Managerial Economics (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 9 - 12 of 22

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Question number: 9

» Managerial Economics » Demand Analysis

Appeared in Year: 2015

MCQ▾

Question

Which one of the following assumptions is not related to consumer behavior based on the cardinal utility approach? (December)

Choices

Choice (4) Response

a.

Maximization of satisfaction with limited money income

b.

Diminishing marginal utility of money

c.

Rationality

d.

Utility cardinally measurable

Question number: 10

» Managerial Economics » Market Structures

MCQ▾

Question

Rise in general price level along with declining output in the economy is called (June 2014 Paper II)

Choices

Choice (4) Response

a.

Inflation

b.

Stagflation

c.

Deflation

d.

Demand-pull inflation

Question number: 11

» Managerial Economics » Market Structures

Appeared in Year: 2015

Match List-Ⅰ List-Ⅱ▾

Question

Match the items of List – I with the items of List – II and find the correct combination: (dec)
List-Ⅰ List-Ⅱ

(A)

Perfect competition

(i)

Manufacturing: T. V. Sets, Refrigerators

(B)

Monopolistic competition

(ii)

Aluminium and passenger cars

(C)

Monopoly

(iii)

Public utilities like Telephones and Electricity

(D)

Oligopoly

(iv)

Farm Products: Grains

Choices

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

a.

  • (ii)
  • (iii)
  • (i)
  • (iv)

b.

  • (iv)
  • (ii)
  • (iii)
  • (i)

c.

  • (iv)
  • (i)
  • (iii)
  • (ii)

d.

  • (i)
  • (ii)
  • (iii)
  • (iv)

Question number: 12

» Managerial Economics » Demand Analysis

Appeared in Year: 2014

MCQ▾

Question

In case a decrease in price of a commodity results in an increase in its demand on a negatively sloping demand curve, it is called (June)

Choices

Choice (4) Response

a.

An increase in demand

b.

An increase in quantity demanded

c.

Law of demand

d.

None of the above

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