a. price elasiticity b. Income elasticities c. Elasticity of substitution d. None of these ANS: B 15. A vertical straight line demand curve implies ______ degree of price elasticity. a. Positive b. Negative c. None ot these d. zero ANS: D 16. Commodities which requires a large portion of consumer’s income tend to have ______ demand. a. perfectly elastic b. Zero c. inelastic d. elastic ANS: D 17. Jointly demanded goods tend to have ______ demand. a. inelastic b. perfectly elastic c. Relatively inelastic d. inelastic ANS: D 18. A flatter demand curve represent relatively ______ demand. a. elastic b. Relatively elastic c. None ot the above d. inelastic ANS: A 19. If elasticity of demand = 1, the marginal revenue is ______. a. zero b. Infinity c. Positive d. Negative ANS: A 20. Which could be a positive cross elasticity demand between Butter and Jam? a. 1 b. – 0.9 c. 0.9 d. 2 ANS: B 21. When demand is perfectly elastic, the demand curve is : a. Steep b. Non-linear c. Linear d. Horizontal straight line ANS: D

Business Economics, F.Y.B.COM, Question Bank

F.Y.B.com business economics sem 1 mcq with answers pdf

surajp47263 / January 30, 2022

FYBCOM – BUSINESS ECONOMICS EXAM SEN 1. MCQ QUESTION BANK 1. The monopoly firm faces a _____ demand curve. a. veritcle b. Upward slopping c. Kinked d. downward sloping ANS: D 2. An _____ firm does not face a definite demand curve. a. Monopolistic competition b. Monopoly c. Perfect Competition d. Oligopoly ANS: D 3. All of the following are determinants of demand except _____ a. Consumer income b. Price related to goods c. Quantity supplied d. Size of population ANS: C 4. A perfect competitive firm faces a _____ demand curve for its product. a. upward sloping b. downward sloping c. vertical straight line d. horizontal straight line ANS: D 5. The demand curve under monopoly is a _____ curve. a. upward sloping b. downward sloping c. horizontal straight line d. None of the above ANS: B 6. When demand is perfectly elastic, the demand curve is _____. a. horizontal straight line b. vertical straight line c. Steep d. None of the above ANS: A 7. _____ is the desire for a commodity which is backed by ability and willingness to pay its price. a. Demand b. Supply c. Demand function d. Supply function ANS: A 8. Under oligopoly the firm faces a _____ demand curve. a. horizontal b. vertical c. upward sloping d. Kinked (Indeterminate) ANS: D 9. An endless demand at the given price is the case of ______ demand. a. Relatively elastic b. Unitary elastic c. perfectly elastic d. None of these ANS: C 10. A steeper demand curve represent relatively ______ demand. a. elastic b. perfectly c. elastic inelastic d. unitary ANS: C 11. If income rise by 10%, demand too rise by 10%, then income elasticity of demand is ______. a. Unitary elastic b. Relatively elastic c. unitary d. perfectly elastic ANS: C 12. If two goods are unrelated to each other, then it is ______ cross elasticity of demand. a. None of the above b. Positive c. Negative d. zero ANS: D 13. Advertisement elasticity of demand is always ______. a. Negative b. positive c. zero d. None of the above ANS: B 14. Different ______ are indicated by differently sloping income demand curve. a. price elasiticity b. Income elasticities c. Elasticity of substitution d. None of these ANS: B 15. A vertical straight line demand curve implies ______ degree of price elasticity. a. Positive b. Negative c. None ot these d. zero ANS: D 16. Commodities which requires a large portion of consumer’s income tend to have ______ demand. a. perfectly elastic b. Zero c. inelastic d. elastic ANS: D 17. Jointly demanded goods tend to have ______ demand. a. inelastic b. perfectly elastic c. Relatively inelastic d. inelastic ANS: D 18. A flatter demand curve represent relatively ______ demand. a. elastic b. Relatively elastic c. None ot the above d. inelastic ANS: A 19. If elasticity of demand = 1, the marginal revenue is ______. a. zero b. Infinity c. Positive d. Negative ANS: A 20. Which could be a positive cross elasticity demand between Butter and Jam? a. 1 b. – 0.9 c. 0.9 d. 2 ANS: B 21. When demand is perfectly elastic, the demand

