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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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