Business Economics MCQs Quiz Multiple Choice Questions & Answers

Business Economics MCQs questions answers

Test Your Skills in Business Economics Quiz Online

Looking to enhance your understanding of business economics? Dive into our comprehensive collection of business economics MCQ questions and answers curated to deepen your knowledge and skills in this field. Whether you're a student preparing for exams, a professional aiming to stay updated, or an enthusiast eager to delve into economic principles, our repository covers a wide range of topics. From supply and demand to market structures, macroeconomic policies to international trade, our carefully crafted questions provide valuable insights and stimulate critical thinking. Explore our extensive array of business economics questions and answers to expand your expertise and excel in your academic or professional pursuits.

Business Economics Questions with Answers

1. With which of the following is the concept of marginal cost closely related?

2. Which one of the following is also known as Long run average cost curve?

3. Which of the following statements is false?

4. Which of the following is the method of measuring elasticity of demand when change in price of a commodity is substantial?

5. Which of the following is the best formula of the production function?

6. Which of the following is not considered production in Economics?

7. Which of the following is not a characteristic of labour?

8. Which of the following is an example of internal diseconomies?

9. Which of the following is an example of External economies?

10. Which of the following is an example of external diseconomies?

11. Which of the following does not have non linear shape?

12. which method of data collection covers the widest area?

13. When the price of a complementary of commodity X falls, the demand for X

14. When marginal product (MP) & average product (AP) both falls

15. Under a Command economy

16. Uncommon thing between law of variable proportions & returns to scale is

17. Total Product, Marginal Product & Average Product for 1st unit of labor aree

18. To economists, the common thing between the short run and the long is that

19. The unit of measurement in tabulation is shown in

20. The rising part of the LAC curve is due to which of the following?

21. The primary data are collected by

22. The number of observations falling within a Class is called

23. The National Population Policy (NPP) 2000 set long term objective of achieving a stable population by

24. The mode of presentation of data are

25. The long run, as economists use the phrase, is characterized by

26. The law of Returns to scale applies to

27. The first industrial revolution laid the foundation of

28. The entire upper part of the table is known as

29. The data collected on the height of group of students after recording their heights with a measuring tape are

30. The best method to collect the data in case of natural Calamity, is

31. The amount of non responses is maximum in

32. The 3rd Five Year Plan duration covered the period

33. stub Of a table is

34. Statistics is applied in

35. Some believe that statistics originated from a German word ........

36. Slope of AR curve in the context of monopolistic competition is

37. Relative frequency for a Particular class

38. Price discrimination implies that the monopolist maximizes profits

39. Pie diagram is based on a

40. Nearly ............percent of working population is engaged in the service sector

41. median of a distribution can be obtained from

42. Market structure where goods have close substitutes is best described as

43. Literacy rate calculated considering total population into account is known as

44. Law of Variable proportions passes from

45. Internal economies of scale are noticed at

46. In tabulation source of data if any is shown in the

47. In perfect competition in the short run there will be ..................possibilities

48. In order to encourage investment in the economy, the RBI may

49. In Histogram, the classes are taken

50. If sellers AR & AC functions are given as 115Q + 290 & 95Q + 305 respectively, with Output of 19 units, seller is making


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