Business Economics, Economics of global trade and finance, M.COM PART 1, Question Bank

economics of global trade and finance m.com part 1 mcq pdf

surajp47263 / October 20, 2021

Mumbai University IDOL M.Com Part 1 Economics MCQ Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1. To promote and sustain mutual trade and cooperation among member countries is the main objective of _ A. SAQTA SAQTA B. SAPTA SAPTA C. SALTA SALTA D. SAMTA SAMTA ANS: B 2. Protection Policy includes __ A. only import substitution B. only export promotion. C. Import promotion and export substitution D. Import substitution and export promotion ANS: C 53. countries that r part of the — accept the same foreign duties A. free trade area B. customs union C. economic union D. sectoral integration ANS: B 54. in an open economy national income when I ANS: X <S ANS: M, …… A. contraction in national income takes place B. expansion in national income takes place C. equilibrium in national income takes place D. none of these ANS: C 55. Economic opportunities, conveniences, high wages, modern lifestyle are the _ of migration. A. Push factors B. Pull factors C. Economic factors D. Geographical factors ANS: C 56. Disputes in WTO are mainly about __ A. Broken images B. Broken dreams C. Broken phases D. Broken promises/rules ANS: D 57. Which of the following is not a form of intellectual property? A. Copyright B. Trademarks C. Geographical indications D. Personal secret ANS: C 58. which of the following statement is true A. export exposure leads to exchange risk B. exchange risk leads to export exposure C. exchange risk and export exposure are not related to each other D. None of these ANS: D 59.—was initially known as European common market (ECM) AND European economic community (EEC) A. European union B. Customs union C. free trade area D. preferential trading ANS: A 60.the headquarters of international monetary fund’s s in A. Manila B. Cairo C. Berlin D. Washington ANS: D 61.south Asian association for regional cooperation (SAARC) was established in A. December 1983 B. December 1984 C. December 1985 D. December 1986 ANS: C 62. Keynes Multiplier depends upon _ A. I + S I + S B. K=F(MPC) K=F(MPC) C. C + S C + S D. M + P M + P ANS: B 63. ……. is the first phase of dispute settlement body of WTO A. Execution B. consultation C. report presentation D. punitive action ANS: B 64. The expenditure chagrin policies to bring about internal and external balance are also termed as …… A. expenditure accommodating policies B. expenditure accustoming polices C. expenditure adapting policies D. expenditure adjustment policies ANS: B 65. Closed economy multiplier gets designated as K which is a function of …… A. MPC B. MPS C. MPC*MPS D. MPC/MPS ANS: D 66. Arbitrageur in a foreign exchange market ….. A. buys when the currency i low and sells when it is high B. Simultaneously buying and selling of currency with a view of making riskless profit C. buying at present rate and selling in future without considering its value D. but and selling only we markets are uncertain ANS: D 67. Where do MNCs choose to set up production? A. Cheap goods B. Cheap labour resources C. Economic sustainability D. None of these ANS: B 68. The role of _ adopted by developed countries have a big difficulty to developing countries. A. Free trade B. Protection Policy C. Export D. Dumping ANS: B 69. when a country suffers from deficit in the balance of payments the central bank– the bank rate A. do not change B. increase C. Decrease D. none of these ANS: D 70. according to modern economist’s trade liberalisation has increased — in market A. consumer dream B. Consumer theft C. Consumer choice D. consumer fight ANS: C 71. — results in a reduction in world production and consumption efficiency A. direct tax B. in direct tax C. Profit tax. D. export subsidy ANS: B 72. the value of foreign trade multiplier (KF) because of which the following leakage A. saving and investment B. saving and export C. Import and saving D. import and export ANS: D 73. which s the cause of the devaluation of any country currency A. increase in the domestic inflation rate B. Domestic real interest rates less than foreign interest rates C. Much increase in the incomes D. All of these ANS: D 74. Exchange rates …… A. are always fixed B. fluctuate to equate the quantity of foreign exchange demanded with the quantity supplied C. fluctuate to equate imports and exports D. fluctuate to equate of interest in various countries ANS: B 75. The developing countries in trade in textile wanted a fast phasing out if the — up under which the textile import have been restricted A. Multi fibred arrangements B. multi fibred agreement C. Multi fibred scheme D. multi fibred treaty ANS: A 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

