Cost Accounting

If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by:

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Question:

If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by:

A.

Coercion

B.

Fraud

C.

Misrepresentation

D.

Undue influence

Answer» a. Coercion

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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

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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)

Note: The above multiple-choice question is for all general and Competitive Exams in India. 

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

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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

Note: The above multiple-choice question is for all general and Competitive Exams in India.