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Cost Accounting

_________ is the first Law of Consumption.

» Fundamentals of Economics solved MCQs /
Question:

_________ is the first Law of Consumption.

A.

The Law of Diminishing Marginal Utility

B.

The Law of Demand

C.

The Law of Increasing Returns

D.

All of the above

Answer» a. The Law of Diminishing Marginal Utility

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

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» Fundamentals of Economics solved MCQs

The terms Micro economic and Macro economics were coined by

» Fundamentals of Economics and Management solved MCQs /
Question:

The terms Micro economic and Macro economics were coined by

A.

Professor A Samulson

B.

Giffen

C.

Prof. Ragner Frisch

D.

Eagle

Answer» c. Prof. Ragner Frisch

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

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» Fundamentals of Economics and Management solved MCQs

Which of the following is not a central problem of a society

» Fundamentals of Economics and Management solved MCQs /
Question:

Which of the following is not a central problem of a society

A.

What to produce

B.

How to produce

C.

For whom to produce

D.

Where to produce

Answer» d. Where to produce

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

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» Fundamentals of Economics and Management solved MCQs

Which of the following is not an unpaid seller’s right against the goods?

» Laws and Ethics solved MCQs /
Question:

Which of the following is not an unpaid seller’s right against the goods?

A.

The right of retention

B.

The right of stoppage in transit

C.

The right of seeking claim for damage

D.

The right of resale

Answer» c. The right of seeking claim for damage

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

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» Laws and Ethics solved MCQs

Long-term equilibrium of an Industry under a perfectly market conditions in achieved when

» Fundamentals of Economics and Management solved MCQs /
Question:

Long-term equilibrium of an Industry under a perfectly market conditions in achieved when

A.

All the firms are earning normal profit

B.

All the firms are in equilibrium

C.

There is no further entry or exit of firms from the industry

D.

All the three

Answer» d. All the three

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

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» Fundamentals of Economics and Management solved MCQs

Section 122 of Companies Act, 2013 provides that which of the following provisionsare not applicable to an OPC

» Laws and Ethics solved MCQs /
Question:

Section 122 of Companies Act, 2013 provides that which of the following provisionsare not applicable to an OPC

A.

Section 100: Calling of EGM

B.

Section 101: Notice of Meeting

C.

Section 105: Proxies

D.

All of the above

Answer» d. All of the above

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

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» Laws and Ethics solved MCQs

P and Q are two non-empty sets. Given: n(P) = 12, n(Q) = 6 and n (P U Q) = 10. Then n (P ∩ Q) is

» Fundamentals of Business Mathematics solved MCQs /
Question:

P and Q are two non-empty sets. Given: n(P) = 12, n(Q) = 6 and n (P U Q) = 10. Then n (P ∩ Q) is

A.

8

B.

9

C.

7

Answer» a. 8

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

P and Q are two non-empty sets. Given: n(P) = 12, n(Q) = 6 and n (P U Q) = 10. Then n (P ∩ Q) is Read More »

» Fundamentals of Business Mathematics solved MCQs

The paradox of Diamond is more costly than water is explained by

» Fundamentals of Economics and Management solved MCQs /
Question:

The paradox of Diamond is more costly than water is explained by

A.

Marginal utility concept

B.

Scarcity

C.

Relative cost of production

D.

All the three

Answer» b. Scarcity

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

The paradox of Diamond is more costly than water is explained by Read More »

» Fundamentals of Economics and Management solved MCQs

In behavioural analysis, costs are divided into

» Fundamentals of Costing solved MCQs /
Question:

In behavioural analysis, costs are divided into

A.

Production and Non-Production costs

B.

Controllable and Non-Controllable costs

C.

Direct and indirect costs

D.

Fixed and Variable costs

Answer» d. Fixed and Variable costs

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

In behavioural analysis, costs are divided into Read More »

» Fundamentals of Costing solved MCQs