Business Economics, Economics of global trade and finance, M.COM PART 1

M.com part 1 economics mcq pdf with answers

surajp47263 / October 5, 2021

Mumbai University IDOL M.Com Part 1 Economics MCQ Click Here https://www.surajpateleducation.com/2021/05/mcom-part-1-mcq-mumbai-university-mcom.html 1. international monetary funds has succeeded in resolving the issue of _ by establishing special drawing rights A. International debt B. international liquidity C. internal problems D. internal trade ANS: B 2. Keynes multiplier depends upon. A. IANS: s B. k=f (mps) C. cANS: s D. mANS: p ANS: B 3. poverty is workers economic inequality lack of employment opportunities are all considered as _ effect of migration A. push factors B. pull factors C. economic factors D. geographical factors ANS: C 4. ___ refers to the removal of trade restrictions and incentives from trade between nations A. trade liberalisation B. trade competition. C. trade restriction D. trade association ANS: A 5. classical economists like Adam smith and David Ricardo were in favors of A. open trade B. free trade C. restricted trade D. closed trade ANS: B 6. In meads model a country has to follow. _ in the exchange rate so as to combat surplus in the balance of payment A. appreciation B. depreciation C. devaluation D. Revaluation ANS: A 7. Headquarters of impf is in A. Manila B. Cairo C. Berlin D. Washington ANS: D 8. The foreign trade multiplier is a function of A. MPS- MPM B. MPS ANS: MPM C. MPS/MPM D. MPS* MPM ANS: B 9. helps to save scarce and precious foreign exchange A. unilateral quota B. import licensing C. mixing quota D. bilateral quota ANS: A 10. The statutory basis for administration of foreign exchange in India is A. foreign exchange regulation act 1930 B. foreign exchange management act 1999 C. foreign exchange regulation act 1947 D. exchange control manual ANS: A 11.which of d follow kind of investment is not a part of short term capital flow with regards to foreign capital A. Foreign bill of exchange B. Demand deposit C. Portfolio investment D. Overdraft ANS: B 12. in international trade the monopoly tendency appears in ……..form A. industry B. only dumping C. only cartel D. dumping and cartel ANS: D 13.foreign direct investment gives the economy A. productive B. Short term stability C. Long term stability. D. efficient ANS: C 14. Virtual organize are ….. on nature A. permanent B. temporary C. long term D. perpetual ANS: B 15. In a broader sense in tariff we include A. Only import duty B. Only export duty C. import duty, export duty and transit duty D. Import duty and transit duty ANS: C 16. Import quotas are adopted to _ the domestic goods price level. A. Increase B. Reduce C. Stabilize D. ignore ANS: C 17. ……. is one of the strategies for attracting and promoting foreign direct investment (FDI) A. supply chain B. internal trade C. mergers and acquisition d D. logistics ANS: A 18. __ is internationally known as the central bank of member countries. A. Asian Development Bank B. International Monetary Fund C. World Bank D. United Nations Organization ANS: A 19. the — fiscal policy combined with easy credit policy will place ample resources at the disposal of the government to finance public expenditure project and it will include the private investment which will add more quickly the output without borrowing A. Natural. B. tight C. easy D. None of these ANS: B 20. — s the function of the foreign exchange market to enter in to forward contract to sell the foreign exchange at a predetermined rate A. Transfer function B. Credit function C. hedging function D. none of these ANS: C 21. from which bank ASEAN receive financial assistance A. world bank B. Asia development bank C. National development bank D. bank of Japan ANS: B 22. …….. is a reason of outsourcing of activities by an organization A. clear outstanding dues B. focus on core activities C. provide training to employees D. create chaos ANS: B 23. in meads model simultaneous achievement of internal and external balance of economy the external balance curve positively sloped indicating that as exchange rate — domestic absorption must rise Ans vise vera. A. appreciate B. depreciates C. Devaluates D. Revaluates ANS: B 24. after the second world war many countries have used the — method to improve the balance of payments A. import quota. B. tariff C. dumping D. devaluation ANS: B 25. ___ retain the foreign bill of exchange till maturity and recover the full value of the foreign bill of exchange. A. Discount Houses B. Acceptable Houses C. Central Bank D. Commercial Banks ANS: A 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

