1YR PGDM
Semester 1
principles of management
Question
1YR PGDM
Semester 1
financial accounting
Question
FINC512. Assignment
1.Which of the following is an operating item?
- Interest paid
- salmy paid
- share capital issued
2 . Accounting Standards are issued by which of the following entity, in India?
- ICAI
- SEBI
- RBI
- IFRS
3 . A business has paid the rent for the period Jan-March 2016 in June'2016, in which year financial statements this rent expenses will be recorded?
- 2015
- 2016
- 2017
- All of the above
4 . Both assets and owner's equity would be increased by __________________
- capital brought in
- Purchase of an asset on credit.
- Payment of creditors.
- Proprietors drawings.
5 . Who approves the financial statements of a company?
- Auditors
- Shareholders
- Management
- Board of Directors
6 . Which of the following can be categorized as discretionary Expense
- Purchase
- Salary
- Repair & Maintenance
- R&D Expense
7 . The Share Capital of a company is Rs 10 Cr divided in 10 Lac number of shares. Calculate the face value of share
- Rs 100
- Rs 1000
- Rs10
- Rs1
8 . Which of the following statement shows the financial position of a business entity as on date?
- Income Statement
- Balance Sheet
- Trial Balance
- Cash Flow Statement
9 . Which of the following self genearted intangible asset can be recorded in books of account?
- Goodwill
- Technical Know-How
- Software
- All of the Above
10 . If manufacturing expenses are Rs 20000, interest expenses Rs 4000, cash sales is Rs 30000. Increase in inventory and debtors is Rs 5000 and Rs 7000 respectively. While increase in accounts payable is 9000. Calculate the cash flow from operations?
- Rs 9000
- Rs 3000
- Rs 7000
- Rs 12000
11 . Proceeds on the sale of fixed assets will be shown in which part of the cash flow statement, if indirect method is followed?
- Operating Cash Flow
- Financing Cash Flow
- Investing Cash Flow
- None of the above
12 . XYZ Ltd paid Salaries of Rs 200000 in the month of March'2016. Journalize the transaction.
- Cash A'c Debited to Salary
- Salary A/c Debited to Cash
- Employees A/c Debited to Cash
- Employees A/c Debited to Salary
13 . Security Premium Reserve is an example of ________________
- Revenue Reserve
- Capital Reserve
- Reserve Capital
- Revaluation Reserve
14 . Which of the following can be categorised as Revenue?
- Sale of goods
- Sale of Old Furniture
- Dividend Received
- All of the above
15 . In which of the following bo;oks, seprate account is maintained for each item?
- Ledger
- Accounting Equation
- Trial Balance
- Journal
16 . Credit sales for the year is Rs 100000 and closing debtors are Rs10000. Calculate the collection period of the firms?
- 10 days
- 36.5 days
- 27.39 days
- None of the above
17 . Capital contributed by owners is recorded as liability as per which of the following concept?
- Monetary Unit
- Economic Entity
- Going Concern
- Dual Aspect
18 . ABC Ltd Purchased Machinery on 1st October 2017 at cost price of Rs 5 Lacs. There is no salvage value and estimated useful life of Machinery is 5 years. How much depreciation should be charged for Year 2017-18?
- 1 Lac
- Zero
- 50000
- None of these
19 . A new firm commenced business on 1st January 20016 and purchased goods costing Rs. 90,000 during the year. A sum of Rs. 6,000 was spent on freight inwards. At the end of the year the cost of goods still unsold was Rs. 12,000. Sales during the year Rs.1,20,000. What is the gross profit earned by the firm?
- Rs 36000
- Rs 30000
- Rs 42000
- Rs 38000
20 . Loss on the sale of Fixed Assets will be shown in which part of the cash flow statement, if indirect method is followed?
- Operating Cash Flow
- Financing Cash Flow
- Investing Cash Flow
- None of the above
21 . Which of the following is liquidity ratio
- Debt to Equity Ratio
- Return on Investment
- Total Asset Turnover Ratio
- Current Ratio
22 . In which of the following books, transactions are first time recorded?
