B.COM ECO-1 MCQ's




Question 211 :
Functional relationship is denoted by symbol ‘P’.

  1. TRUE
  2. FALSE
  

Question 212 :
_____ is the desire for a commodity which is backed by ability and willingness to pay its price.

  1. Demand
  2. Supply
  3. Demand function
  4. Supply function
  

Question 213 :
The demand curve under monopolistic competition is more elastic in comparison to demand curve under monopoly.

  1. TRUE
  2. FALSE
  

Question 214 :
Under oligopoly the firm faces a _____ demand curve.

  1. horizontal
  2. vertical
  3. upward sloping
  4. Kinked (Indeterminate)
  

Question 215 :
A monopoly firm faces a upward sloping demand curve.

  1. TRUE
  2. FALSE
  

Question 216 :
_____ analysis helps to identity the various factors influencing the demand for a product.

  1. Supply
  2. Demand
  3. Production
  4. Cost
  

Question 217 :
Demand varies directly with price.

  1. TRUE
  2. FALSE
  

Question 218 :
The demand curve under monopoly is a _____ curve.

  1. upward sloping
  2. downward sloping
  3. horizontal straight line
  4. None of the above
  

Question 219 :
_____ is concerned with planning and control of capital expenditure.

  1. Capital management
  2. Profit management
  3. Market management
  4. None of these
  

Question 220 :
Equation expresses two expression or variables.

  1. TRUE
  2. FALSE
  

Question 221 :
When demand is perfectly elastic, the demand curve is _____.

  1. horizontal straight line
  2. vertical straight line
  3. Steep
  4. None of the above
  

Question 222 :
_____ cover topics such as cost concepts, methods of estimating costs etc.

  1. Production analysis
  2. Supply analysis
  3. Cost analysis
  4. Demand analysis
  

Question 223 :
Incremental concept is closely related to the cost only.

  1. TRUE
  2. FALSE
  

Question 224 :
The market demand curve slopes _____ from left to right.

  1. downward
  2. upward
  3. horizontal
  4. vertical
  

Question 225 :
The demand curve for an oligopoly firm is indeterminate.

  1. TRUE
  2. FALSE
  

Question 226 :
Shift in the supply curve to the left will increase the _____.

  1. Market demand
  2. equilibrium price
  3. Market supply
  4. none of these
  

Question 227 :
Shift in the supply curve to the left will _____ the equilibrium price.

  1. no effect
  2. increase
  3. decreased
  4. none of these
  

Question 228 :
The market supply schedule shows _____ relationship between price and quantity supplied.

  1. inverse
  2. direct
  3. no
  4. none of these
  

Question 229 :
Shift in the supply curve to the left will increase the equilibrium price

  1. TRUE
  2. FALSE
  

Question 230 :
The scope of business economics cover all major aspects of _____ analysis.

  1. macro–economics
  2. micro–economic
  3. Business economic
  4. Indian economy
  

Question 231 :
With an increase in supply, demand remaining unchanged, the equilibrium price rises.

  1. TRUE
  2. FALSE
  

Question 232 :
As price generate income to the firm, _____ are important for business economics.

  1. pice fixation
  2. Production analysis
  3. pricing practices
  4. None of these
  

Question 233 :
Shift in the demand curve to the left will increase the equilibrium price.

  1. TRUE
  2. FALSE
  

Question 234 :
The price determination theories in different market conditions enable the firm to solve the _____ problems.

  1. Supply analysis
  2. pricing practices
  3. None of these
  4. pice fixation
  

Question 235 :
As price _____ , quantity demanded decreases and quantity supplies increases.

  1. decreases
  2. increases
  3. remain constant
  4. None of these
  

Question 236 :
A case of decrease in supply, demand remaining unchanged, the equilibrium price _____.

  1. falls
  2. rises
  3. constant
  4. None of these
  

Question 237 :
A case of increase in demand, supply remaining unchanged, the equilibrium price _____.

  1. rises
  2. falls
  3. constant
  4. none of these
  

Question 238 :
The point at which the quantity demanded equals supplied is the _____.

  1. total supply
  2. total demand
  3. equilibrium point
  4. none of these
  

Question 239 :
The equilibrium price will change wherever there is a change in income only.

  1. TRUE
  2. FALSE
  

Question 240 :
_____ enables the manger to become a more competent model builder.

  1. Indian economy
  2. Business economics
  3. macro–economics
  4. micro–economic
  
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