Ece Dept Economics For Engineers Hu 501

Prices

Physical quantities

Variations arising out of difference in situations like time and place changes

All the above

Assets -Expenses + Losses = Capital + Liabilities

Total Assets = Liabilities + Capital

Incomes + Capital - Liabilities = Assets + Expenses

None of thee above

Policy formation

Economic barometer

Measures purchasing power

Current trends

All of these

Increase in expenses /losses

Decrease in Liabilities

Increase in assets

All the above

Debit

Credit

Increase in Credit

None of the above

Business separate entity

Accounting period

Going concern

Full disclosure

Deflation

Reflation

Disinflation

All the above

All long term costs are variable costs

Fixed costs are only for short term

Increase in Total Cost resulting from increase in level of output is Marginal Cost

All of these

Trading account

Profit & Loss Account

Balance Sheet

None of the above

(Current Year/Base Year ) X 100

(Base Year /Current Year ) X 100

(Base Year * 100) / Current Year

None of these

Cash A/C (Dr) To Furniture A/C (Cr)

Furniture A/C (Dr) To Cash A/C (Cr)

Furniture A/C (Dr) To Purchase A/C (Cr)

Purchase A/C (Dr) To Furniture A/C (Cr)

Government revenues

Government expenditure

All of these

None of these

Manipulating bank rate

Varying percentage of cash reserve held in banks

Open market operations

All the above

Bank A/C (Dr) To Travelling Expenses A/C (Cr)

Travelling expenses A/C (Dr) To Bank A/C (Cr)

Cash A/C (Dr) To Expenses A/C (Cr)

Employee A/C (Dr) To Bank A/C (Cr)

Increase in money supply

Increase in aggregate spending

Production volume falls

All the above

Decrease in profit from the project

Increase in profit from the project

Increase in cost of the project

Decrease in cost of the project

Examine complex problem spheres

Reach economic decision

Careful analysis of consequences

All the above

All inputs in short run are fixed

Some inputs in the long run are fixed

Cost curves in the short run are planning curves

Cost curves in the long run are operating curves

None of these

Asset side of Balance Sheet

Liability side of balance Sheet

Debit of Profit and Loss account

Credit of Profit and Loss account

Net Sales + Cost of Goods Sold

Net Sales - Cost of Goods Sold

Net sales - net purchases

Sales - Cost of goods Sold

Marginal Product dimisinhes and becomes zero when total product starts declining and average product continues to decline

Inferior goods are those for which demand falls when income rises

The input market includes land, labour and capital market.

Higher income increases the demand for inferior goods

Banks and creditors

Debtors

Ordinary shareholders

None of them

Aim to disturb businessenvironment the least

Minimise expnsiture

Maximise profit

All the above

Minimising benefit

Maximising cost

Reducisng overheads

None of the above