- Ledger
- Accounting Equation
- Trial Balance
- Journal
23 . Operating expenses of Moon Ltd are Rs 18000, Interest expenses Rs 5000, Tax paid Rs 4000. If Sales is Rs 35000 then calculate the Net Profit Margin?
- 0.2285
- 0.7714
- 0.51
- 0 0.0657
24 . Purchase of machinery against issue of shares will be shown in which part of the cash flow statement?
- Operating Cash Flow
- Financing Cash Flow
- Investing Cash Flow
- None of the above
25 . A credit sale of goods to Mohan should be debited to
- Sales account
- Mohan account
- Goods account
- Purchase account
26 . Which of the following is an financing item?
- Interest paid
- Salary paid
- Dividend received
- Share capital issued
27 . While preparing cash flow statements, the repayments of a loan during the year should be included under the heading of
- Operating Cash Flow
- Financing Cash Flow
- Investing Cash Flow
- None of the above
28 . The balance of cash account indicates______________
- Net income for the period
- Net loss for the period
- Net cash on hand
- Net worth of the business
29 . Which of the following statement shows the Net Profit/Loss earned by a business entity?
- Income Statement
- Balance Sheet
- Trial Balance
- Cash Flow Statement
30 . Every accounting transaction must at least affect -_________accounts?
- One
- Two
- Three
- Four
Test-1 (2019) FNC-512
- A business has paid the rent for the period Jan-March 2016 in Jllle'2016, in which year financial statements this rent expenses will be recorded?
- 2015
- 2016
- 2017
- All of the above
- Security Premium Reserve is an example of
- Revenue Reserve
- Capital Reserve
- Reserve Capital
- Revaluation Reserve
- Inwhich of the following books, separate accowit is maintained for each item?
- Ledger
- Accowiting Equation
- Trial Balance
- Joumal
- Credit sales for the year is Rs 100000 and closing debtors are RslOOOO. Calculate the collection period of the firm
- 10 days
- 36.5 days
- 27.39 days
- None of the above
- Advance from Customers is a example of
- Asset
- Liability
- lncome
- Expense
- Both assets and owner 's equity would be increased by
- capital brought in
- Purchase of an asset on credit.
- Payment of creditors.
- Proprietors drawings.
- The balance cash account it indicates
- Net income for the period
- Net loss for the period
- Net cash on hand
- Net worth of the business
- Capital continued by owners is recorded as liability as per which of the following concept.
- Monetary Unit
- Economic Entity
- Going Concern
- Dual Aspect
- Which of the following can be categorized as discretionary Expense
- Purchase
- Salary
- Repair & Maintenance
- R&D Expense
- Which of the following self-generated intangible asset can be recorded in books of account.
- Goodwill
- Technical Know-How
- Software
- All of the Above
- On 1st April 2017 P Ltd sells 100000 shares of Dabur India Ltd to Q Ltd at Rs 400 per share (Market price on that day) with an agreement to repurchase the same at Rs 4 12 per share on 31st Dec 2017. How the transaction should be presented in financial statements of P Ltd
- Sale of Investment
- Sale of Shares
- Borrowings
- Investment
- A credit sale of goods to Mohan should be credited to
- Sales accowit
- Mohan accowit
- Goods accowit
- Purchase accowit
- Which of the following statement shows the financial position of a business entity as on date?
- Income Statement
- Balance Sheet
- Trial Balance
- Cash Flow Statement
- XYZ Ltd paid Salaries of Rs 200000 inthe month of March'2016. Journalize the transaction.
- Cash Ale Debited to Salary
- Salary Ale Debited to Cash
- Employees Ale Debited to Cash
- Employees Ale Debited to Salary
15 . Proceeds on the sale of fixed assets will be shown in which part of the cash flow statement, if indirect method is followed?
- Operating Cash Flow
- Financing Cash Flow
- Investing Cash Flow
- None of the above
- A credit sale of goods to Mohan should be debited to
- Sales accowit
- Mohan accowit
- Goods accowit
- Purchase accowit
- Which of the following is a financing item?
- Interest paid
- salary paid
- dividend received
- share capital issued
- Which of the following is basic accounting equation?
