BUSINESS AND ECONOMICS
A)
Cilory
B)
Flipkart
C)
Simsim
D)
Amazon

Correct Answer : Option (C) - Simsim

Note :

Google's YouTube has signed a definitive agreement to buy video shopping app simsim as it looks to help discover and buy products from Indian retailers. The terms of the acquisition were not disclosed.
 
“Online video will continue to grow as the primary way to find information, entertainment and connections in India,” Google India said in a blogpost. “With over 2,500 YouTube creators with over one million subscribers, and the success of YouTube Shorts, which we launched in India first, we’re committed to growing the creator community by making it even easier for the new generation of mobile-first creators to get started."

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A)
Normal goods
B)
Luxury goods
C)
Giffen goods
D)
Inferior goods

Correct Answer : Option (C) - Giffen goods

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A)
If AC Falls, MC will rise
B)
If AC rises, MC also rises
C)
Both AC & MC are calculated from TC
D)
For the minimum point of AC, average cost is equal to marginal cost

Correct Answer : Option (A) - If AC Falls, MC will rise

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A)
Maximisation of profits
B)
Maximisation of sales
C)
Maximisation of owner's wealth
D)
None of the above

Correct Answer : Option (D) - None of the above

Note : Ans : Maximisation of business wealth (Wealth maximisation is the concept of increasing the value of the business in order to increase the value of the shares held by shareholders, therefore it is an objective of enterprise.)

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A)
Indifference curve
B)
Revealed preference
C)
Utility
D)
None of the above

Correct Answer : Option (B) - Revealed preference

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A)
Convex to the origin
B)
Downward sloping
C)
Two indifference curves can intersect each other
D)
None of the above

Correct Answer : Option (C) - Two indifference curves can intersect each other

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A)
Elasticity of substitution as constant and unity
B)
Elasticity of substitution as unity
C)
Constant return to scale
D)
Power function

Correct Answer : Option (A) - Elasticity of substitution as constant and unity

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A)
Price-demand
B)
Cross-Demand
C)
Income-Demand
D)
None of the above

Correct Answer : Option (B) - Cross-Demand

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A)
increase in demand
B)
decrease in demand
C)
both (a) and (b)
D)
None of the above

Correct Answer : Option (C) - both (a) and (b)

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A)
Remains constant
B)
Increases
C)
Decreases
D)
None of the above

Correct Answer : Option (A) - Remains constant

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