Business Economics, M.COM PART 1, Question Bank

M.com part 1 economics mcq pdf

surajp47263 / September 12, 2021

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. backward B. steeper C. forward D. upward ANS: A 2 Price ceiling is a legal __________on the price at which a good can be sold. A. maximum B. minimum C. optimum D. efficient ANS: A 3 The bandwagon effect makes the market demand curve for the commodity to be ______ A. more elastic B. less elastic C. unitary D. neutral ANS: A 4 the Veblen effect also give rise to __________ which result in ‘Z’ shaped demand curve A. Giffen paradox B. Veblen paradox C. bandwagon effect D. index paradox ANS: B 5 in the equation Dx= a- b Px , a denotes the ________of the demand . A. scarcity B. slope C. attributes D. cost ANS: A 6 ________price influences the supply of a commodity. A. Reservation B. Optimum C. Negative D. Equilibrium ANS: A 7 When demand is ______, price and total revenue move in the same direction . A. elastic B. unitary elastic C. inelastic D. perfect elastic ANS: C 8 the demand for food items is _________ A. inelastic B. elastic C. unitary elastic D. perfect inelastic ANS: D 9 if demand is inelastic relative to supply, most of tax burden is shifted to _______ A. seller B. producer C. both seller and buyer D. consumers ANS: D 10 when the government impose the price floor below the __________price , the price floor is not binding. A. reserve B. equilibrium C. supply D. demand ANS: A 11 the retail prices of all petroleum products based on ___________formula. A. international parity B. domestic parity C. SARC parity D. Asian parity ANS: A 12 The convex indifference curve indicates _______ marginal rate of substitution. A. increasing B. constant C. upward D. neutral ANS: A 13 A _____________sloping price consumption curve indicates negative price effect. A. downward B. horizontal C. forward D. back ward ANS: D 14 the compensatory variation in income method leaves the consumers on _______ A. higher level of satisfaction B. same level of satisfaction C. lower level of satisfaction D. parallel level of satisfaction ANS: B 15 Indifference curve sloped downward from left to right due to______ marginal rate of substitution. A. diminishing B. increasing C. neutral D. constant ANS: A 16 Returns to scale determine the behavior of _________ A. short run average cost B. marginal cost C. average fixed cost D. long run average cost ANS: D 17 Which cost is incurred even if the company is closed? A. Sunk cost B. Historical cost C. Shutdown cost D. Imputed cost ANS: C 18 Law of Variable proportion is applicable in_________ A. Agriculture B. Industries C. long run D. agriculture and industry ANS: D 19 The average product reached its maximum when _______ A. marginal product is zero B. there are increasing returns to scale. C. marginal cost is infinitely large D. it is equal to marginal product ANS: D 20 If marginal product is greater than average product, then as output is increased_______ A. average product is unchanged B. Output cannot be increased in these circumstances C. average product decreases D. average product increases ANS: A 21 An isoquant is _______to an iso cost line at equilibrium point. A. convex B. perpendicular C. concave D. tangent ANS: D 22 Economies of scale are of two kinds______ 2 A. Temporary and permanent B. Internal and external C. Managerial and industrial D. Natural and artificial ANS: B 23 Marginal cost is independent of_______ A. fixed cost B. average cost C. variable cost D. sunk cost ANS: A 24 Law of Variable proportion is applicable in________ A. Agriculture B. Industries C. Only (a) D. Both (a) & (b) ANS: D 25 The production function includes all the _______methods of production. A. technically optimum B. technically efficient C. cost benefit method D. 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

