![Mcqmate logo](https://mcqmate.com/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/images/logos/logo-white.png)
McqMate
1. |
Demand for a commodity refers to: |
A. | Need for the commodity |
B. | Desire for the commodity |
C. | Amount of the commodity demanded at a particular price and at a particular time |
D. | Quantity demanded of that commodity |
Answer» C. Amount of the commodity demanded at a particular price and at a particular time |
2. |
If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to: |
A. | Increase |
B. | Decrease |
C. | Remain the same |
D. | Become zero |
Answer» A. Increase |
3. |
Income elasticity of demand is defined as the responsiveness of: |
A. | Quantity demanded to a change in income |
B. | Quantity demanded to a change in price |
C. | Price to a change in income |
D. | Income to a change in quantity demanded |
Answer» A. Quantity demanded to a change in income |
4. |
The supply of a good refers to: |
A. | Stock available for sale |
B. | Total stock in the warehouse |
C. | Actual Production of the goo |
D. | D. Quantity of the good offered for sale at a particular price per unit of time |
Answer» D. D. Quantity of the good offered for sale at a particular price per unit of time |
5. |
In the short run, when the output of a firm increases, its average fixed cost: |
A. | Remains constant |
B. | Decreases |
C. | Increases |
D. | First decreases and then rises |
Answer» B. Decreases |
6. |
The cost of one thing in terms of the alternative given up is called: |
A. | Real cost |
B. | Production cost |
C. | Physical cost |
D. | Opportunity cost |
Answer» D. Opportunity cost |
7. |
In which of the following market structure is the degree of control over the price of its product by a firm very large? |
A. | Imperfect competition |
B. | Perfect competition |
C. | Monopoly |
D. | In A and B both |
Answer» C. Monopoly |
8. |
Demand for factors of production is: |
A. | Derived demand |
B. | Joint demand |
C. | Composite deman |
D. | D None of the above |
Answer» A. Derived demand |
9. |
The producer’s demand for a factor of production is governed by the ___ of that factor. |
A. | Price |
B. | Marginal productivity |
C. | Availability |
D. | Profitability |
Answer» B. Marginal productivity |
10. |
Who is the ‘lender of the last resort’ in the banking structure of India? |
A. | State Bank of India |
B. | Reserve Bank of India |
C. | EXIM Bank of India |
D. | Union Bank of India |
Answer» B. Reserve Bank of India |
11. |
____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks. |
A. | Repo rate |
B. | Bank rate |
C. | Prime lending rate |
D. | Reverse repo rate |
Answer» B. Bank rate |
12. |
Which among the following is a function of the Reserve Bank of India? |
A. | Bank issues the letters of credit to their customers certifying their creditability |
B. | Collecting and compilation of statistical information relating to banking & other financial sectors |
C. | Banks under write the securities issued by public or private organizations |
D. | Accepting deposits from the public |
Answer» B. Collecting and compilation of statistical information relating to banking & other financial sectors |
13. |
The following is the direct tax among: |
A. | House tax |
B. | Entertainment tax |
C. | Service tax |
D. | Value added tax |
Answer» A. House tax |
14. |
Which among the following is a cause of inflation? |
A. | Deficit financing |
B. | Rise in external loans |
C. | Unfavorable balance of payment |
D. | A hike in the CRR by the central bank of the country |
Answer» A. Deficit financing |
15. |
The capital that is consumed by an economy or a firm in the production process is known as: |
A. | Capital loss |
B. | Production cost |
C. | Dead-weight loss |
D. | Depreciation |
Answer» D. Depreciation |
16. |
Which of the following is also known as International Bank for Reconstruction and Development? |
A. | Asian Development Bank |
B. | World Bank |
C. | Reserve Bank of India |
D. | International Monetary Fund |
Answer» B. World Bank |
17. |
A change in fiscal policy affects the balance of payments through: |
