McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Arts in Economics (MA Economics) .
| 1. |
Who were the pioneers in the field of SCPP (Structure-Conduct-Performance Paradigm)? |
| A. | mason and j s bain |
| B. | lucas and arrow |
| C. | friedman and barro |
| D. | smith and mill |
| Answer» A. mason and j s bain | |
| 2. |
What is referred to the degree of concentration within the industry? |
| A. | market structure |
| B. | market paradigm |
| C. | market concentration |
| D. | monopoly power |
| Answer» C. market concentration | |
| 3. |
Most commonly used indicator of concentration is |
| A. | gini coefficient |
| B. | coefficient of variation |
| C. | standard deviation |
| D. | quartile deviation |
| Answer» A. gini coefficient | |
| 4. |
Which indicator is the sum of square of ratio of firm size to industry size? |
| A. | laspeyers index |
| B. | paasches index |
| C. | fishers index |
| D. | herfindahl index |
| Answer» D. herfindahl index | |
| 5. |
Less elastic the demand for monopolist’s product, the degree of monopoly power would be ……., |
| A. | more |
| B. | less |
| C. | same |
| D. | zero |
| Answer» A. more | |
| 6. |
Whose index of monopoly power is given as p – mc/p? |
| A. | lerner’s index |
| B. | paasche’s index |
| C. | fisher’s index |
| D. | herfindahl index |
| Answer» A. lerner’s index | |
| 7. |
Which of the factor does not determine the elasticity of a firm’s product? |
| A. | elasticity of market demand |
| B. | number of firm |
| C. | nature of interaction |
| D. | transaction cost |
| Answer» D. transaction cost | |
| 8. |
The size of larger industry’s share in total industry sales is known as: |
| A. | gini coefficient |
| B. | concentration ratio |
| C. | standard deviation |
| D. | quartile deviation |
| Answer» A. gini coefficient | |
| 9. |
Backward integration is a form of ……… |
| A. | vertical integration |
| B. | horizontal integration |
| C. | forward integration |
| D. | none of these |
| Answer» A. vertical integration | |
| 10. |
An agreement that unites two existing companies into one is known as ….. |
| A. | merger |
| B. | oligopoly |
| C. | duopoly |
| D. | competition |
| Answer» A. merger | |
| 11. |
What is known as the technique of discovering the optimal placement for an industry? |
| A. | industry analysis |
| B. | optimal analysis |
| C. | location analysis |
| D. | none of these |
| Answer» C. location analysis | |
| 12. |
Which of these is a non-geographical factor influencing an industry’s location? |
| A. | raw material |
| B. | power |
| C. | transport |
| D. | capital |
| Answer» D. capital | |
| 13. |
Industrial inertia is an example of |
| A. | geographical factor |
| B. | non-geographical factor |
| C. | natural factor |
| D. | none of these |
| Answer» B. non-geographical factor | |
| 14. |
Who developed central place theory? |
| A. | walter chris |
| B. | j s bain |
| C. | friedman |
| D. | robert lucas |
| Answer» A. walter chris | |
| 15. |
Which city is known as “Manchestor of India”? |
| A. | ahmedabad |
| B. | mumbai |
| C. | gujarat |
| D. | delhi |
| Answer» A. ahmedabad | |
| 16. |
Which city is known as the “Silicon Valley” of India? |
| A. | bangalore |
| B. | delhi |
| C. | mumbai |
| D. | gujarat |
| Answer» A. bangalore | |
| 17. |
In which year was New Economic Policy introduced in India? |
| A. | 1991 |
| B. | 1981 |
| C. | 1971 |
| D. | 1998 |
| Answer» A. 1991 | |
| 18. |
Which was the first Iron and Steel plant in India |
| A. | tisco |
| B. | birla |
| C. | rorkela |
| D. | none of these |
| Answer» A. tisco | |
| 19. |
Time taken for an industry to set up a plant and to make it operational is called |
| A. | gestation period |
| B. | production period |
| C. | shut down period |
| D. | none of these |
| Answer» A. gestation period | |
| 20. |
…………. Is the speed with which working capital completes its round |
| A. | operating cycle |
| B. | input cycle |
| C. | gestation period |
| D. | shut down period |
| Answer» A. operating cycle | |
| 21. |
Shares and ploughing back profits are example of |
| A. | ownership funds |
| B. | borrowed funds |
| C. | none of these |
| D. | both of these |
| Answer» A. ownership funds | |
| 22. |
……….. measures the ability of a company to remain in business |
| A. | liquidity ratio |
| B. | activity ratio |
| C. | leverage ratio |
| D. | profitability ratio |
| Answer» A. liquidity ratio | |
| 23. |
………. Is a strong indicator of quality of management? |
| A. | liquidity ratio |
| B. | activity ratio |
| C. | leverage ratio |
| D. | profitability ratio |
| Answer» A. liquidity ratio | |
| 24. |
Which ratio shows the ability of a company to pay back its debts? |
| A. | liquidity ratio |
| B. | activity ratio |
| C. | leverage ratio |