- Capital-Liabilities =Assets
- Assets + Liabilities = Capital
- Assets+ Capital = Liabilities
- Liabities+ Capital =Assets
- Wages paid to workers must be debited to accowit
- Wages
- Machinary
- Factiry Expenses
- Office Expenses
- Which of the following is an example out Business liability?
- Land
- Building
- Cash
- Creditors
- In which of the following firm structure liability of owners is wilimited
- Sole Proprietorship
- Ltd Liability Partnership
- Pvt. Ltd Company
- Public Ltd Company
- Decline in the value of intangible assets in a given year is known as.
- Depreciation
- Amortization
- Depletion
- Any of the above_
- If manufacturing expenses are Rs 20000, interest expenses Rs 4000, cash sales is Rs 30000. Increase in inventory and debtors is Rs 5000 and Rs 7000 respectively. While increase in accowits payable is 9000. Calculate the cash flow from operations?
- Rs 9000
- Rs 3000
- Rs 7000
- Rs 12000
- Higher Debt-Equity ratio indicates
- High Operating Risk
- Low Operating Risk
- High Financial Risk
- Low Financial Risk
25 . in which of the following firm structure compliance cost is maximum
- Sole Proprietorship
- Ltd Liability Partnership
- Pvt. Ltd Company
- Public Ltd Company
- Inwhich of the following form of business, income is taxed separately from its owners
- Sole Proprietorship
- Partnership
- Corporation
- All of the above
- Inwhich of the following statement, final balances of all the accowits are prepared in the form of a list
- Ledger
- Accowiting Equation
- Trial Balance
- Journal
- If total liabilities decreased by Rs20000 and stockholders' equity increased by Rs5,000 during a period of time, then total assets " must change by what amount and direction during that same time period?
- Rsl5000 increase
- Rsl5000 decrease
- Rs 25000 increase
- Rs 25000 decrease
- ABC Ltd Purchased Machinery on 1st October 2017 at cost price of Rs 5 Lacs. There is no salvage value and estimated useful " life of Machinery is 5 years. How much depreciation should be charged for Year 2017- 18?
- 1 Lac
- Zero
- 50000
- None of the above
- While preparing cash flow statements, the repayments of a loan during the year should be included wider the heading of.
- Operating Cash Flow
- Financing Cash Flow
- Investing Cash Flow
- None of the above
Assignment -2 ( 2019 ) FNC -512
- Wages paid to workers must be debited to accowit
- Wages
- Machinary
- Factiry Expenses
- Office Expenses
- When a Liability is increased, it is recorded on the
- Credit Side
- Debit Side
- Left Hand Side
- Any of the above
- Capital continued by owners is recorded as liability as per which of the following concept?
- Monetary Unit
- Economic Entity
- Going Concern
- Dual Aspect
- Operating expenses of Moon Ltd are Rs 18000, Interest expenses Rs 5000, Tax paid Rs 4000. If Sales is Rs 35000 then calculate the Net Profit Margin?
- 00.2285
- 00.77 14
- 00.51
- 00.0657
- Credit sales for the year is Rs I 00000 and closing debtors are Rs I 0000. Calculate the collection period of the firm?
- 10 days
- 036.5 days
- 027.39 days
- 0None of the above
- On !st April 2017 P Ltd sells 100000 shares of Dabur India Ltd to Q Ltd at Rs 400 per share (Market price on that day) with an agreement to repurchase the same at Rs 412 per share on 31st Dec 2017 . How the transaction should be presented in
financial staternenbts of P Ltd.
- Sale of Investment
- Sale of Shares
- Borrowings
- Investment
- In order to reflect the efficiency in debtor's management, Debtor turnover ratio should be. ?
- lncreased
- Decreased
- Kept Constant
- •None of the above
8 Ram's acco1U1t in the acco1U1ts payable ledger has a Rs.2000 beginning balance. After a transaction for Rs.500 is posted from the plD'chasesjolD'nal, the balance in Ram's acco1U1t is __
- 1500 Credit
- 1500 Debit
- 2500 Credit
- 2500 Debit
- A credit sale of goods to Mohan should be credited to
- Sales account
- Mohan account
- Goods account
- Purchase account
- Every acco1U1ting transaction must at least affect accounts?
two
- loss on the sale of fixed assets will shown in which part of the cash flow statement . if indirect method is followed.
