NTA-NET (Based on NTA-UGC) Commerce (Paper-II): Questions 1173 - 1176 of 1264
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Question number: 1173
Appeared in Year: 2019
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 |
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| b. | Welfare definition |
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| c. | Scarcity definition |
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| d. | Growth definition |
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Question number: 1174
» Business Economics » Price Determination in Different Market Situations » Monopolistic Competition
Appeared in Year: 2019
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 | |
|---|---|---|
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| a. |
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| b. |
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| c. |
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| d. |
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Question number: 1175
» Human Resources Management » Compensation
Appeared in Year: 2019
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 |
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| b. | Ꭺ is true but Ꭱ is false |
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| c. | Both Ꭺ and Ꭱ are false |
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| d. | Ꭺ is false but Ꭱ is true |
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Question number: 1176
» Business Economics » Price Determination in Different Market Situations » Price Discrimination and Oligopoly
Appeared in Year: 2019
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 |
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| b. | Markets are separated and segmented |
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| c. | Product have multiple close substitutes and different uses |
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| d. | Price elasticity of product must differ in different markets |
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