A. | The current account only |
B. | The capital account only |
C. | Both, the current account and capital account |
D. | Neither current account nor capital account |
Answer» C. Both, the current account and capital account |
18. |
Fiscal Policy means: |
A. | Policy relating to money and banking in a country |
B. | Policy relating to non-banking financial institutions |
C. | Policy relating to government spending’ taxation and borrowing |
D. | Policy relating to financial matters of international trade |
Answer» C. Policy relating to government spending’ taxation and borrowing |
19. |
Which one of the following is NOT the objective of fiscal policy of government of India? |
A. | Full employment |
B. | Price stability |
C. | Regulation of inter-state trade |
D. | Economic growth |
Answer» C. Regulation of inter-state trade |
20. |
Monetary policy is implemented by in India. |
A. | The Ministry of Finance |
B. | Planning Commission |
C. | The Parliament |
D. | Reserve Bank of India |
Answer» D. Reserve Bank of India |
21. |
The most simple and popular method of measuring economic development is to calculate the trend of gross national product (GNP) at __________ |
A. | Current prices |
B. | Constant prices |
C. | Both of the above |
D. | None of the above |
Answer» B. Constant prices |
22. |
By __ growth rate of an economy can be speeded up. |
A. | Investment in share market |
B. | Investment abroad |
C. | Investment in human capital formation |
D. | Investment in primary sector |
Answer» C. Investment in human capital formation |
23. |
When national income is calculated with reference to a base year, it is called: |
A. | Nominal national income |
B. | Net national income |
C. | Real national income |
D. | Gross national income |
Answer» C. Real national income |
24. |
Which market structure symbolizes the existence of ‘few sellers’? |
A. | Oligopoly |
B. | Monopoly |
C. | Monopolistic competition |
D. | Perfect competition |
Answer» A. Oligopoly |
25. |
Which among the following are the factors that determine the national income of a country? |
A. | Quantity and Quality of factors of production |
B. | The state of technical knowledge |
C. | Economic and political stability |
D. | All of the above |
Answer» D. All of the above |
26. |
Management is a creative and ________ process. |
A. | Continuous |
B. | Technical |
C. | Democratic |
D. | None of the above |
Answer» A. Continuous |
27. |
Which type of strategies do professional managers help organizations in chalking out? |
A. | Multi-disciplinary |
B. | Corporate |
C. | Managerial |
D. | All of the above |
Answer» B. Corporate |
28. |
Management exists at the ______ level of the organization. |
A. | Lower |
B. | Middle |
C. | Top |
D. | All of the above |
Answer» D. All of the above |
29. |
Management is said to be the combination of |
A. | Arts, science and profession |
B. | Arts, science and engineering |
C. | Arts, commerce and science |
D. | Arts, commerce and engineering |
Answer» A. Arts, science and profession |
30. |
______ is supposed to be immutable, unchanging and eternal. |
A. | Policy |
B. | Vision |
C. | Mission |
D. | All of the above |
Answer» A. Policy |
31. |
Positive motivation makes people willing to do their work in the best way they can and improve their ________. |
A. | Productivity |
B. | Personality |
C. | Performance |
D. | All of the above |
Answer» C. Performance |
32. |
The objective in corporate governance is |
A. | Shareholder value maximization |
B. | Growth |
C. | Stability |
D. | All of the above |
Answer» D. All of the above |
33. |
The heart of administration is the _____ function. |
A. | Directing |
B. | Organizing |
C. | Controlling |
D. | Cooperating |
Answer» A. Directing |
34. |
Direction is a ________ function performed by all the managers at all levels of the organization. |
A. | Managerial |
B. | Organizational |
C. | Both A and B |
D. | None of the above |
Answer» A. Managerial |
35. |
_______ is a tool for corporate governance. |
A. | Training |
B. | Recruitment |
C. | Communication |
D. | Consulting |
Answer» C. Communication |
36. |
