Question 1

Which of the following is not an example of macro economics

Accepted Answer

A)  GDP
B)  General price level
C)  Salary of a policeman
D)  Total savingsE) B) and D)
F) A) and B)

Question 2

The contribution is the difference between total revenue and ___________________

Accepted Answer

A)  Fixed cost
B)  Variable cost
C)  Actual cost
D)  Full costE) All of the above
F) B) and D)

Question 3

Unit Trust of India was set up in ____________________

Accepted Answer

A)  1964
B)  1965
C)  1966
D)  1967E) C) and D)
F) B) and D) A

Question 4

Break - even point is the point where________________________

Accepted Answer

A)  TR>TC
B)  TR=TC
C)  TR
D)  None of theseE) All of the above
F) A) and B)

Question 5

Expand PIN

Accepted Answer

A)  Personal intelligence number
B)  Private identification number
C)  Personal identification
D)  Essential consumer goodsE) None of the above
F) All of the above

Question 6

TR and TC are in Trade off with one another when___________________

Accepted Answer

A)  TR>TC
B)  TR
C)  TR=TC
D)  None of theseE) A) and D)
F) All of the above C

Question 7

Profit is the difference between total cost and ___________________

Accepted Answer

A)  Total revenue
B)  Total expenditure
C)  Marginal revenue
D)  None of theseE) A) and B)
F) All of the above

Question 8

Exchange control department of the RBI was constituted in

Accepted Answer

A)  1937
B)  1938
C)  1939
D)  1940E) A) and C)
F) None of the above

Question 9

Out of pocket cost are _______________ cost

Accepted Answer

A)  Implicit
B)  Explicit
C)  Actual
D)  FullE) All of the above
F) A) and C)

Question 10

The difference between break even sales and actual sales is known as _________________

Accepted Answer

A)  Margin of safety
B)  Volume ratio
C)  Profit
D)  ContributingE) All of the above
F) B) and D)

Question 11

Alternative cost is also known as a ____________________

Accepted Answer

A)  Book cost
B)  Actual cost
C)  Opportunity cost
D)  Full costE) None of the above
F) A) and D)

Question 12

Cost theory explains the relationship between cost &_________________

Accepted Answer

A)  Price
B)  Output
C)  Profit
D)  RevenueE) A) and C)
F) B) and D) B

Question 13

Which is known as the central bank of India

Accepted Answer

A)  RBI
B)  ICICI
C)  IDBI
D)  SBIE) None of the above
F) All of the above

Question 14

Commercial banks grant____________________loans

Accepted Answer

A)  Long term
B)  Medium
C)  Short term
D)  None of theseE) A) and B)
F) A) and C)

Question 15

Who is the Governor of RBI

Accepted Answer

A)  Raghuram Rajah
B)  C.K.Patel
C)  P.Chidambaram
D)  Kapil sibalE) None of the above
F) B) and C)

Question 16

'How to produce ' is a ____________ economic problem

Accepted Answer

A)  Macro
B)  Micro
C)  Mixed
D)  None of theseE) C) and D)
F) All of the above

Question 17

Which of the following is not an example for complementary goods

Accepted Answer

A)  Tea and coffee
B)  Car and petrol
C)  Ink and ink pen
D)  Bread and butterE) A) and B)
F) None of the above

Question 18

The law of demand can be illustrated through______________________

Accepted Answer

A)  Supply schedule
B)  Demand schedule
C)  Price schedule
D)  None of theseE) C) and D)
F) None of the above

Question 19

Which bank concentrates on export promotion]

Accepted Answer

A)  EXIM
B)  ADB
C)  ICICI
D)  IFCIE) B) and C)
F) A) and D)

Question 20

Who is the father of economics

Accepted Answer

A)  Samuelson
B)  Robinson
C)  Keynes
D)  Adam smithE) None of the above
F) A) and B)

Exam 1: Economics: Concepts and Institutions

Which of the following is not an example of macro economics

Correct AnswerverifiedShow Answer

The contribution is the difference between total revenue and ___________________

Correct AnswerverifiedShow Answer

Unit Trust of India was set up in ____________________

Correct AnswerverifiedA

Break - even point is the point where________________________

Correct AnswerverifiedShow Answer

Expand PIN

Correct AnswerverifiedShow Answer

TR and TC are in Trade off with one another when___________________

Correct AnswerverifiedC

Profit is the difference between total cost and ___________________

Correct AnswerverifiedShow Answer

Exchange control department of the RBI was constituted in

Correct AnswerverifiedShow Answer

Out of pocket cost are _______________ cost

Correct AnswerverifiedShow Answer

The difference between break even sales and actual sales is known as _________________

Correct AnswerverifiedShow Answer

Alternative cost is also known as a ____________________

Correct AnswerverifiedShow Answer

Cost theory explains the relationship between cost &_________________

Correct AnswerverifiedB

Which is known as the central bank of India

Correct AnswerverifiedShow Answer

Commercial banks grant____________________loans

Correct AnswerverifiedShow Answer

Who is the Governor of RBI

Correct AnswerverifiedShow Answer

'How to produce ' is a ____________ economic problem

Correct AnswerverifiedShow Answer

Which of the following is not an example for complementary goods

Correct AnswerverifiedShow Answer

The law of demand can be illustrated through______________________

Correct AnswerverifiedShow Answer

Which bank concentrates on export promotion]

Correct AnswerverifiedShow Answer

Who is the father of economics

Correct AnswerverifiedShow Answer

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A

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C

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B

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