UPES SOLVED ASSIGNMENT

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MBA / EMBA

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QUESTION 1
1.    The third stage of Law of Variable proportions is the constant returns
  True
  False
  
QUESTION 2
1.    Opportunity Cost is also called economic cost
  True
  False
  
QUESTION 3
1.    The national income is

    NNP-indirect taxes+subsidies

    GNP-direct taxes +subsidies

    GNP + direct taxes -subsidies
  
QUESTION 4
1.    Name the discipline that combines economic theory with managerial practice

    managerial economics

    macroeconomics

    microeconomics

    mathematical economics
  
QUESTION 5
1.    Who examined capitalism closely?

    J.M.Keynes

    Karl Marx

    Viner

    Walker
  
QUESTION 6
1.    Fiscal Policy is the policy of the Govt
  True
  False
  
QUESTION 7
1.    The quantity of a commodity demanded by a consumer is influenced by the prices of related commodities
  True
  False
  
QUESTION 8
1.    Total outlay is price multiplied by quantity.
  True
  False
  
QUESTION 9
1.    Give examples of substitute goods.

    tea and coffee

    bread and butter

    car and petrol

    ink and pen
  
QUESTION 10
1.    Depreciation is the loss of value of

    capital assets

    revenue

    expenditure
  
QUESTION 11
1.    Demand for food grains is elastic
  True
  False
  
QUESTION 12
1.    low priced commodities have inelastic demand
  True
  False
  
QUESTION 13
1.    When e=1, which type of curve is made?

    Unitary elastic

    elastic

    inelastic

    perfectly elastic
  
QUESTION 14
1.    Ink and pen have zero cross elasticity of demand
  True
  False
  
QUESTION 15
1.    A tax imposed on monopoly profits

    can be shifted forward

    can be shifted backward

    can be shifted both forward and backward

    cannot be shifted
 
QUESTION 16
1.    In which city is the Head Office of Reserve Bank of India located?

    Mumbai

    Calcutta

    Chennai

    J&K
 
QUESTION 17
1.    The economic term for the costs associated with negotiating and enforcing a contract is

    opportunity costs

    real costs

    functional costs

    transaction costs
 
QUESTION 18
1.    when there is a decrease in the demand , the demand curve

    moves upwards away from the axis

    moves upwards towards the axis

    shifts towards the left

    moves downwards towards the axis
 
QUESTION 19
1.    In an Oligopolistic Market, there are

    a few sellers and a large number of buyers

    large no. of sellers

    few buyers

    none of the above
 
QUESTION 20
1.    Which rates are reviewed by the RBI at the time of periodical review of the policy?

    Bank rate, saving bank rate and repo rate

    call rate and bank rate

    repo rate

    reverse repo rate
 
QUESTION 21
1.    In monopolistic competition, each firm has a demand curve with

    a slope equal to zero, and there are barriers to entry into the market

    a negative slope, and there are no barriers to entry into the market

    negative slope, and there are barriers to entry into the market

    a slope equal to zero, and there is are no barriers to entry into the market.
 
QUESTION 22
1.    In using the expenditure approach to GDP consumption

    includes consumer durables, semidurables, non-durable goods, but excludes

    includes houses and services

    includes houses and all purchases by business firms

    includes consumers spending on durable goods and non-durable goods and services
 
QUESTION 23
1.    A price- and quantity-fixing agreement is known as

    price concentration

    game theory

    an oligopoly

    collusion
 
QUESTION 24
1.    An example of a Euro Currency is

    a dollar deposit outside the US

    a pound sterling deposit outside the UK

    a Mark deposit outside Germany

    All of the above
 
QUESTION 25
1.    In depreciation calculation, the useful life of a fixed asset is

    a certain figure

    an estimate

    a predetermined figure for all fixed assets
 
QUESTION 26
1.    The income effect of a price change

    is always positive

    is always negative

    may be positive or negative

    is associated with the change in nominal income
 
QUESTION 27
1.    Under which type of Pricing, the price is determined based on variable cost as fixed costs are completely excluded?

    Marginal cost pricing

    Limit Pricing

    Cost Plus Pricing

    Multi Product Pricing
 
QUESTION 28
1.    Predatory Pricing Policy is designed to

    drive competitors out of business

    maximize profits

    encourage entrants into the market

    attain least cost output
 
QUESTION 29
1.    What is Repo Rate?

    it is the rate at which RBI sells government securities from banks

    it is the rate at which RBI buys government securities from banks

    it is the rate at which RBI allows small loan in the market

    None of the above
 
QUESTION 30
1.    Current accounts are also called demand deposits
  True
  False
 
QUESTION 31
1.    A variable that takes on the values of 0 or 1 and is used to incorporate the effect of qualitative variables in a regression model is called

    an interaction

    a constant variable

    a dummy variable

    none of the above is correct
 
QUESTION 32
1.    The apex organization of Industrial Fianance in India is

    IDBI

    SIDBI

    RBI

    SBI
 
QUESTION 33
1.    Charging the maximum price for each unit of the product is

    first degree price discrimination

    second degree price discrimination

    third degree price discrimination
 
QUESTION 34
1.    In case of inferior commodity, the income elasticity of demand is

    positive

    negative

    infinity

    none of these
 
QUESTION 35
1.    The compensated” demand curve is the demand curve that

    shows only the income efffect

    shows only the subsitution effect

    shows both the income and substitution effect

    shows the giffen good demand curve
 
QUESTION 36
1.    In case of complimentary goods, cross elasticity of demand will be

    negative

    zero

    unitary

    infinite
 
QUESTION 37
1.    Why are bank deposits called the demand deposits?

