MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
A monopolist can charge a high price only for those commodities which have |
| A. | elastic demand |
| B. | inelastic demand |
| C. | no demand |
| D. | Rs. 17,50,500 |
| Answer» C. no demand | |
| 2. |
Break even analysis requires |
| A. | fixed cost |
| B. | variable cost |
| C. | income |
| D. | none of the above |
| E. | None of the above |
| Answer» E. None of the above | |
| 3. |
Common bases for monopoly include all of the following but |
| A. | Control over a key patent |
| B. | Extensive diseconomies of scale in production |
| C. | Control over a strategic raw material |
| D. | Extensive economies of scale in production |
| E. | Control over channels of distribution |
| Answer» C. Control over a strategic raw material | |
| 4. |
Machine loading means |
| A. | Total load of machine + load of job |
| B. | Load of machine + load of heaviest job that machine can take |
| C. | Load of machine + load of heaviest job that machine can take |
| D. | Electrical load required for the machine motors |
| E. | Amount of work assigned to a machine |
| Answer» F. | |
| 5. |
The cause of slow growth of national income in India is |
| A. | rapid population growth |
| B. | deficiency in investment |
| C. | high capital output ratio |
| D. | All of the above |
| E. | Rs. 17,50,500 |
| Answer» B. deficiency in investment | |
| 6. |
In a factory the costs which increase as output increases are known as |
| A. | Fixed costs |
| B. | Variable costs |
| C. | Total costs line |
| D. | Average fixed costs |
| E. | Average total costs |
| Answer» C. Total costs line | |
| 7. |
Recruiting is |
| A. | Judging |
| B. | Finding |
| C. | Hiring |
| D. | Matching |
| E. | All of the above |
| Answer» C. Hiring | |
| 8. |
Which is the proper requence |
| A. | Recuriting selecting placing indoctrimating |
| B. | Indoctrimating-recruiting-selecting-placing |
| C. | Recruiting-selecting-indoctrimating-placing |
| D. | Selecting-placing-recruiting-indoctrimating |
| E. | None of the above |
| Answer» B. Indoctrimating-recruiting-selecting-placing | |
| 9. |
The present value of a Rs. 100 payable one year from today its |
| A. | Rs. 100 |
| B. | Rs. 105 if the interest rate is 5% |
| C. | Rs. 110 if the interest rate is 10% |
| D. | Rs. 95 if the interest rate is 5% |
| E. | None of the above |
| Answer» E. None of the above | |
| 10. |
In break even analysis the total cost consists of |
| A. | fixed cost |
| B. | Variable cost |
| C. | Fixed cost + Variable cost |
| D. | Fixed cost + Variable cost + Profits |
| E. | Fixed cost + Variable cost + Profits + Overheads |
| Answer» B. Variable cost | |
| 11. |
All of the following are the characteristics of mixed economy EXCEPT |
| A. | Co-existence of private and public sectors |
| B. | Economic welfare |
| C. | Economic equality |
| D. | Govt. control over huge capital investment industries |
| E. | Rs. 17,50,500 |
| Answer» D. Govt. control over huge capital investment industries | |
| 12. |
In work study the symbol O implies |
| A. | Delay |
| B. | Operation |
| C. | Transport |
| D. | Inspection |
| E. | Temporary storage |
| Answer» D. Inspection | |
| 13. |
All of the following are the characteristics of socialism EXCEPT |
| A. | Lack of competition |
| B. | Government owns factors of production |
| C. | Elimination of exploitation |
| D. | Private sector to help public sector |
| E. | Rs. 17,50,500 |
| Answer» E. Rs. 17,50,500 | |
| 14. |
Budget is the major instrument of |
| A. | Fiscal policy |
| B. | Monetary policy |
| C. | Economic policty |
| D. | Export policy |
| E. | Rs. 17,50,500 |
| Answer» B. Monetary policy | |
| 15. |
Which of the following represents joint supply? |
| A. | Paan Parag and Paan Bahar |
| B. | Cigarettes and Bidis |
| C. | Radiosets and Transistors |
| D. | Birds and Cages |
| E. | Rs. 17,50,500 |
| Answer» E. Rs. 17,50,500 | |
| 16. |
The retirement benefits for workmen are covered under |
| A. | Payment of Wages Act |
| B. | Payment of Bonus Act |
| C. | Employees Provident Fund Act |
| D. | Workmen's Compensation Act |
| E. | All of the above |