| D. | profitability ratio |
| Answer» C. leverage ratio | |
| 25. |
………….. measures how well the company performs in generating the profits. |
| A. | liquidity ratio |
| B. | activity ratio |
| C. | leverage ratio |
| D. | profitability ratio |
| Answer» D. profitability ratio | |
| 26. |
Which one of the following does not come under liquidity ratio? |
| A. | cash coverage ratio |
| B. | current ratio |
| C. | quick ratio |
| D. | debt to equity ratio |
| Answer» D. debt to equity ratio | |
| 27. |
Which one of the following does not come under profitability ratio? |
| A. | gross profit ratio |
| B. | net profit ratio |
| C. | current ratio |
| D. | return on equity |
| Answer» C. current ratio | |
| 28. |
Which is a common method of measuring technological progress? |
| A. | solow residual |
| B. | total product |
| C. | average product |
| D. | gini coefficient |
| Answer» A. solow residual | |
| 29. |
……….. refers to the total productivity of all inputs taken together. |
| A. | total factor productivity |
| B. | marginal product |
| C. | average product |
| D. | average revenue |
| Answer» A. total factor productivity | |
| 30. |
Which type of efficiency combines resources with lowest average cost? |
| A. | allocative |
| B. | productive |
| C. | technical |
| D. | social |
| Answer» B. productive | |
| 31. |
Which efficiency is output maximization from given inputs? |
| A. | allocative |
| B. | productive |
| C. | technical |
| D. | social |
| Answer» A. allocative | |
| 32. |
Who developed the concept of X efficiency? |
| A. | h leibenstein |
| B. | r rodan |
| C. | nurkse |
| D. | lewis |
| Answer» A. h leibenstein | |
| 33. |
Who among the following are associated with dynamic efficiency? |
| A. | h leibenstein |
| B. | r rodan |
| C. | joseph schumpeter |
| D. | lewis |
| Answer» C. joseph schumpeter | |
| 34. |
Which efficiency takes in to account all the private and external cost and benefits? |
| A. | allocative |
| B. | productive |
| C. | technical |
| D. | social |
| Answer» D. social | |
| 35. |
Principal agent problem is commonly associated with which sector of the economy? |
| A. | private |
| B. | public |
| C. | both a and b |
| D. | none of these |
| Answer» A. private | |
| 36. |
The Lemons problem was first analysed by |
| A. | h leibenstein |
| B. | r rodan |
| C. | george akerlof |
| D. | lewis |
| Answer» C. george akerlof | |
| 37. |
What causes adverse selection problem? |
| A. | symmetric information |
| B. | asymmetric information |
| C. | none of these |
| D. | lack of demand and supply |
| Answer» B. asymmetric information | |
| 38. |
Which one of the following does not come under NEP? |
| A. | liberalization |
| B. | globalization |
| C. | privatization |
| D. | socialization |
| Answer» D. socialization | |
| 39. |
Which of these measures were not taken under LPG? |
| A. | disinvestment |
| B. | devaluation |
| C. | allowing fdi |
| D. | monopoly trade practices |
| Answer» D. monopoly trade practices | |
| 40. |
What is meant by globalization? |
| A. | integrating world into a global village |
| B. | allowing more private investment |
| C. | opening and liberalizing the economy |
| D. | none of these |
| Answer» A. integrating world into a global village | |
| 41. |
What is meant by liberalization? |
| A. | integrating world into a global village |
| B. | allowing more private investment |
| C. | opening and liberalizing the economy |
| D. | none of these |
| Answer» C. opening and liberalizing the economy | |
| 42. |
What is meant by privatization? |
| A. | integrating world into a global village |
| B. | allowing more private investment |
| C. | opening and liberalizing the economy |
| D. | none of these |
| Answer» B. allowing more private investment | |
| 43. |
Which among the following was introduced due to the Structural Adjustment Program? |
| A. | new economic policy |
| B. | new education policy |
| C. | industrial policy |
| D. | national health policy |
| Answer» A. new economic policy | |
| 44. |
Which international organisation had offered financial assistance to India during late 1980s? |
| A. | imf and world bank |
| B. | industrial finance corporation |
| C. | international labour organization |
| D. | food and agricultural organization |
| Answer» A. imf and world bank | |
| 45. |
Which market structure is characterized with one seller and large number of buyers? |
| A. | oligopoly |
| B. | monopoly |
| C. | monopolistic competition |
| D. | duopoly |
| Answer» B. monopoly | |
| 46. |
Why do government regulate monopolies? |
| A. | prevent excess prices |
| B. | promote competition |
| C. | promote welfare |
| D. | all of these |
| Answer» D. all of these | |
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