Business Economics, F.Y.B.COM, Question Bank

Business Economics F.Y.B.com sem 1 pdf 2021

surajp47263 / August 18, 2021

Business Economics F.Y.B.com sem 1 1. The market demand schedule shows an _____ relationship between price and demand. a. direct b. No c. inverse d. none of these ANS: C 2. The market demand curve slopes _____. a. upwards b. Horizontal c. Vertical d. downward ANS: D 3. _____ refers to the total quantities of commodity offered for sale by all in producers. a. equilibrium price b. Market demand c. None of these d. market supply ANS: D 4. When the market schedule is plotted on a graph we get _____ curve. a. Equilibrium point b. Market demand c. None of these d. market supply ANS: D 5. The market supply curve slopes _____ to the right. a. downward b. upwards c. Vertical d. Horizontal ANS: A 6. The _____ is determined by the interaction of market demand and supply. a. market b. price c. equilibrium point d. none of these ANS: A 7. The point at which quantity demand equals to supply is the _____. a. equilibrium point b. none of these c. EVS d. FRM ANS: A 8. With an increase in supply, demand remaining unchanged, the equilibrium price _____. a. raised b. falls c. constant d. none of these ANS: B 9. Shift in the supply curve to the left will _____ the equilibrium price. a. no effect b. increase c. decreased d. none of these ANS: D 10. Shift in the supply curve to the left will increase the _____. a. Market demand b. equilibrium price c. Market supply d. none of these ANS: B 11. The market demand curve slopes _____ from left to right. a. downward b. upward c. horizontal d. vertical ANS: A 12. The market supply schedule shows _____ relationship between price and quantity supplied. a. inverse b. direct c. no d. none of these ANS: B 13. The point at which the quantity demanded equals supplied is the _____. a. total supply b. total demand c. equilibrium point d. none of these ANS: C 14. A case of increase in demand, supply remaining unchanged, the equilibrium price _____. a. rises b. falls c. constant d. none of these ANS: A 15. A case of decrease in supply, demand remaining unchanged, the equilibrium price _____. a. falls b. rises c. constant d. None of these ANS: B 16. As price _____ , quantity demanded decreases and quantity supplies increases. a. decreases b. increases c. remain constant d. None of these ANS: B 17. Market _____ is derived by adding up all the individual demand. a. demand b. supply c. price d. none of these ANS: A 18. Which of the following shows the relationship between the price of a good and the amount of the good that consumers want at that price? a. Supply curve b. Demand curve c. Supply schedule d. Production possibilities frontier ANS: B 19. The market clearing price is also called the ________. a. current price b. prevailing price c. equilibrium price d. None of the above ANS: C 20. A straight line demand curve implies _____ demand function. a. Linear b. Non– Linear c. Steep d. Vertical

Business Economics, Economics of global trade and finance, M.COM PART 1, Question Bank

Mumbai University IDOL Economics M.Com Part 1 MCQ PDF | Economics mcq questions and answers pdf

