ECONOMICS AND BUSINESS ENVIRONMENT – CSEET MCQ SERIES 14

1.         The functional relationship of Law of Demand is denoted by: a.         Dx = q(Px) b.         Dx = s(Px) c.         Dx = f(Px) d.         Dx = r(Px) 2.         “No Change in Consumer Preferences” is the assumption of which of the following laws of economics? a.         Law of Constant Returns to Scale b.         Law of Demand…

ECONOMICS AND BUSINESS ENVIRONMENT – CSEET MCQ SERIES 13

1.         The functional relationship of Law of Demand is denoted by: a.         Dx = q(Px) b.         Dx = s(Px) c.         Dx = f(Px) d.         Dx = r(Px) 2.         “No Change in Consumer Preferences” is the assumption of which of the following laws of economics? a.         Law of Constant Returns to Scale b.         Law of Demand…

ECONOMICS AND BUSINESS ENVIRONMENT – CSEET MCQ SERIES 12

1.         When a small change in price of a product causes a major change in its demand, it is said to be           . a.         Relatively inelastic demand b.         Perfectly elastic demand c.         Perfectly inelastic demand d.         Unitary elastic demand 2.         Which of the following is not the method of measuring national income? a.         Product Method…

ECONOMICS AND BUSINESS ENVIRONMENT – CSEET MCQ SERIES 11

1.         According to   , other things being equal, if price of commodity falls, the quantity demanded of it will rise, and if price of commodity rises, its quantity will decline. a.         Law of Demand b.         Law of Supply c.         Law of Diminishing Marginal Utility d.         Law of Increasing Marginal Utility 2.         The components of Capital…

ECONOMICS AND BUSINESS ENVIRONMENT – CSEET MCQ SERIES 9

1.                     is an online procurement platform for government ministries and departments, and the most widely used channel for public procurement in India. a.         Government e Manufacturing Plan b.         Government e Model place c.         Government e Marketplace d.         Government e Manufacturing place 2.         The Law of Demand governs the relationship between the   and the .…

ECONOMICS AND BUSINESS ENVIRONMENT – CSEET MCQ SERIES 8

1.         From the following information, calculate Personal Income. Private Income = INR 2000 crore Undistributed Corporate Profits = INR 400 crore Taxes on Profits = INR 100 crore a.         INR 1500 Crore b.         INR 2400 Crore c.         INR 2100 Crore d.         INR 1900 Crore 2.                    refers to market value of the final goods and…