Certificate Of Economic & Finance

20 Questions | Total Attempts: 11

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Certificate Of Economic & Finance

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Questions and Answers
  • 1. 
    Micro Economic is derived from the term _____
    • A. 

      Mikros

    • B. 

      Makros

    • C. 

      Aggregate

    • D. 

      French

    • E. 

      Both B&C

  • 2. 
    Comfort are less urgent than necessaries
    • A. 

      True

    • B. 

      False

  • 3. 
    In case of Giffen good, the demand curve will be 
    • A. 

      Horizontal

    • B. 

      Vertical

    • C. 

      Download sloping to the right

    • D. 

      Upward sloping to the right

    • E. 

      None of these

  • 4. 
    Unregulated market is also called as
    • A. 

      Wholesale market

    • B. 

      Regulated market

    • C. 

      Free market

    • D. 

      Retail market

    • E. 

      Small market

  • 5. 
    A market in which there is only a single buyer and a single seller 
    • A. 

      Duopoly

    • B. 

      Oligopsony 

    • C. 

      Monopoly

    • D. 

      Perfect competition

    • E. 

      Bilateral monopoly

  • 6. 
    The four phases of the business cycle are peak, recession,trough,and recovery
    • A. 

      True

    • B. 

      False

  • 7. 
    A significant decline in general economic activity extending over a period of time is 
    • A. 

      Business cycle

    • B. 

      Recession

    • C. 

      Contraction 

    • D. 

      Trough

    • E. 

      Peak

  • 8. 
    Micro and macro Economic
    • A. 

      Interrelated

    • B. 

      Interdependent

    • C. 

      Price theory

    • D. 

      Aggregate

    • E. 

      Both A&B

  • 9. 
    Law of diminishing returns applies to both the short run and the long run
    • A. 

      True

    • B. 

      False

  • 10. 
    Diminishing marginal returns implies
    • A. 

      Decreasing average variable costs

    • B. 

      Decreasing marginal costs

    • C. 

      Increasing marginal costs

    • D. 

      Increasing marginal variable costs

    • E. 

      None of these

  • 11. 
    When Marginal utility is negative , total utility is
    • A. 

      Increasing

    • B. 

      Decreasing

    • C. 

      Zero

    • D. 

      Maximum

    • E. 

      None of these

  • 12. 
    Types of forecasting
    • A. 

      2

    • B. 

      3

    • C. 

      4

    • D. 

      5

    • E. 

      6

  • 13. 
    The  Delphi technique is developed by Olaf Hawtrey
    • A. 

      True

    • B. 

      False

  • 14. 
    Demand is ________ concept
    • A. 

      Direct 

    • B. 

      Indirect

    • C. 

      Interdependent

    • D. 

      Flow 

    • E. 

      Stcok

  • 15. 
    A Capitalist economy uses ______ as principal means of allocating resources
    • A. 

      Demand

    • B. 

      Supply

    • C. 

      Profit

    • D. 

      Capital

    • E. 

      Price

  • 16. 
    Average Revenue is also called as
    • A. 

      Demand curve

    • B. 

      Supply curve

    • C. 

      Total revenue

    • D. 

      Sock 

    • E. 

      Both A&C

  • 17. 
    Land is ______ factor
    • A. 

      Active

    • B. 

      Passive

    • C. 

      Productive

    • D. 

      Inseparable

    • E. 

      All of these

  • 18. 
    Labour is mobile factor
    • A. 

      True

    • B. 

      False

  • 19. 
    TFC = TC--TVC
    • A. 

      True

    • B. 

      False

  • 20. 
    Kinked demand curve is given by 
    • A. 

      Schumpeter

    • B. 

      J m Keynes

    • C. 

      Hawtrey

    • D. 

      Pigou

    • E. 

      Paul A.sweezy

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