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70+ Economics and Banking for Tourism Management Solved MCQs

These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Tourism Studies (BTS) .

51.

Which is called Bank of India

A. SBI
B. SBT
C. ADB
D. RBI
Answer» D. RBI
52.

The want satisfying power of a commodity is known as______________

A. Demand
B. Utility
C. Scarcity
D. None of these
Answer» B. Utility
53.

An organization which accepts deposit that can be withdrawn as demark is known as_______

A. A firm
B. An institution
C. A bank
D. None of these
Answer» C. A bank
54.

Who is an employee of a bank who deals directly with most customers

A. Teller
B. Mick
C. ATM
D. None of these
Answer» A. Teller
55.

The rate at which the RBI lends short term money to the banks

A. Bank Rate
B. Repo rate
C. Credit rate
D. Reverse repo rate
Answer» B. Repo rate
56.

The rate at which banks park their short term excess liquidity with the RBI is known as

A. Repo rate
B. Reverse repo rate
C. Bank Rate
D. None of these
Answer» B. Reverse repo rate
57.

Bank rate is also known as ______________________

A. Discount rate
B. Credit rate
C. Repo rate
D. None of these
Answer» A. Discount rate
58.

An ATM card is a ________________card?

A. Credit Card
B. Debit Card
C. Bank card
D. None of these
Answer» B. Debit Card
59.

Expand PIN

A. Printing Identity Number
B. Personal Identification Number
C. Personal Identity Number
D. None of these
Answer» B. Personal Identification Number
60.

Which device sorts and counts coins at the same time

A. Coin Counter
B. Coin sorter
C. Micro fiche
D. None of thes
Answer» A. Coin Counter
61.

Which device sorts random collection of coins into separate bins for different dinominations

A. Coin sorter
B. Coin Counter
C. ATM
D. PIN
Answer» A. Coin sorter
62.

Break – even analysis is a technique of ____________________

A. Credit Planning
B. Profit Planning
C. Social Planning
D. None of these
Answer» B. Profit Planning
63.

In the long-run total cost is equal to ______________

A. TFC
B. TVC
C. MC
D. AFC
Answer» B. TVC
64.

Which costs are made once and for all and cannot be altered by varying the rate of output

A. Sunk cost
B. Book cost
C. Long-run cost
D. Explicit cost
Answer» A. Sunk cost
65.

Break-even analysis is also known as ______________

A. Profit analysis
B. Profit contribution analysis
C. Planning Analysis
D. None of these
Answer» B. Profit contribution analysis
66.

All material things which posses utility are called ________________

A. Services
B. Goods
C. Cost
D. None of these
Answer» B. Goods
67.

Those goods which posses utility,scarcity and transferability are called __________

A. Tangible Goods
B. Economic goods
C. Consumer Gods
D. None of these
Answer» B. Economic goods
68.

Capital goods are also known as ______________________

A. Producer’s goods
B. Consumer’s goods
C. Duable Goods
D. None of these
Answer» A. Producer’s goods
69.

At the point where MC is equal to AC, average cost is ________________

A. Maximum
B. Minimum
C. Peak Level
D. None of these
Answer» B. Minimum
70.

When the marginal ccost is rising the total cost is ______________

A. Increasing
B. Stagnant
C. Decreasing
D. None of these
Answer» A. Increasing
71.

An example for variable cost is

A. Rent of land
B. Muncipal Taxes
C. Insurance charge
D. Wages to casual laboures
Answer» D. Wages to casual laboures
72.

Increase in demand due to change in price is known as ________________

A. Construction in demand
B. Expansion in demand
C. Increase in demand
D. Decrease in demand
Answer» B. Expansion in demand

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