| Answer» D. Workmen's Compensation Act | |
| 17. |
Which market describes a monopoly |
| A. | Many buyers and many sellers |
| B. | One seller, many buyers |
| C. | One buyer, many sellers |
| D. | Few sellers, many buyers |
| E. | One buyer, one seller |
| Answer» C. One buyer, many sellers | |
| 18. |
Which of the following item is not produced under mass production? |
| A. | Ball bearings |
| B. | Automobile tyres |
| C. | Aircraft |
| D. | Passenger cars |
| E. | Rs. 17,50,500 |
| Answer» D. Passenger cars | |
| 19. |
Which of the following agency is associated with housing? |
| A. | REC |
| B. | TRYSEM |
| C. | HUDCO |
| D. | INTUC |
| E. | Rs. 17,50,500 |
| Answer» D. INTUC | |
| 20. |
For a fact be considered as information, it must relate to a thing or circumstance and be |
| A. | Quantitatives |
| B. | Relevant |
| C. | Objective |
| D. | Added knowledge |
| E. | All of the above |
| Answer» E. All of the above | |
| 21. |
A military organisation is known as |
| A. | Line organisation |
| B. | Line and staff organisation |
| C. | Functional organisation |
| D. | Committee |
| E. | None of the above |
| Answer» B. Line and staff organisation | |
| 22. |
A good organisation requires that |
| A. | Every body should feel responsibility |
| B. | Every body should be authorised to get any work done for expeditious disposal |
| C. | Frequent change in responsibility so that every body gets the taste of every job |
| D. | Communication system should be dull so that secrets do not leakout |
| E. | Responsibilities should be clearly defined |
| Answer» F. | |
| 23. |
Capital gains are |
| A. | Unanticipated increases in income |
| B. | Income from lottery |
| C. | Income through interest earned on invetment |
| D. | Income of dividends, received from companies |
| E. | Unanticipated changes in value of property relative to the goods |
| Answer» F. | |
| 24. |
Hiring is most closely related to which of the following staffing subprocesses |
| A. | Appraisal |
| B. | Indoctrimation |
| C. | Placement |
| D. | Selection |
| E. | Recruitment |
| Answer» E. Recruitment | |
| 25. |
Who among the following offers service utility? |
| A. | Teacher |
| B. | Peon |
| C. | Philosopher |
| D. | Doctor |
| E. | Rs. 17,50,500 |
| Answer» E. Rs. 17,50,500 | |
| 26. |
From employees point of view, increased benefits are noticed by |
| A. | Needs |
| B. | Unions |
| C. | Grievances |
| D. | Common practice |
| E. | None of the above |
| Answer» B. Unions | |
| 27. |
Expediting is watching |
| A. | flow of material |
| B. | worker's activity |
| C. | minimizing delay |
| D. | none of the above |
| E. | None of the above |
| Answer» C. minimizing delay | |
| 28. |
All of the following are perquisites EXCEPT |
| A. | Leave Travel Assistance |
| B. | Contributory Provident Fund |
| C. | Travelling allowance |
| D. | Leave encashment |
| E. | Rs. 17,50,500 |
| Answer» D. Leave encashment | |
| 29. |
When prices rise |
| A. | creditors benefit |
| B. | debtors benefit |
| C. | creditors as well as debtors benefit |
| D. | no one benefits |
| E. | Rs. 17,50,500 |
| Answer» C. creditors as well as debtors benefit | |
| 30. |
Estimates or predictions are probably most indispensable in |
| A. | Planning |
| B. | Organizing |
| C. | Directing |
| D. | Control |
| E. | All of the above |
| Answer» E. All of the above | |
| 31. |
If the price index is 200, it means that the price level is |
| A. | 200 percent higher than in the base year |
| B. | 150 percent higher than in the base year |
| C. | 100 percent higher than in the base year |
| D. | 50 percent higher than in the base year |
| E. | Rs. 17,50,500 |
| Answer» D. 50 percent higher than in the base year | |
| 32. |
Which of the following law is related to health of workers? |
| A. | ESI |
| B. | Payment of wages act |
| C. | Employees Provident Fund Act |
| D. | Payment of Bonus Act |
| E. | Rs. 17,50,500 |
| Answer» B. Payment of wages act | |
| 33. |
Which of the following public sector is under the Ministry of Defence? |
| A. | Sail |
| B. | FCI |
| C. | HAL |
| D. | NTPC |
| E. | Rs. 17,50,500 |
| Answer» D. NTPC | |
