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. 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
