Managerial Economics-Market Structures (CBSE-NET (Based on NTA-UGC) Management (Paper-II)): Questions 1 - 5 of 6

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Question number: 1

» 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: 2

» Managerial Economics » Market Structures

Appeared in Year: 2012

MCQ▾

Question

What is the characteristic of a purely competitive market? (December)

Choices

Choice (4) Response

a.

Few Buyers

b.

Abnormal profit

c.

Few Sellers

d.

Large number of buyers and sellers

Question number: 3

» 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 (Market Structure) List-Ⅱ (Nature Of Industry Where Prevalent)

(A)

Monopoly

(i)

Manufacturing; TV sets, refrigerators

(B)

Oligopoly

(ii)

Farm Products; Grains

(C)

Monopolistic competition

(iii)

Public utilities like telephone and electricity

(D)

Perfect Competition

(iv)

Aluminium & passenger cars

Choices

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

a.

  • (ii)
  • (iii)
  • (i)
  • (iv)

b.

  • (iii)
  • (i)
  • (iv)
  • (ii)

c.

  • (iii)
  • (iv)
  • (i)
  • (ii)

d.

  • (i)
  • (iii)
  • (ii)
  • (iv)

Question number: 4

» Managerial Economics » Market Structures

Appeared in Year: 2012

MCQ▾

Question

Which of the following is the condition for equilibrium for Monopolist? (June Paper II)

Choices

Choice (4) Response

a.

MR = MC = Price

b.

AC = AR

c.

MC = AR

d.

MR = MC

Question number: 5

» Managerial Economics » Market Structures

Appeared in Year: 2013

MCQ▾

Question

Which one of the following statements is true? (June Paper II)

Choices

Choice (4) Response

a.

With the help of Economic Theories, it is always possible to predict the future accurately.

b.

Every Economic Theory is based on realistic facts which are common to all societies.

c.

Knowledge of Economic Theory is misleading in making business decisions.

d.

Business decisions cannot be taken without a sound knowledge of Macro Economic Theories.

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