Managerial Economics MCQs and Notes

V

Vinay • 28.75K Points
Instructor II

Q 11. The rational entrepreneur will expand his output and select input combinations which lies on his:

(A) Isoquant line
(B) Ridge line
(C) Isoquant line
(D) Expansion path

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 12. Monopsony is a form of market organization in which there is a:

(A) Single buyer of an input
(B) Single seller of an output
(C) Single buyer of an output
(D) Single seller of an input

R

Ranjeet • 34.60K Points
Instructor I

Q 13. 13th Finance Commission has been constituted under the chairmanship of:

(A) C. Rangarajan
(B) Vijay L Kelkar
(C) Deepak Parekh
(D) Indira Bhargara

P

Priyanka Tomar • 35.28K Points
Coach

Q 14. The imposition of an import tariff by a nation will increase the nation’s welfare:

(A) Never
(B) Often
(C) Sometimes
(D) Always

R

Ranjeet • 34.60K Points
Instructor I

Q 15. Indian exports were increased during 2001-2002 and it went upto the level of:

(A) 39.8 billion dollars
(B) 28.2 billion dollars
(C) 44.0 billion dollars
(D) 45.6 billion dollars

R

Ranjeet • 34.60K Points
Instructor I

Q 16. Which of the following is a better measure of economic development?

(A) National income
(B) Rural consumption
(C) Size of exports
(D) Employment

G

Gopal Sharma • 38.32K Points
Coach

Q 17. Joint profits are maximized in the model cartel, which is model of:

(A) Duopsony
(B) Duopoly
(C) Oligopoly
(D) Oligopony

R

Ranjeet • 34.60K Points
Instructor I

Q 18. Determination of price through interaction of demand and supply was introduced by:

(A) Keynes
(B) Marshall
(C) Pigou
(D) Walras

V

Vinay • 28.75K Points
Instructor II

Q 19. Protectionism in the international trade stands for:

(A) Semi-restricted Trade
(B) Free trade policy
(C) Restricted Trade policy
(D) All of the above

V

Vinay • 28.75K Points
Instructor II

Q 20. Who gave the first scientific treatment of general equilibrium analysis

(A) Leon Walras
(B) J.B Say
(C) Edward Chamberlain
(D) K.E Boulding

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