surajp47263 / June 1, 2021

Mumbai University IDOL 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. backward B. steeper C. forward D. upward ANS: A 2 Price ceiling is a legal __________on the price at which a good can be sold. A. maximum B. minimum C. optimum D. efficient ANS: A 3 The bandwagon effect makes the market demand curve for the commodity to be ______ A. more elastic B. less elastic C. unitary D. neutral ANS: A 4 the Veblen effect also give rise to __________ which result in ‘Z’ shaped demand curve A. Giffen paradox B. Veblen paradox C. bandwagon effect D. index paradox ANS: B 5 in the equation Dx= a- b Px , a denotes the ________of the demand . A. scarcity B. slope C. attributes D. cost ANS: A 6 ________price influences the supply of a commodity. A. Reservation B. Optimum C. Negative D. Equilibrium ANS: A 7 When demand is ______, price and total revenue move in the same direction . A. elastic B. unitary elastic C. inelastic D. perfect elastic ANS: C 8 the demand for food items is _________ A. inelastic B. elastic C. unitary elastic D. perfect inelastic ANS: D 9 if demand is inelastic relative to supply, most of tax burden is shifted to _______ A. seller B. producer C. both seller and buyer D. consumers ANS: D 10 when the government impose the price floor below the __________price , the price floor is not binding. A. reserve B. equilibrium C. supply D. demand ANS: A 11 the retail prices of all petroleum products based on ___________formula. A. international parity B. domestic parity C. SARC parity D. Asian parity ANS: A 12 The convex indifference curve indicates _______ marginal rate of substitution. A. increasing B. constant C. upward D. neutral ANS: A 13 A _____________sloping price consumption curve indicates negative price effect. A. downward B. horizontal C. forward D. back ward ANS: D 14 the compensatory variation in income method leaves the consumers on _______ A. higher level of satisfaction B. same level of satisfaction C. lower level of satisfaction D. parallel level of satisfactionANS: B 15 Indifference curve sloped downward from left to right due to______ marginal rate of substitution. A. diminishing B. increasing C. neutral D. constant ANS: A 16 Returns to scale determine the behavior of _________ A. short run average cost B. marginal cost C. average fixed cost D. long run average cost ANS: D 17 Which cost is incurred even if the company is closed? A. Sunk cost B. Historical cost C. Shutdown cost D. Imputed cost ANS: C 18 Law of Variable proportion is applicable in_________ A. Agriculture B. Industries C. long run D. agriculture and industry ANS: D 19 The average product reached its maximum when _______ A. marginal product is zero B. there are increasing returns to scale. C. marginal cost is infinitely large D. it is equal to marginal product ANS: D 20 If marginal product is greater than average product, then as output is increased_______ A. average product is unchanged B. Output cannot be increased in these circumstances C. average product decreases D. average product increases ANS: A 21 An isoquant is _______to an iso cost line at equilibrium point. A. convex B. perpendicular C. concave D. tangent ANS: D 22 Economies of scale are of two kinds______ 2 A. Temporary and permanent B. Internal and external C. Managerial and industrial D. Natural and artificial ANS: B 23 Marginal cost is independent of_______ A. fixed cost B. average cost C. variable cost D. sunk cost ANS: A 24 Law of Variable proportion is applicable in________ A. Agriculture B. Industries C. Only (a) D. Both (a) & (b) ANS: D 25 The production function includes all the _______methods of production. A. technically optimum B. technically efficient C. cost benefit method D. 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

