Managerial Economics MCQs and Notes

A

Admin • 36.96K Points
Coach

Q 21. If external debt of country rises faster than its interest obligations, it is a case of:

(A) Dept trap
(B) Liquidity trap
(C) Poverty trap
(D) Export led growth

V

Vijay Sangwan • 28.62K Points
Instructor II

Q 22. The economist who said that international trade was based upon the concept of absolute advantage was:

(A) David Ricardo
(B) Adam Smith
(C) J.S.Mill
(D) Bertil Ohlin

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 23. Dualism in development economics refers to

(A) Dual price policy
(B) Co-existence of technical and non-technical sectors
(C) Co-existence of modern and traditional sectors
(D) Co-existence of institutional and non- institutional agencies

R

Rakesh Kumar • 28.44K Points
Instructor II

Q 24. When average product is falling, it is

(A) Less than the marginal product
(B) Not measurable in this case
(C) Greater than the marginal product
(D) Equal to the marginal product

V

Vinay • 28.75K Points
Instructor II

Q 25. A fall in the price of a commodity leads to

(A) A shift in demand
(B) A fall in demand
(C) A rise in the consumer’s real income
(D) A fall in the consumer’s real income

S

Shiva Ram • 30.44K Points
Instructor I

Q 26. Adam Smith advocated

(A) Laissez Faire
(B) Division of Labour
(C) Both of these
(D) None of these

V

Vikash Gupta • 33.56K Points
Instructor I

Q 27. Feudalistic economy is dominated by

(A) Entrepreneur
(B) Worker
(C) Landlord
(D) None of these

R

Ram Sharma • 193.86K Points
Coach

Q 28. Physiocrats give utmost importance to

(A) Services
(B) Industry
(C) Agriculture
(D) None of these

R

Ranjeet • 34.60K Points
Instructor I

Q 29. The Historical school was based on

(A) Deductive method
(B) Inductive method
(C) Both of above
(D) None of these

R

Ram Sharma • 193.86K Points
Coach

Q 30. The book ‘Asian Drama’ was written by

(A) A.C Pigou
(B) D. Ricardo
(C) Gunnar Myrdal
(D) Lionel Robbins

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