Business and Economics - General Knowledge Questions

1 .
The elasticity of substitution between two inputs in CES production function
A)
Remains constant
B)
Increases continuously
C)
Decreases continuously
D)
None of the above

Correct Answer :   Remains constant

2 .
The Law of Dirninishing Returns is applied to all fields of production was stated by
A)
Walras
B)
David Ricardo
C)
A. C. Pigou
D)
Alfred Marshall

Correct Answer :   Alfred Marshall

3 .
Under bilateral monopoly the price is higher if
A)
The monopsonist has his way
B)
The monopolist has his way
C)
The monopolist acts as a competitor
D)
The monopolist sells his own product in a monopoly market

Correct Answer :   The monopolist has his way

4 .
The degree of monopoly power can be measured by the formula
A)
MR / (AR - MR)
B)
(AR -MR ) / MR
C)
(P - MC) / P
D)
AR / (AR - MR)

Correct Answer :   (P - MC) / P

5 .
Law of diminishing marginal utility states
A)
The additional benefit which a person derives from a given increase of his stock of a thing diminishes with every increase in stock that he has already
B)
Total utility diminishes with the consumption of every additional unit
C)
Utility always diminishes whether something is consumed or not
D)
Utility first increases and after that diminishes at every point

Correct Answer :   The additional benefit which a person derives from a given increase of his stock of a thing diminishes with every increase in stock that he has already

6 .
Which one of the following is not included in the working capital of a farm?
A)
Seed
B)
Fertilizer
C)
Irrigation water
D)
Land revenue

Correct Answer :   Land revenue

7 .
Those entities whose failure can threaten the survival of other institutions which in turn can possibly lead to a financial crisis are known as
A)
Systemically Meaningful Financial Institutions
B)
Systemically Financial Important Institutions
C)
Systemically volatile Financial Institutions
D)
Systemically Capricious Financial Institutions

Correct Answer :   Systemically Financial Important Institutions

8 .
A Global Depository Receipt (GDR) is also known as
A)
International Depository Receipt (IDR)
B)
Domestic Depository Receipt (DDR)
C)
Inter Continental Depository Receipt (ICDR)
D)
Commercial Depository Receipt (CDR)

Correct Answer :   International Depository Receipt (IDR)

9 .
Who has become the first Indian state to ratify Constitution Amendment Bill on the Goods and Service Tax (GST) ?
A)
Haryana
B)
Assam
C)
Maharashtra
D)
West Bengal

Correct Answer :   Assam

10 .
Which decision making style is most productive ?
A)
Aggressive
B)
Passive
C)
Assertive
D)
Passive-aggressive

Correct Answer :   Assertive

Quick Links
Interview Questions
S/W Technology
Civil,   Mech
ECE,   EEE
More Technologies
MCQ (or) Quiz
S/W Technology
Civil,   Mech
ECE,   EEE
Aeronautical
Example Programs
C Language,   C++,   Java,   PHP,   Python
Articles
Marketing Management
Tech Updates
Tech Articles
Tools
Color Picker
Interest Calculator
EMI Calculator
Vehicle EMI Calculator
Compailers
HTML
C & CPP
PHP
Python