NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 884 - 886 of 1426

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Question number: 884

» Business Economics » Price Determination in Different Market Situations » Monopoly

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Appeared in Year: 2009

MCQ▾

Question

Which one of the following statements is correct? (December)

Choices

Choice (4)Response

a.

Monopolist operates on an inelastic demand curve.

b.

Monopolist always makes (economic) profit.

c.

Monopolist charges the maximum possible price.

d.

All of the above

Question number: 885

» Business Environment » Legal Environment of Business in India » Consumer Protection Act (New 2019)

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Appeared in Year: 2009

MCQ▾

Question

If the amount claimed by a consumer as compensation is Rs. 89 lacs, the case under The Consumer Protection Act shall be filed with (December)

Choices

Choice (4)Response

a.

Supreme Court

b.

District Consumer Redressal Forum

c.

State Consumer Disputes Redressal Commission

d.

National Consumer Disputes Redressal Commission

Question number: 886

» Business Statistics and Data Processing » Probability Distribution » Binominal Distribution (New 2019)

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Appeared in Year: 2018

MCQ▾

Question

Choose the correct code for the following statements being correct or incorrect. (December)

Statement I: If the value of , i. e, , of a distribution gives the value more than 3, its curve is platykurtic.

Statement II: In a moderately asymmetrical distribution, the standard deviation is 1.25 times of mean deviation.

Choices

Choice (4)Response

a.

Statements I and II are incorrect.

b.

Statement I is correct, but II is incorrect.

c.

Statements I and II are correct.

d.

Statement II is correct, but I is incorrect.

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