    Deposits can be withdrawn as and when required

    savings deposits

    recurring deposits

    home safe accounts
 
QUESTION 38
1.    When depreciation is deducted from GNP, the net value is

    Net national product

    Net domestic Product

    Gross National Product

    Disposable Income
 
QUESTION 39
1.    In Monetary terminology, what is called the monetary base or high powered money?

    the total liability of RBI

    Paper notes and currency with RBI

    deposits with commercial banks
 
QUESTION 40
1.    The measure of location which is the most likely to be influenced by extreme values in the data set is the

    range

    median

    mode

    mean
 
QUESTION 41
1.    The Imperial Bank of India, after its nationalization came to be known as

    State Bank of India

    Union Bank of India

    Vijaya Bank

    Punjab National Bank
 
QUESTION 42
1.    The Engel curve passes through the tendency points of

    isoquant and budget line

    IC curve and budgetline


       
 

The correct option should be indifference cure and budget line


QUESTION 43
1.    A group of firms that gets together to make price and output decisions is called

    Cartel

    price leadership

    total cost plus pricing

    a concentrated industry
 
QUESTION 44
1.    An accuracy measure that may be used to indicate any positive or negative bias in the forecast is

    tracking signal

    Mean Absolute deviation

    Standard error

    All of these
 
QUESTION 45
1.    Gross National Product

    will exceed gross domestic product if net factor payments from abroad are positive

    will always exceed gross domestic product in a closed economy

    will be higher in a private sector economy than in an economy where there is also a public sector that taxes the private sector

    is identical to the gross domestic product in Canada
 
QUESTION 46
1.    A firm is a price taker under which market structure

    Perfect Competition

    Monopoly

    Monopolistic Competition

    Duopoly
 
QUESTION 47
1.    Marginal Utility curve always

    slopes upward

    never slopes upward

    parallel to OX-axis

    falling under normal conditions
 
QUESTION 48
1.    Open Market Operations, one of the measures taken by RBI in order to control credit expansion in the economy means

    sale and purchase of government securities

    issuance of different types of bonds

    auction of gold

    to make available direct finance to borrowers
 
QUESTION 49
1.    "Human Welfare is the subject of Economics.” This statement is associated with the name of which of the economists ?

    Marshall

    Robbins

    Adam Smith

    All of these
 
QUESTION 50
1.    During the period of High Inflation

    lendors are worse off because they are repaid with currency that is worth more

    lendors are worse off because they cannot find anyone who wants a loan.

    borrowers are better off because they can pay off their loans with currency that is worth less.

    borrowers are worse off because they have to pay off their loans with currency that is worth more
 
QUESTION 51
1.    The price elasticity of demand depends upon

    percentage change in the quantity demanded

    percentage change in price

    both of these
 
QUESTION 52
1.    A cause of inflation is

    increase in money supply

    increase in money supply and fall in production

    fall in production

    decrease in money supply and fall in production
 
QUESTION 53
1.    Cross elasticity of demand for a pair of substitute goods will be

    positive

    unitary

    negative

    infinite
 
QUESTION 54
1.    If a demand curve of a community is parallel to OY-axis then it shows

    E=0

    E<1

    E>1

    E=1
 
QUESTION 55
1.    As per the CSO classification, which of the following does not fall under finance and real estate category?

    Banking

    Construction

    Insurance

    Real estate
 
QUESTION 56
1.    GNP at factor cost is the sum total of earnings received by various factors of production by normal residents of the country during a year
  True
  False
 
QUESTION 57
1.    A reduction in tax may change an individual's incentive to work and produce, thus, changing the aggregate supply
  True
  False
 
QUESTION 58
1.    Which of the following is not considered as a factor of production?

    money

    land

    unskilled labour

    machinery
 
QUESTION 59
1.    Demand is elastic for

    luxuries

    comforts

    necessities
 
QUESTION 60
1.    Change in Quantity supplied is same as Change in supply
  True
  False
 
QUESTION 61
1.    "When a product is sold through an auction, it is called first degree price discrimination"
  True
  False
 
QUESTION 62
1.    "If the price is statutorily fixed and equal to MC, monopoly profits will be"

    At the same level

    Decreased

    Eliminated

    increased
 
QUESTION 63
1.    When marginal product (MP) & average product (AP) both falls

    AP lies below MP

    AP and MP intersect

    MP lies below AP

    None of the above
 
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