NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 1173 - 1176 of 1264

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Question number: 1173

» Business Economics » Cost

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Appeared in Year: 2019

MCQ▾

Question

“Economics is the study of mankind in the ordinary business of life”. Which kind of definition is it?

(June Paper-2)

Choices

Choice (4) Response

a.

Wealth definition

b.

Welfare definition

c.

Scarcity definition

d.

Growth definition

Question number: 1174

» Business Economics » Price Determination in Different Market Situations » Monopolistic Competition

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Appeared in Year: 2019

Match List-Ⅰ List-Ⅱ▾

Question

Match List I with List II: (June Paper-2)

List-Ⅰ (Market Structure) List-Ⅱ (Features)

(A)

Monopolistic Competition

(i)

Homogenous or differentiated products

(B)

Perfect Competition

(ii)

Factors of production are freely mobile between firms

(C)

Monopoly

(iii)

Legal restrictions on entry of new firms

(D)

Oligopoly

(iv)

Factors of production are freely mobile between firms

Choices

Choice (4) Response
  • (A)
  • (B)
  • (C)
  • (D)

a.

  • (i)
  • (ii)
  • (iv)
  • (iii)

b.

  • (i)
  • (iv)
  • (iii)
  • (iv)

c.

  • (ii)
  • (iii)
  • (iv)
  • (i)

d.

  • (i)
  • (iv)
  • (ii)
  • (iii)

Question number: 1175

» Human Resources Management » Compensation

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Appeared in Year: 2019

Assertion-Reason▾

Question

Assertion (Ꭺ)

Though closely related, job evaluation and performance appraisal are not the same. (June)

Reason (Ꭱ)

The purpose of Job evaluation is to fix the remuneration and other relevant benefits.

Choices

Choice (4) Response

a.

Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ

b.

Ꭺ is true but Ꭱ is false

c.

Both Ꭺ and Ꭱ are false

d.

Ꭺ is false but Ꭱ is true

Question number: 1176

» Business Economics » Price Determination in Different Market Situations » Price Discrimination and Oligopoly

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Appeared in Year: 2019

MCQ▾

Question

Which one of the following is NOT the pre - requisite of price discrimination? (June)

Choices

Choice (4) Response

a.

Firm must have monopoly power

b.

Markets are separated and segmented

c.

Product have multiple close substitutes and different uses

d.

Price elasticity of product must differ in different markets

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