McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Computer Science Engineering (CSE) , Information Technology Engineering (IT) .
| 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 | |
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