Business and Economics - General Knowledge Questions

1 .

Given that cost conditions are same, in monopolistic competition price is ...... and output is ........ as compared to perfect competition.

A)

Same, lower

B)

Higher, lower

C)

Lower, higher

D)

Higher, same

Correct Answer : Higher, lower

2 .

In short run, the law of variable proportions is also known as the

A)

Law of return to scale

B)

Law of constant returns

C)

Law of increasing returns

D)

Law of diminishing returns

Correct Answer : Law of diminishing returns

3 .

Which of the following is true at equilibrium in monopolistic competition?

A)

Average revenue is greater than marginal revenue

B)

Price is greater than marginal cost

C)

Both (a) and (b)

D)

Average revenue is equal to marginal revenue

Correct Answer : Both (a) and (b)

4 .

In India, liquid funds are regulated by

A)

Reserve Bank of India

B)

Association of Mutual Funds of India

C)

Securities and Exchange Board of India

D)

National Stock Exchange of India and Bombay Stock Exchange

Correct Answer : Securities and Exchange Board of India

5 .

Which of the following is a symbol or a design or a combination that identifies the marker of a product or service ?

A)

Company Name

B)

Brand

C)

Sponsorship

D)

Advertisement

Correct Answer : Brand

6 .

Which of the following is a mode of creating charge on immovable property?

A)

Mortgage

B)

Nomination

C)

Assignment

D)

Hypothecation

Correct Answer : Mortgage

7 .

Rupee denominated bonds issues by Indian companies in order to raise funds offshore are called

A)

Masala Bonds

B)

Callable Bonds

C)

Global development

D)

Convertible Bonds

Correct Answer : Masala Bonds

8 .

Which types of industries have potentials and prospects in Bihar ?

A)

Oil refinery

B)

Forest-based industry

C)

Sand-mining industry

D)

Agro-based industry

Correct Answer : Agro-based industry

9 .

The biggest advantage of regular interaction between officers and sub-ordinates in an organisation is

A)

It satisfies the sub-ordinates

B)

It results in decrement group relations

C)

It facilitates effective decision making

D)

It discourages the sub-ordinates

Correct Answer : It facilitates effective decision making

10 .

The measurement of poverty line in India is based on the criteria of

A)

Dwelling houses

B)

Nature of employment

C)

Level of education

D)

Calorie consumption

Correct Answer : Calorie consumption

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