Business Economics, F.Y.B.COM, Question Bank

FYBCOM MCQ FOR BUSINESS ECONOMICS , ONLINE EXAM BUSINESS ECONOMICS F.Y.B.COM MCQ PDF

surajp47263 / April 28, 2021

FYBCOM – BUSINESS ECONOMICS MCQ QUESTION BANK FOR PRACTICE 1………..is characteristic of perfect competition. A. Single seller B. Selling cost C. Kinked demand curve D. Perfect information ANS: D 2. Under perfect competition firm is———— A. Price maker B. Price taker C. Product differentiated D. Price rigidity ANS: B 3. A monopoly producer usually earns ——– A. Super normal profit B. Neither profit nor loss C. Only normal profit D. Profit and loss which are uncertain ANS: A 4. Under perfect competition firm demand curve is ——– A. Vertical B. Horizontal C. Upward D. Downward ANS: B 5. The following industry often is a monopoly———– A. Cigarette industry B. Publishing industry C. Drug industry D. Electric power industry ANS: D 6. Under monopoly the slope of AR curve is ———— A. Upward sloping B. Downward sloping C. Horizontal sloping D. Verticalsloping ANS: B 7. Copyright related to———————- monopoly A. Natural monopoly B. Legal monopoly C. Technology monopoly D. Control over resources monopoly ANS: B 8. Firms in monopolistic competition make products that are…….. A. Close but not perfect substitute B. Perfect substitute C. Close but not perfect complements D. Perfect complements ANS: A 9. Price rigidity is a characteristic of ——— A. Monopoly B. Perfect competition C. Monopolistic competition D. Oligopoly ANS: D 10. In oligopolistic markets ……………. A. There are many firms B. There are a only few firms C. There are no barriers to entry D. All firms are price takers ANS: B 11. Game theory proves most useful for analyzing — A. Monopoly B. Perfect competition C. Monopolistic competition D. Oligopoly ANS: D 12. Kinked demand curve is associated with ————- A. Cournot B. Chamberlin C. Edgeworth D. Sweezy ANS: D 13. A monopolistic firm will expand its output when ———— A. MR >MC B. MC > MR C. MC = MR D. MR is negative ANS: A 14. Upper portion of the kinked demand curve is relatively ————- A. More inelastic B. More elastic C. Less elastic D. Less inelastic ANS: B 15. Selling costs have to be incurred in case of————- A. Oligopoly B. Monopolistic competition C. Monopoly D. Duopoly ANS: B 16. Supernormal profit means……. A. TR = TC B.TR>TC C.TR<TC D. TC > AC ANS: B 17. The refrigerator industry is an example of ————– A. Perfect competition B. Monopoly C. Oligopoly D. Monopolistic competition ANS: C 18. The monopolistic firm sale 100 unit of output at a price Rs. 10 per unit, total cost of production 100 units is Rs.1200 . What is loss of firm? A. 300 B. 200 C. 100 D. 400 ANS: B 19. Which of the following characteristics is always present in an oligopolistic industry? A. Non price competition B. Collusion C. Price stability D. Interdependence between firms ANS: D 20. Under oligopoly market if one firm reduces the price of product then other firm also —– A. Increase price B. Reduce price C. Stay original price D. Regular ANS: B 21. Cost plus pricing is also called——– A. Transfer pricing B. Marginal cost pricing C. Full cost pricing D. Average cost pricing ANS: C 22. Marginal cost pricing generally followed by……… A. Private enterprises B. Small and medium enterprises C. Public sector enterprises D. Large Private MNCs ANS: C 23 .Which pricing strategy uses various class distinctions? A. Marginal cost pricing B. Price discrimination C. Product line pricing D. Mark-up pricing ANS: C 24. Marginal cost pricing may be charged for which of the following reasons? A. Maximizing profit B. To control monopoly C. Minimizing losses D. Prevent shut down of the firm ANS: B 25. While determining the full cost price, the firm uses ——— A. Fully allocated average cost B. only AVC C. Only overhead cost D. Marginal cost ANS: A If You Need Most Importance MCQ PDF ECONOMICS Question Bank Than Pay Rs 100 Only Contact 8652719712 / 8779537141 Join 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 F.Y.B.COM Other Subject MCQ FINANCIAL MANAGMENT F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/financial-managment-fybcom-mcq-pdf.html BUSINESS COMMUNICATION F.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/business-communication-fybcom-mcq-pdf.html F.Y.B.COM Mathematical and Statistical Techniques MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-mathematical-and-statistical.html F.Y.B.Com Commerce MCQ PDF https://www.surajpateleducation.com/2021/01/fybcom-commerce-mcq-pdf.html

