Principles Of Economics And Management Set 1

Computer Science Engineering (CSE),

Information Technology Engineering (IT)

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This set of Principles of Economics and Management Multiple Choice Questions & Answers (MCQs) focuses on Principles Of Economics And Management Set 1

Q1 | Demand for a commodity refers to:
Q2 | 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:
Q3 | Income elasticity of demand is defined as the responsiveness of:
Q4 | The supply of a good refers to:
Q5 | In the short run, when the output of a firm increases, its average fixed cost:
Q6 | The cost of one thing in terms of the alternative given up is called:
Q7 | In which of the following market structure is the degree of control over the price of its product by a firm very large?
Q8 | Demand for factors of production is:
Q9 | The producer’s demand for a factor of production is governed by the ___ of that factor.
Q10 | Who is the ‘lender of the last resort’ in the banking structure of India?
Q11 | ____ is the official minimum rate at which the Central Bank of a country is prepared to rediscount approved bills held by the commercial banks.
Q12 | Which among the following is a function of the Reserve Bank of India?
Q13 | The following is the direct tax among:
Q14 | Which among the following is a cause of inflation?
Q15 | The capital that is consumed by an economy or a firm in the production process is known as:
Q16 | Which of the following is also known as International Bank for Reconstruction andDevelopment?
Q17 | A change in fiscal policy affects the balance of payments through:
Q18 | Fiscal Policy means:
Q19 | Which one of the following is NOT the objective of fiscal policy of government of India?
Q20 | Monetary policy is implemented by in India.
Q21 | The most simple and popular method of measuring economic development is to calculatethe trend of gross national product (GNP) at __________
Q22 | By __ growth rate of an economy can be speeded up.
Q23 | When national income is calculated with reference to a base year, it is called:
Q24 | Which market structure symbolizes the existence of ‘few sellers’?
Q25 | Which among the following are the factors that determine the national income of a country?
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