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Business and Economics - General Knowledge Questions
A)
Goodwill impairment
B)
Expenditure on advertising
C)
Amortisation
D)
Depreciation

Correct Answer : Option (B) - Expenditure on advertising

A)
Product homogeneity
B)
Fairly large number of firms
C)
Independent price-output policy
D)
Co-existence of efficient and inefficient firms

Correct Answer : Option (A) - Product homogeneity

A)
is zero
B)
increase
C)
decrease
D)
is negative

Correct Answer : Option (C) - decrease

A)
Maximise the sales / profit
B)
Share the consumer's surplus
C)
Reduce the welfare of masses
D)
Increase the welfare of masses

Correct Answer : Option (D) - Increase the welfare of masses

A)
The marginal rate of substitution is equal to the ratio of prices of the two goods
B)
Ratio of marginal utilities of the two goods is equal to the ratio of their respective prices
C)
The marginal rate of substitution is decreasing
D)
Ratios of marginal utilities and price of the respective goods are equal

Correct Answer : Option (C) - The marginal rate of substitution is decreasing

A)
Marginal production is zero
B)
Average production is maximum
C)
Marginal production is maximum
D)
Average production is equal to the marginal production

Correct Answer : Option (A) - Marginal production is zero

A)
Sivaraman Working Group
B)
Narasimham Working Group
C)
D.R. Gadgil Working Group
D)
D.R. Mehta Working Group

Correct Answer : Option (B) - Narasimham Working Group

A)
Accelerated Income recognition
B)
Estate planning
C)
Money Laundering
D)
Tax Avoidance

Correct Answer : Option (D) - Tax Avoidance

A)
Agricultural Sector
B)
Industrial Sector
C)
Service Sector
D)
None of the above

Correct Answer : Option (C) - Service Sector

A)
'Economic Growth for an Innovative Future'
B)
'Growth, Equity and Inclusiveness'
C)
'Growth with Sustainable Future'
D)
'Development with Equity'

Correct Answer : Option (A) - 'Economic Growth for an Innovative Future'