Business Economics, Question Bank, S.Y.B.COM

S.Y.B.COM Business Economics MCQ PDF , Business Economics S.Y.B.COM MCQ PDF

surajp47263 / April 28, 2021

S.Y.B.COM Business Economics BEST MCQ Q. 1 Public finance is the _________________ a) Social Science b) Fiscal Science c) Government Science d) Political Science ANS: B Q.2 ________ is the study of the role of the government in the economy. a) Public Revenue b) Public Expenditure c) Public Finance d) Public Investment ANS: C Q.3 Public Finance does not include__________ a) Public Revenue b) Public debt c) Public expenditure d) Private savings ANS: D Q.4 Who deals with income and expenditure of public authorities? a) Public finance b) Private finance c) Local government d) Entrepreneurs ANS: A Q.5 Public finance deals with which of the following aspect of government? a) Social b) Political c) Financial d) Human ANS: C Q.6 _____ is concerned with the division of income and wealth among its people in a society. a) Allocation function b) Growth function c) Stabilization function d) Distribution function ANS: D Q.7 Social advantage is maximum when_______________ a) Total social benefits are equal to total social sacrifice b) Total social benefits equal to marginal social sacrifice c) Marginal social benefits equals to marginal social sacrifice d) Marginal social benefits minus marginal social sacrifice ANS: C Q.8 The principle of maximum social advantage is associated with_________ a) Prof. Dalton b) Hicks c) Pigou d) Keynes ANS: A Q.9 Who has used the term ‘the maximum welfare’ instead of “maximum social advantage”. a) Prof. Dalton b) Prof. Keynes c) David Ricardo d) Prof. Musgrave ANS: D Q.10 Which is the measurement of social advantage? a) Provision for posterity b) Improvement of labour productivity c) Economic stability d) Public expenditure ANS: D Q.11 The size of the budget is less than the optimum, when__________ a) Marginal Social Benefit > Marginal Social Sacrifice b) Marginal Social Benefit < Marginal Social Sacrifice c) Marginal Social Benefit = Marginal Social Sacrifice d) Marginal Social Benefit ≠ Marginal Social Sacrifice ANS: B Q.12 Public expenditure is subject to diminishing ________ a) Marginal Social Sacrifice b) Marginal Social Benefit c) Marginal Social Investment d) Marginal Social Savings ANS: B Q.13 Taxes are subject to increasing __________ a) Marginal Social Sacrifice b) Marginal Social Benefit c) Marginal Social Revenue d) Marginal Social Expenditure ANS: A Q.14 Tests of maximum social advantage have been suggested by ________ a) Pigou b) Musgrave c) Dalton d) Adam Smith ANS: C Q.15 According to the Principle of Maximum Social Advantage, Public Expenditure is subject to __________ a) Diminishing Marginal Returns b) Diminishing Marginal Productivity c) Diminishing Marginal Utility d) Increasing Marginal Utility ANS: C Q.16 PPP- curve is illustrated to explain_____________ a) Economic efficiency b) Government role c) Government policy d) Government Revenue ANS: A Q. 17 Public goods are _________ in consumption a) Exclusionary b) Non-exclusionary c) Rivalry d) Monopoly goods ANS: B Q.18 Following is not the cause of market failure__________ a) Public goods b) Natural monopoly c) Externalities d) Profit ratio ANS: D Q.19 Production possibility curve is also referred as ___________ a) Production- possibility frontier b) Consumer curve c) Producer curve d) Demand curve ANS: A Q.20 ________ introduced the concept of production possibility curve a) Prof. Alfred Marshall b) Prof. Paul Samuelson c) Prof. Baumol d) Prof. Peter Drucker ANS: B Q.21 Which of the following is a characteristic of a direct tax? a) The impact and incidence are on the same person b) Incidence may be shifted c) Greater burden on the poor than the rich d) Major source of revenue in a developing country ANS: A Q.22 Which of the following is not a part of administrative revenues? a) Fees b) Fines and penalties c) Special assessment d) Surpluses of public enterprises ANS: D Q.23 _______ is not the characteristic of tax a) Compulsory payment b) Levied on commodity/income c) Involves sacrifice d) Quid-pro-quo ANS: D Q.24 ________ is an example of administrative non-tax revenue. a) Grants b) Gifts c) Fees d) Profits from public enterprises ANS: C Q.25 Special assessment is also known as___________ a) VAT b) Tax revenue c) Betterment levy d) Indirect burden ANS: C 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 S.Y.B.COM Other Subject MCQ Foundation Course S.Y.Bcom MCQ https://www.surajpateleducation.com/2020/12/foundation-course-sybcom-mcq.html Business Economics S.Y.B.Com Students MCQ https://www.surajpateleducation.com/2020/10/business-economics-sybcom-students-mcq.html Company Law MCQ PDF https://www.surajpateleducation.com/2020/12/company-law-mcq-pdf.html COMMERCE S.Y.B.COM MCQ PDF https://www.surajpateleducation.com/2020/12/commerce-sybcom-mcq-pdf.html Management Accounts S.Y.B.COM IMPORTANCES MCQ PDF https://www.surajpateleducation.com/2020/12/Management-Accounts%20-S.Y.B.COM-IMPORTANCES-MCQ-PDF.html

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