. operating cash flow
financing cash flow
investing cash
none of the above
- Advance from Customers is a example of ?
assets
- Both assets and owner 's equity would be increased by _
- capital brought in
- Purchase of an asset on credit.
- Payment of creditors.
- Proprietors drawings
- 15000 dec.
- Security Premiwn Reserve is an example of.
- Revenue Reserve
- Capital Reserve
- Reserve Capital
- Revaluation Reserve
- A credit sale of goods to Mohan should be debited to __
sales ac
- Which of the following is an financing item
- Interest paid
- salary paid
- dividend received
- share capital issued
- which of the following is an example ot business liability?
- land
- Building
- Cash
- Creditors
- XYZ Ltd paid Salaries of Rs 200000 in the month of March'2016. Journalize the transaction
- Cash Ale Debited to Salary
- Salary Ale Debited to Cash
- Employees Ale Debited to Cash
- Employees Ale Debited to Salary
- Inwhich of the following firm structure liability of owners is unlimited
- Sole Proprietorship
- Ltd Liability Partnership
- Pvt. Ltd Company
- Public Ltd Company
- which of the following is an operating item?
- Interest paid
- salary paid
- dividend received
- share capital issued
22.There was a fire in M Ltd Godown. It resulted into loss of Rs 5 Cr goods. However the insurance company accepted the claim of Rs 4 .5 Cr only. This willresult in in equity by Rs _
- Increase, 4.5 Cr
- Decrease, 0.5 Cr
- Increase, 0.5 Cr
- Decrease, 5 Cr
- Who approves the financial statements of a company
- Auditors
- Shareholders
- Management
- Board of Directors
- higher Debt-Equity ratio indicates
higf financial risk
- accoWlting Standards are issued by which of the following entity, in India?
- ICAI
- SEBI
- RBi
- IFRS
- If Net Profit is Rs 10000, Preference Dividend is Rs 2000 and Number of Shares are 600, calculate the EPS?
- 16.66
- 20
- 13.33
- None of the above
- which of the following can be categorized as discretionary Expense
R & D expenses
- Inwhich of the following statement, final balances of all the acco1tt1ts are prepared in the form of a list?
- Ledger
- Acco1tt1ting Equation
- Trial Balance
- Journal
- Which of the following statement shows the financial position of a business entity as on date
- Income Statement
- Balance Sheet
- Trial Balance
- Cash Flow Statement
- investing cash flow
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1YR PGDM
Semester 1
marketing management
Question
MKTC 522
Assignment IMT CDL
- Subgroups of people or markets having similar product needs
- market
- market place
- market segment
- mark et firm
- Systematic evaluation of objectives strategies structure and performance is called
- marketing audit
- annual audit
- accounting audit
- external audit
- The foundation of any marketing plan is the firms
- objectives
- mission statement
- swot
- market
- form of distribution aimed at covering selective markets
- exclusive distribution
- integrated distribution
- selective distribution
- intensive distribution
- gauging the extent to which marketing objectives have been achieved in a particular period
- implementation
- evaluation
- opportunity
- success
- constant preference of one brand over others is
- brand equity
- global brand
- brand identity
- brand loyalty
- governs all corporate bodies
- foreign trade development act
- environment protection act
- companies act 1956
- MRTP
- unprocessed extractive or agriculture products are called
- components
- resources
- capital
- raw materials
- process of dividing markets into identifiable groups is called
- market
- market segmentation
- market service
- market data
- someone’s recommendation for new restaurant is called
- internal stimuli
- external stimuli
- regenerate
- future markets
- refers to value of company and brand names
- brand equity
- global brand
- brand loyalty
- brand identity
- aggressive advertisements and price discounts to customers is called
- market mix
- market planning
- market penetration
- market place
- researcher selects sample based on personal judgement
- judgement sampling
- convience sampling
- systemic sample
- cluster sample
- marketing of goods and services to organisations is
- consumer marketing
- service marketing
- business marketing
- consumer protection
- business customers who consider numerous bids before selection
- optimizers
- initiators
- target
- position
- increased standards of living are a function of increased
- musule power
- bargaining power
- purchasing power
- horse power
- people in a business house involved in purchase decision
- buying centre
- business house
- business place
- business service
Delivering a product of management in an orientation
- place
- social
- production
- product
- business mission statements stated narrowly suffer from
- marketing myopia
- marketing mix
- target market
- market plan
- persons or firms providing goods and services to organisations are called
- sellers
- suppliers
- buyers
- purchasers
- facilate the exchange of ownership between sellers and buyers
- retailers
- merchants
- agents
- whole sellers
- individualized attention to customers is
- tangible
- assurance
- empathy