The internal environment factor that influence management is |
A. | Labor |
B. | Machines |
C. | Place |
D. | All of the above |
Answer» D. All of the above |
37. |
Management is said to be the combination of three factors, arts, science and the third is |
A. | Profession |
B. | Authority |
C. | Communication |
D. | None of the above |
Answer» A. Profession |
38. |
One of the popular forecast is |
A. | Technological |
B. | Economi |
C. | C Deman |
D. | D None of the above |
Answer» C. C Deman |
39. |
Limitation of business planning is |
A. | Time consuming |
B. | Expensive device |
C. | Heavy cost of planning |
D. | All of the above |
Answer» D. All of the above |
40. |
In management process, the most misinterpreted word is |
A. | Organizing |
B. | Delegating |
C. | Controlling |
D. | Planning |
Answer» A. Organizing |
41. |
Management as a discipline is the function of ____. |
A. | Science |
B. | Art |
C. | Creativity |
D. | All of the above |
Answer» C. Creativity |
42. |
The word _______ denotes a function, a task, a discipline. |
A. | Management |
B. | Leadership |
C. | Motivation |
D. | None of the above |
Answer» A. Management |
43. |
Costliness of the ________ is the overriding factor determining the extent of decentralization. |
A. | Decision |
B. | Staffing |
C. | Controlling |
D. | Managing |
Answer» A. Decision |
44. |
______ is a tool for corporate governance. |
A. | Management |
B. | Communication |
C. | Coordination |
D. | All of the above |
Answer» B. Communication |
45. |
The higher the ________ level of the employee, the lower the job satisfaction. |
A. | Managerial |
B. | Educational |
C. | Satisfaction |
D. | None of the above |
Answer» B. Educational |
46. |
Management is a creative and ________ process. |
A. | Systematic |
B. | Continuous |
C. | Long |
D. | None of the above |
Answer» B. Continuous |
47. |
Economics is a study of wealth(Assets) said by _____. |
A. | Adam smith |
B. | Alfred marshall |
C. | Lionel robbins |
D. | None of the above |
Answer» A. Adam smith |
48. |
In concept of Economics, Macro means _____. |
A. | Small |
B. | Large |
C. | Middle |
D. | All of the above |
Answer» B. Large |
49. |
In concept of Economics, Micro means _____. |
A. | Small |
B. | Large |
C. | Middle |
D. | All of the above |
Answer» A. Small |
50. |
Quantity of a product people are willing to buy at a certain price is known as ______. |
A. | Supply |
B. | Supply relationship |
C. | Deman |
D. | D Demand relationship |
Answer» C. Deman |
51. |
Quantity of a certain goods producers are willing to supply when receiving a certain price is known as ______. |
A. | Supply |
B. | Supply relationship |
C. | Deman |
D. | D Demand relationship |
Answer» A. Supply |
52. |
A point where the quantity of goods being supplied is exactly the same as the quantity of goods being demanded is known as _______ |
A. | Demand quantity |
B. | Supply Quantity |
C. | Both A and B |
D. | Equilibrium |
Answer» D. Equilibrium |
53. |
If all other factors remain equal, the higher the price of a good, the fewer people will demand that good means what? |
A. | The law of demand |
B. | The law of supply |
C. | All A and B |
D. | None of the above |
Answer» A. The law of demand |
54. |
Producers supply more at a higher price because selling more quantity at higher price increase revenue means what? |
A. | The law of demand |
B. | The law of supply |
C. | All A and B |
D. | None of the above |
Answer» B. The law of supply |
55. |
Which are the factors of production? |
A. | Land |
B. | Labor |
C. | Capital |
D. | All of the above |
Answer» D. All of the above |
56. |
Which is the stages of law of variable proportions? |
A. | Increasing returns |
B. | Decreasing returns |
C. | Negative Marginal returns |
D. | All of the above |
Answer» D. All of the above |
57. |
Which is the stages of law of returns to scale? |
A. | Increasing returns to scale |
B. | Constant returns to scale |
C. | Diminishing returns to scale |
D. | All of the above |
Answer» D. All of the above |
58. |
Which is not a part of cost? |
A. | Total Cost |
B. | Average cost |
C. | Changeable Cost |
