1. Profit is the only objective of all business firms (a) True (b) False (c) Partly True (d) Partly False 2. Modern business is …………….. (a) Constant (b) Profitable (c) Dynamic (d) Stable 3. Features of business environment does not include: (a) Uncertainty (b) Relativity (c) Static Nature (d) Specific and General forces 4. Types…
1. Which ministry is responsible for co-ordination of all skill development efforts across the country? (a) Ministry of finance (b) Ministry of skill development and Entrepreneurship (c) Ministry of Corporate (d) All of these 2. The functional arms of Ministry of Skill Development and Entrepreneur- ship are: (a) National Skill Development Agency (NSDA) (b) National…
PRACTICE QUESTIONS 1. In terms of agriculture which of these is the most developed state? (a) Punjab (b) Bihar (c) U.P. (d) Haryana 2. …………….. sector is treated as the major source of savings. (a) Agriculture (b) Industrial (c) Service (d) None of these 3. Which of these is not a linkage between agriculture and…
1. A Non-Banking Financial Company (NBFC) is a company registered under the …………….. . (a) RBI Act 1934 (b) Companies Act, 1956 (c) NBFC Act 1956 (d) Government Securities Regulations, 1913 2. Which of the following activity is not permissible for NBFC? (a) loans and advances (b) acquisition of shares (c) insurance business (d) construction…
1. Which of the following is the most likely to cause current account deficit in India? I. Reduced excise duties on Sports Utility Vehicles II. Reduced duties on Gold III. Ban on export of Onions Code: (a) Both I & II (b) Both II & III (c) Only I & III (d) I, II &…
1. GNP at factor cost minus depreciation is equal to . (a) NNP at factor cost (b) NDP at factor cost (c) GDP at factor cost (d) NNP at market price. 2. As per the Value Added Method of measuring national income identify which of the following item is excluded? (a) Brokerage and Commission earned…
1. The difference between value of output and value added is : (a) Depreciation (b) Intermediate consumption (c) Net indirect taxes (d) NFIA 2. Product method of calculating national income is also known as: (a) Income method (b) Value added method (c) Expenditure method (d) Distribution method 3. Transfer payments refer to payments, which are…
1. In long run, a monopolist can make profit because of: (a) Low cost (b) Restricted entry (c) Product differentiation (d) High scales of Economy 2. The term differentiated product denotes …………….. product used by ……….. set of people. (a) Same, Differentiated (b) Different, Differentiated (c) Same, Same (d) Different, Same 3. In monopolistic competitive…
1. When price decreases, quantity demanded increase it is known as (a) Expansion of demand (b) Contraction of demand (c) Increase in demand (d) Decrease in demand 2. Which of the following is not the exception to the law of demand? (a) Giffen goods (b) Level of income (c) Future expectations (d) Conspicuous necessities 3.…
1. Contraction of demand is the result of: (a) Decrease in the number of consumers. (b) Increase in the price of the good concerned. (c) Increase in the prices of other goods. (d) Decrease in the income of purchases. 2. Identify the coefficient of price-elasticity of demand when the percentage increase in the quantity of…
