Business Economics-Nature and Uses of Business Economics [NTA-NET (Based on NTA-UGC) Commerce (Paper-II)]: Questions 1 - 3 of 14

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Question number: 1

» Business Economics » Nature and Uses of Business Economics

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Appeared in Year: 2013

MCQ▾

Question

Business economics is a subject which (December Paper- II, UGC NET)

Choices

Choice (4)Response

a.

Studies optimum allocation of limited resources

b.

Deals with the tools of economics used for decision making in business

c.

Studies economic relationship

d.

Studies economic activities at the aggregate level

Question number: 2

» Business Economics » Nature and Uses of Business Economics

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Appeared in Year: 2013

MCQ▾

Question

Demand must have the elements (June, Paper- III, UGC NET)

Choices

Choice (4)Response

a.

Want

b.

Desire

c.

Quantity, Price and Time

d.

All a. , b. and c. are correct

Question number: 3

» Business Economics » Nature and Uses of Business Economics

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Appeared in Year: 2018

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List - II with the items of List - I and indicate the code of correct matching. The items relate to economies of scale/scope. (September Paper II)

List-Ⅰ (Column I)List-Ⅱ (Column II)

(A)

Internal economies

(i)

Arise when cost per unit depends on size of the firm

(B)

Economies of scale

(ii)

Arise when cost per unit depends on the size of the industry, not the firm

(C)

External economies

(iii)

Arise with lower average costs of manufacturing a product, when two complementary products are produced by a single firm

(D)

Economies of scope

(iv)

Mean lowering of costs of production by producing in bulk

Choices

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

a.

  • (iii)
  • (iv)
  • (ii)
  • (i)

b.

  • (i)
  • (iii)
  • (iv)
  • (ii)

c.

  • (iv)
  • (i)
  • (iii)
  • (ii)

d.

  • (i)
  • (iv)
  • (ii)
  • (iii)

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