D. | Sunk Cost |
Answer» C. Changeable Cost |
59. |
To find out cut-off production volume means no profit no loss which concept is used? |
A. | Law of variable proportion |
B. | Break-Even Analysis |
C. | Law of returns to scale |
D. | None of the above |
Answer» B. Break-Even Analysis |
60. |
Total Cost equals to ______. |
A. | Total cost = total fixed cost + total variable cost |
B. | Total cost = total fixed cost + total marginal cost |
C. | Total cost = total variable cost + total marginal cost |
D. | None of the above |
Answer» A. Total cost = total fixed cost + total variable cost |
61. |
Where is exchange of goods and services take place? |
A. | Company |
B. | Production |
C. | Market |
D. | None of the above |
Answer» C. Market |
62. |
Which is the type of market? |
A. | Monopoly |
B. | Oligopoly |
C. | Perfect competition |
D. | All of the above |
Answer» D. All of the above |
63. |
_______ refers to a market with a single seller. |
A. | Monopoly |
B. | Oligopoly |
C. | Perfect competition |
D. | All of the above |
Answer» A. Monopoly |
64. |
Full form of GNP. |
A. | Gross Natural Price |
B. | Global Natural Product |
C. | Global National Price |
D. | Gross National Product |
Answer» D. Gross National Product |
65. |
Full form of GDP. |
A. | Gross Domestic Products |
B. | Global Domestic Products |
C. | Gross Domestic Price |
D. | Global Domestic Price |
Answer» A. Gross Domestic Products |
66. |
What is Disposable Personal Income? |
A. | DPI = PI – Income Tax paid |
B. | DPI = Income Tax paid – PI |
C. | DPI = PI – PI |
D. | None of the above |
Answer» A. DPI = PI – Income Tax paid |
67. |
_______ is about not having enough money to meet basic needs including Food, Clothing and Home. |
A. | Poverty |
B. | Labor |
C. | Unemployment |
D. | None of the above |
Answer» A. Poverty |
68. |
A situation in which a person is jobless is knows as _____. |
A. | Poverty |
B. | Labor |
C. | Unemployment |
D. | None of the above |
Answer» C. Unemployment |
69. |
Which is the types of unemployment? |
A. | Cyclical unemployment |
B. | Structural unemployment |
C. | Seasonal unemployment |
D. | All of the above |
Answer» D. All of the above |
70. |
______ is defined as a continuous increase in the general level of prices for goods and services |
A. | Poverty |
B. | Inflation |
C. | Unemployment |
D. | None of the above |
Answer» B. Inflation |
71. |
_______ is an economic good that acts as a medium of exchange in transaction. |
A. | Money |
B. | Production |
C. | Equipment |
D. | None of the above |
Answer» A. Money |
72. |
Identify the function of money. |
A. | Medium of exchange |
B. | Measure of value |
C. | Store of value |
D. | All of the above |
Answer» D. All of the above |
73. |
Which one is known as plastic money? |
A. | Coin |
B. | Printed currency note |
C. | Credit or Debit cards |
D. | All of the above |
Answer» C. Credit or Debit cards |
74. |
From which policy government adjusts its spending levels and tax rates to monitor and influence a nation’s economy. |
A. | Fiscal policy |
B. | Government policy |
C. | RBI policy |
D. | None of the above |
Answer» A. Fiscal policy |
75. |
Financial activities done by bank is called _____. |
A. | Transaction |
B. | Operation |
C. | Banking |
D. | None of the above |
Answer» C. Banking |
76. |
Which is the function of bank? |
A. | Acceptance of Deposits |
B. | Advances of Loans |
C. | Both A and B |
D. | None of the above |
Answer» C. Both A and B |
77. |
______ is India’s central banking institution, which controls the monetary policy of the Indian rupee. |
A. | RBI |
B. | CBI |
C. | SBI |
D. | All of the above |
Answer» A. RBI |
78. |
Which is the function of RBI? |
A. | Issue of currency notes |
B. | Banker to government |
C. | Controller of credit |
D. | All of the above |
Answer» D. All of the above |
79. |
________ is a science as well as an art. |
A. | Management |
B. | Production |
C. | Banking |
D. | None of the above |
Answer» A. Management |
80. |
Which is types of Management? |
A. | Top management |
B. | Middle level management |
C. | Lower level management |
