Managerial Economics (CBSE-NET (UGC) Management (Paper-II & Paper-III)): Questions 21 - 25 of 33

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Question number: 21

» Managerial Economics » Demand Analysis

Appeared in Year: 2015

MCQ▾

Question

Which one of the following assumptions is not related to consumer behaviour based on the cardinal utility approach? (Dec. )

Choices

Choice (4) Response

a.

Diminishing marginal utility of money

b.

Utility cardinally measurable

c.

Rationality

d.

Maximization of satisfaction with limited money income

Question number: 22

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

If two commodities are complementary, then the rise in the price of one commodity will induce (December)

Choices

Choice (4) Response

a.

A backward shift in demand curve for the other commodity

b.

No shift in demand curve for the other commodity

c.

An upward shift of demand curve

d.

A rise in the price of other commodity

Question number: 23

» Managerial Economics » Demand Analysis

MCQ▾

Question

In capital economic system which forces together determine the resource allocation and price?

Choices

Choice (4) Response

a.

Demand

b.

Supply

c.

Both a. and b. are correct

d.

None of the above

Question number: 24

» Managerial Economics » Demand Analysis

MCQ▾

Question

In developing country ________ is the reason for the very low demand for a product?

Choices

Choice (4) Response

a.

High income

b.

Low income

c.

None of the above

d.

Question does not provide sufficient data or is vague

Question number: 25

» Managerial Economics » Demand Analysis

Appeared in Year: 2012

MCQ▾

Question

Giffen goods are those goods (June Paper II)

Choices

Choice (4) Response

a.

which have high elasticity of demand

b.

which gives rise to a Cob-Web situation. A

c.

which are in short supply

d.

for which demand increases as price decreases

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