- research
- provides a frame work for seeking environmental clearance
- competition act
- companies act
- patents act
- environment protection act
- concrete symbol of the service offering
- tangible cue
- information source
- post purchase message
- position
- a characteristic that can be assessed after use
- credence quality
- experience quality
- no quality
- search quality
- one that cannot be copied by the competition
- divest
- Experience Curve
- competitive advantage
- evaluation
- marketing several products wider same brand is
- brand equity
- private brand
- brand loyalty
- family brand
- decision amount of time and effort buyers invest in evaluation of purchase
- concept
- intervention
- motives
- involvement
- Demand forecasting helps in the
- no markets
- future markets
- past markets
- present markets
- the person who first suggests making a purchase
- initiators
- purchasers
- buyers
- deciders
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1YR PGDM
Semester 1
economic environment of business
Question
ECOC514 SET 1 DEC 2018
Assignment Test -1
1.Demand curve slopes downward due to
-income effect
-substitution effect
-diminishing marginal utility
-all of the above
2.An increase in the price of a good normally increases the
-demand for its substitutes
-supply of compliments
-purchasing power of consumer incomes
-purchasing power of consumer divide incomes
3.An isoquant is
-least cost combination
-a locus of input combination that give the same level of output
-a locus of input combination that give different level of output
-a locus of product combination that give the same level of satisfaction
4.If planned spending exceeds planned output, the result is
-a reduction in GDP
-unintended inventory increases
-unintended inventory reduction
-an increase in government purchases
5.Production of an additional unit of output by the firm gives rise to
-Explicit cost
-implicit cost
-incremental cost
-marginal cost
6.If future price changes were perfectly anticipated by both borrowers and lenders ,what would happen to the real interest rate in the future if the price level changed?
-it would increase
-it would decrease
-it would not change
-it would decrease by the amount of the price increase
7.Negative cross-price elasticity of demand indicates that
-the product is an inferior good
-the product is a necessity
-the product is a luxury
-the two products are compliments
8.when the first stage of law of variable proportions begins to operate the TVC curve
-falls at an increasing rate
-rises at an increasing rate
-falls at a decreasing rate
-rises at a decreasing rate
9.In determining comparative advantage, cost is measured in terms of
-foreign currency
-opportunities forgone
-domestic currency
-gold only
10.in actability
-each country consumption possibilities are the same as its production possibilities
-equilibrium is attained with the maximum gains from specialization and trade
-equilibrium is attained with the maximum amount of international trade
-a nation is governed by an individual with absolute authority
11.if an imperfectly competitive firm is selling its 100th unit of output for $35,its marginal revenue
-will be greater than $35
-will be less than $35
-will also be $35
-may be either greater or less than $35
12.the equation for calculation of gross domestic product through expenditure approach is
-Y=C+I+G+(X-M)
-Y=C+I+G+(X+M)
-Y=C+I+G(X-M)
-Y=C+I+(X-M)
13.price discrimination refers to
-the differences between the prices a purely competitive seller and a purely monopolistic seller would charge
-the selling of a given product at different prices that do not reflect cost differences
-any price above that which is equal to minimum average total cost
-selling a given product for different prices at two different points in time
14.As a result of an increased deficit associated with discretionary fiscal policy
-both the interest rate and real output fall
-both the interest rate and nominal output rise
-the interest rate falls and real output rises
-the interest rate rises and real output falls
15.A consumer maximizes utility when the marginal utilities of all goods
-having positive money prices that are equal to zero
-are equal
-are maximized
-are exactly proportional to their market prices
16.when prices increases at a such speed that the value of money falls drastically is called as
-headline inflation
-core inflation
-hyperinflation
-stagflation
17.If the supply of a product increases, then
-more will be purchased at the same price
-the price of a product must have declined
-demand for the good must have increased
-producers offer less for sale at each possible price
18.The money demand curve describes how the quantity of money demanded varies with
-nominal GDP
-the interest rate
-real GDP
-the price level
19.A purely competitive firm is in short run equilibrium and its MC exceeds its AC.it can be conclude that
-firms will leave the industry in the long run
-the firm is realizing an economic profit
-the firm is realizing a loss
-this is an increasing cost industry
20.Which of the following will not increase when net taxes decrease ?