D. | All of the above |
Answer» D. All of the above |
81. |
______ is the ultimate source of authority. |
A. | Top management |
B. | Middle level management |
C. | Lower level management |
D. | All of the above |
Answer» A. Top management |
82. |
Which is the skills of management? |
A. | Conceptual skills |
B. | Human skills |
C. | Technical skill |
D. | All of the above |
Answer» D. All of the above |
83. |
Which is the principles of management? |
A. | Division of work |
B. | Authority and responsibility |
C. | Unity of Direction |
D. | All of the above |
Answer» D. All of the above |
84. |
Which is the function of management? |
A. | Planning |
B. | Organizing |
C. | Staffing |
D. | All of the above |
Answer» D. All of the above |
85. |
_______ is function of management. |
A. | Production |
B. | Staffing |
C. | Transaction |
D. | None of the above |
Answer» B. Staffing |
86. |
______ is an organized group of people with a particular purpose. |
A. | Organization |
B. | Management |
C. | Company |
D. | None of the above |
Answer» A. Organization |
87. |
Which one is the characteristics of organization? |
A. | Assigning the duties |
B. | Division of work |
C. | Coordination |
D. | All of the above |
Answer» D. All of the above |
88. |
Function of organization is _________. |
A. | Specialization |
B. | Coordination |
C. | Efficient functioning |
D. | All of the above |
Answer» D. All of the above |
89. |
Which is the types of organization? |
A. | Line organization |
B. | Staff organization |
C. | Committee organization |
D. | All of the above |
Answer» D. All of the above |
90. |
Power and authority is kept under top management is known as? |
A. | Centralization |
B. | Decentralization |
C. | Both A and B |
D. | None of the above |
Answer» A. Centralization |
91. |
Which is the characteristics of corporate social responsibility(CSR) |
A. | Continuous process |
B. | Two-way process |
C. | Concerned with social prestige |
D. | All of the above |
Answer» D. All of the above |
92. |
Which is the advantages of corporate social responsibility(CSR) |
A. | Satisfied employees |
B. | Commitment with stakeholders |
C. | Costs reductions |
D. | All of the above |
Answer» D. All of the above |
93. |
The total demand for goods and services in an economy is known as |
A. | Aggregate demand |
B. | National demand |
C. | Gross national product |
D. | Economy wide demand |
Answer» A. Aggregate demand |
94. |
A Recession is ______ |
A. | A period of declining prices |
B. | A period during which aggregate output declines |
C. | A period of declining unemployment |
D. | A period of falling trade volumes |
Answer» B. A period during which aggregate output declines |
95. |
Macroeconomics Is The Branch Of Economics That Deals With |
A. | The Economy As A Whole |
B. | Imperfectly Competitive Markets |
C. | Only The Long Run Adjustments To Equilibrium In The Economy |
D. | None of the above |
Answer» A. The Economy As A Whole |
96. |
The Practice Of Using Fiscal And Monetary Policy To Stabilize The Economy Is Known as |
A. | Fine Tuning Of Demand |
B. | Monetarism |
C. | Laissez Faire Economics |
D. | Supply Side Economics |
Answer» A. Fine Tuning Of Demand |
97. |
According To The Classical Economists, The Economy |
A. | Requires Fine Tuning To Reach Full Employment |
B. | Should Not Be Left To Market Forces |
C. | Will Never Be At Full Employment |
D. | Is Self-Correcting |
Answer» D. Is Self-Correcting |
98. |
Identify The Three Motives Of Money Demand: |
A. | Accumulative, Speculative, Precautionary |
B. | Speculative, Transaction, Precautionary |
C. | Precautionary Special, Transaction |
D. | None |
Answer» B. Speculative, Transaction, Precautionary |
99. |
The Rate At Which Central Bank Lends To Commercial Banks Is Known As: |
A. | Reserve Rate |
B. | Discount Rate |
C. | Open Market Operation |
D. | None |
Answer» B. Discount Rate |
100. |
An Expansionary Fiscal Policy Can: |
A. | Raise The National Debt |
B. | Decrease The National Debt |
C. | Have No Effect On National Debt |
D. | None of the above |
Answer» A. Raise The National Debt |
Done Reading?