| 34. |
Which of the following wage and salary criteria refer to organizationally internal wage determinants? |
| A. | Ability to pay |
| B. | Supply and demand |
| C. | Cost of living |
| D. | Prevailing pay |
| E. | Union bargaining power |
| Answer» B. Supply and demand | |
| 35. |
If the price of tea rises and that of coffee falls |
| A. | More tea will be bought |
| B. | More coffee will be bought |
| C. | More sugar will be bought |
| D. | More tea and less coffee will be bought |
| E. | Demand will depend upon the price difference |
| Answer» C. More sugar will be bought | |
| 36. |
Which would cause interest rates to rise? |
| A. | Diamond for money |
| B. | Standard of living |
| C. | Value of money |
| D. | General level of prices |
| E. | All of the above |
| Answer» B. Standard of living | |
| 37. |
One item in the list given below is not capital. Which is that item? |
| A. | Strw in a barn |
| B. | Straw in a hat factory |
| C. | A straw in a hat shop |
| D. | A straw hat in your room |
| E. | None of the above |
| Answer» B. Straw in a hat factory | |
| 38. |
Which cheque can be encashed by any one |
| A. | Account payee cheque |
| B. | Crossed cheque |
| C. | Bearer cheque |
| D. | none of the above |
| E. | Rs. 17,50,500 |
| Answer» D. none of the above | |
| 39. |
Which one of the following is a 'free good' in economics? |
| A. | Tap water |
| B. | Water in canal |
| C. | Water in Atlantic ocean |
| D. | Distilled water |
| E. | Soda-water |
| Answer» D. Distilled water | |
| 40. |
If the price level rises with a marked change in real output this is known as |
| A. | Inflation |
| B. | Deflation |
| C. | Devaluation |
| D. | Revaluaion |
| E. | Improved labour relations |
| Answer» E. Improved labour relations | |
| 41. |
The benefit of good communication in a factory is |
| A. | Reduced frustration |
| B. | Improvement in work performance |
| C. | Development of good human relations |
| D. | Creation of interests and attention |
| E. | Better profits |
| Answer» F. | |
| 42. |
The advertisement cost is included |
| A. | In fixed cost |
| B. | Sometimes in fixed cost and sometimes in variable costs |
| C. | Always in variable costs |
| D. | Never included in variable costs |
| E. | It is a separate head of costs |
| Answer» D. Never included in variable costs | |
| 43. |
Which of the following is a multination corporation? |
| A. | IBM |
| B. | LST |
| C. | DCM |
| D. | Escorts |
| E. | Rs. 17,50,500 |
| Answer» B. LST | |
| 44. |
Training current workers new skills may be best thought of as |
| A. | Time consuming |
| B. | Downgrading |
| C. | Retraining |
| D. | Inefficient |
| E. | Benevolent |
| Answer» C. Retraining | |
| 45. |
A monopolist makes maximum profits when |
| A. | Prices are high |
| B. | Production is maximum |
| C. | Marginal cost is equal to marginal revenue |
| D. | Sales are high |
| E. | Buyers buy less |
| Answer» E. Buyers buy less | |
| 46. |
Which of the following cheque is encashable at any branch of the issuing bank? |
| A. | Bearer cheque |
| B. | Crossed cheque |
| C. | Traveller's cheque |
| D. | Order cheque |
| E. | Rs. 17,50,500 |
| Answer» D. Order cheque | |
| 47. |
Mixed economy is identified by |
| A. | Lack of competition |
| B. | co-existence of public and private sectors |
| C. | vigorous competition |
| D. | rising trend in prices |
| E. | Rs. 17,50,500 |
| Answer» C. vigorous competition | |
| 48. |
A joint sector undertaking |
| A. | Is jointly managed by several shareholders |
| B. | Is jointly owned by only two directors |
| C. | In jointly owned by State and Central Governments |
| D. | Is jointly owned by private parties and Government |
| E. | None of the above |
| Answer» E. None of the above | |
| 49. |
Control of production is done through |
| A. | scheduling |
| B. | follow up |
| C. | dispatching |
| D. | none of the above |
| E. | None of the above |
| Answer» C. dispatching | |
| 50. |
Which does not apply to the point system? |
| A. | Stability of rating scale |
| B. | Worker acceptance |
| C. | Valid |
| D. | Quickly constructed |
| E. | Reliable |
| Answer» E. Reliable | |