-saving
-disposable income
-consumption
-government expenditure
21.GDP price index is calculated by the formula
-Nominal GDP/Real GDP*100
-Real GDP /nominal GDP*100
-Nominal GDP/real GDP
-Real GDP /Nominal GDP
22.Cross elasticity between a battery and a car will be
-positive
-negative
-Unitary
-Zero
23.The firm is a price taker under
-perfect competition
-oligopoly
-monopolistic competition
-All of the above
24.Gross domestic product is
-the sum of money value of all intermediate goods and services produced with in the domestic territories of a country during an accounting year
-the aggregate final goods and services produced during an accounting year
The aggregate intermediate goods and services produced during an accounting year
-the sum of money value of all final goods and services produced with in the domestic territories of a country during an accounting year
25.Short run cost curves behaviour is explained by
-laws of returns
-economies of scale
-law of variable proportion
-law of increasing returns
26.If total revenue falls ,when price falls ,the demand of the product will be
-elastic
-unitary elastic
-inelastic
-perfectly elastic
27.For a perfectly competitive firm the average revenue
-coincides with total revenue
-is lower than total revenue
-is equal to marginal revenue
-is higher than marginal revenue
28.In the long run, a monopolistic competitor
-incurs losses
-makes economic profit
-reaps normal profit
-any of the above
29.The percentage change in the demand for film divided by the percentage change in the price of cameras indicates
-the cross -price elasticity of demand between film and cameras
-the cross-price elasticity of demand for photographs
-the price elasticity of demand for film
-the price elasticity of demand for cameras
30.Marginal utility is defined as the
-average amount of satisfaction gained from consuming a product
-total amount of satisfaction gained from consuming a product
-additional satisfaction gained from consuming one more unit of a product
-total amount of satisfaction gained from consuming a product divided by the number of units consumed.
Assignmnet Test – 2
IMT
ECOC514 DECEMBER 2018
1.A government -imposed price above floor above the market price of milk would increase consumer expenditure on milk only if
-demand is elastic
-supply is inelastic
-demand falls
-demand is inelastic
2.the equilibrium interest rate is determined by
-both the supply of and demand for money
-demand for money
-supply of money
-reserve bank of india
3.Gross domestic product can be calculated by adding---------- in an accounting year
-adding income earned by all factor inputs
-expenditure approach
-adding output produced by all sectors
-any of these method
4.which of the following is true concerning the relationship between the marginal propensity to consume and the consumption function?
-the larger the MPC the higher the level of autonomous consumption
-the larger the MPC the steeper the consumption function
-the larger the MPC the larger the MPS
-the smaller the MPC the steeper the consumption function
5.If a pure monopolist is producing a level of output in excess of the MR=MC output
-it will be the interest of the firm and the society to reduce output
-it will be the interest of the firm and society to increase output
-it will be in the interest of the firm but not necessarily of society to reduce output
-the firm may or may not be maximizing profits
6.An arbitrageur in foreign exchange is a person who
-buys foreign currency, hopping to profit by selling it at a higher exchange rate of some later date
-earns illegal profit by manipulating foreign exchange
-causes differences in exchange rates in different geographic market
-simultaneously buys large amount of currency in one market and sells it in another market
7.If future price changes were perfectly anticipated by both borrowers and lenders, what would happen to the real interest rate in the future if the price level changed?
