Question:

SIDBI is a subsidiary bank of

A.

IDBI

B.

SBI

C.

HDFC

D.

ICICI

Answer» a. IDBI

Question:

Which of the following is an example of an intermediate goods.

A.

A Tata Indica sold by a dealer of second hand car

B.

Steel and cement used to construct a flyover

C.

Farming crop purchased by FCI

D.

All the three

Answer» b. Steel and cement used to construct a flyover

Question:

Which of these terms are/is appropriate for RBI?

A.

Banker’s Bank

B.

Banker’s to the Government

C.

Both

D.

None

Answer» c. Both

Question:

What will happen if a firm in perfect competitive market, increase its output by 50%

A.

Total sales revenue will also increase by 50% ; (b)

B.

Selling price will come down by 50%

C.

Total sales revenue will decrease by 50%

D.

Profit will increase by 25%

Answer» a. Total sales revenue will also increase by 50% ; (b)

Question:

When a monopolist charges different prices to each customer it is called price discrimination of –

A.

First order

B.

Second order

C.

Third order

D.

Fourth order

Answer» a. First order

Question:

In addition to three Central problem of economy, the additional problem(s) raised by the Moderneconomists is / are

A.

Are the resources fully utilized or not

B.

How efficient is the production and distribution system

C.

Whether the capacity to produce or grow is increasing or is static

D.

All the three

Answer» d. All the three

Question:

FERA has been replaced by

A.

FINA

B.

FEMA

C.

FENA

D.

MRTP

Answer» b. FEMA

Question:

Demand curve of an Oligopoly firm is characterized by

A.

Horizontal to X axis

B.

Kink at the price

C.

U shaped curve

D.

A liner line

Answer» b. Kink at the price

Question:

Which of these indicates increase in welfare of the people?

A.

Increase in production of war time equipments

B.

Increase in production of food grains

C.

Spurt in smuggling activities

D.

Increase in production of Heroine, smack et(c)

Answer» a. Increase in production of war time equipments

Question:

Which of the following statement is true

A.

Monopolist are price takers

B.

Monopoly firm earn abnormal profits

C.

A Monopoly firm faces straight demand line

D.

Supply curve of a monopoly firm is positive sloped

Answer» a. Monopolist are price takers