MCQ On Economics And Finance

5 Questions | Total Attempts: 426

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MCQ On Economics And Finance - Quiz

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Questions and Answers
  • 1. 
    What is the amount of del-credere commission when credit sale is Rs.200000 & cash sale is Rs.150000, the amount of commission being 10%?
    • A. 

      20000

    • B. 

      15000

    • C. 

      35000

    • D. 

      None of the three

  • 2. 
    If electricity demand is inelastic and electric rates increase, which of the following is likely to occur?
    • A. 

      Quantity demanded will fall by relatively large amount.

    • B. 

      Quantity demanded will fall by relatively small amount.

    • C. 

      Quantity demanded will rise in the short-run but fall in the long-run.

    • D. 

      Quantity demanded will fall in the short-run but rise in the long-run.

  • 3. 
    When the invoice/bill is made payable on a specific date then the due date is
    • A. 

      That specific date

    • B. 

      Date on which the term of the bill expires

    • C. 

      The date which comes after adding stated number of days

    • D. 

      The due date of the last bill

  • 4. 
    Unemployment is lower in
    • A. 

      Rural than urban areas

    • B. 

      Urban than rural areas

    • C. 

      Same in both rural and urban areas

    • D. 

      None of these

  • 5. 
    If each item is reduced by 15 , the standard deviation is
    • A. 

      Increased by 15

    • B. 

      Decreased by 15

    • C. 

      Unchanged

    • D. 

      None

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