-it would increase
-it would decrease
-it would not change
-it would decrease by the amount of the price increase
8.A typical situation when stagnation and inflation coexist is called as an
-Disinflation
-Hyperinflation
-Stagnation
-Headline inflation
9.Point of tangency between isoquant and is cost denotes
-producer equilibrium
-least cost combination
-optical factor combination
-all of the above
10.price are measured in india by
-consumer price index
-wholesale price index
-consumer price index and wholesale price index
-None of these
11.When economist say that people act as rational decision makers, that means
-they gather all relevant information before making their purchases
-once a pattern of behaviour has been established people tend to become set in their ways
-people respond in predictable ways to changes in costs and benefits
-people rarely make errors when they are permitted to make transactions
12.production of an additional units of output by the firm gives rise to
-Explicit cost
-implicit cost
-incremental cost
-marginal cost
13.A firm earns maximum profit when
-MC=MR
-MC=ATC
-Total revenue equals total cost
-TR is greater than TC by the larger amount
14.infaltuon rates differ in metropolitan regions MOSTLY because of
-differences in retail prices
-differences in housing prices
-transportation cost
-all of these
15.Marginal utility is defined as the
-Average amount of satisfaction gained from consuming a product
-total amount of satisfaction gained from consuming a product
-additional satisfaction gained from consuming more unit of a product
-total amount of satisfaction gained from consuming a product divided by the number of units consumed
16.In choosing between burger and shirts, consumer increase their purchases of each until
-the marginal utility from the last rupee spent on one is the same as on the another
-the marginal utility from the last rupee of burger is the same as from the last shirt
-the total utility from one is the same as from the other
-none of the above
17.A movement on the demand curve will take place when there is
-a change in own price of the product
-a change in price of a substitute
-a change in consumer preferences
-an increase in per capita income
18.A firm is in equilibrium when
-marginal revenue is equal to marginal cost
-marginal revenue is more than marginal cost
-marginal cost of the firm is rising
-both conditions 1 and 2 are fulfilled
19.the law of diminishing marginal utility states that
-the total utility falls continuously additional unit of a product
-the marginal utility falls continuously with consumption additional unit of a product
-the average utility falls continuously with consumption additional unit of a product
-the marginal utility falls continuously with consumption total unit of a product
20.An increase in the money supply leads to a(n)
-decline in interest rates ,an increase in investment and an increase in aggregate demand
-decline in interest rate a decrease in investment and an increase in aggregate demand
-decline in interest rate an increase in investment and a decline in aggregate demand
-increase in interest rate an increase in investment and an increase in aggregate demand
21.If the economy experiences a contractionary gap and the RBI stimulates the economy
-The money supply is decreasing because the RBI makes open market sales
-The money supply is increasing because the RBI makes open market purchases
-The money supply is increasing because the RBI prints more money
-The money supply is decreasing because the RBI hoards money
22.when prices increase at a such speed that the value of money falls drastically is called as
-Headline inflation
-Core inflation
-Hyperinflation
-Stagflation
23.If marginal product of labour is lesser than average product of labour then average product of labour is
-Constant
-Decreasing
-Increasing
-Maximum
24.Cartel is
-a form of overt collusion
-a form of tacit collusion
-used to explain price rigidity
-non collusive oligopoly
25.To close a contractionary gap using fiscal policy, the government can
-Increase government spending by the size of the gap
-decrease government spending by the size of the gap
-increase government spending by less than the size of the gap
-decrease government spending by more than the size of the gap
26.The firm is a price taker under
-Perfect competition
-Oligopoly
-monopolistic competition
-all of these
27.Demand curve slopes downward due to
-income effect
-substitution effect
-diminishing marginal utility
-all of the above
28.Demand pull inflation is due to
-increase in money supply
-increase in purchasing power
-increasing in income with the population
-all of these
29.which of the following will not increase when net taxes decrease?
-saving
-disposable income
-consumption
-government expenditure
30.Total fixed cost includes cost of
-plant and machinery
-plant and machinery and depreciation cost of plant
-routine maintenance of plant
-plant and machinery and routine maintenance of
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1YR PGDM
Semester 1
strategy
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