Business Economics Quiz | Business Economics Online Test for Practice

31. The amount of non responses is maximum in

1. mailed Questionnaire method
2. Interview method
3. Observation method
4. All of these

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

1. 1951-56
2. 1961-66
3. 1947-52
4. None of above

33. stub Of a table is

1. Left part of the table describing the Columns
2. Right part of the table describing the Column
3. Right part of table describing rows
4. Left past of the table describing the rows

34. Statistics is applied in

1. Economics
2. Business Management
3. Commerce & Industry
4. All of these

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

1. Statista
2. Statistik
3. Status
4. none

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

1. Perfectly elastic
2. Relatively elastic
3. Unitary elastic
4. Relatively inelastic

37. Relative frequency for a Particular class

1. Lies between 0 & 1
2. Lies between O & 1, both inclusive
3. Lies between -1 & 0
4. Lies between -1 & 1

38. Price discrimination implies that the monopolist maximizes profits

1. None of Below
2. By implementing arbitrage
3. By Charging single price
4. By prohibiting Arbitrage

39. Pie diagram is based on a

1. Circle
2. Rectangle
3. Triangle
4. none

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

1. 23 percent
2. 45 percent
3. 80 percent
4. 50 percent

41. median of a distribution can be obtained from

1. Frequency Polygon
2. Histogram
3. Less than type ogives
4. None

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

1. Perfectly competitive
2. Monopolistic
3. Monopolistically competitive
4. None of above

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

1. Crude Literacy Rate
2. Total Literacy Rate
3. Mean Literacy Rate
4. None

44. Law of Variable proportions passes from

1. 2 stages
2. 4 stages
3. 1 stage
4. 3 stages

45. Internal economies of scale are noticed at

1. Firm level independent of industry
2. Industry level independent of Firm
3. At both firm & industry level
4. nowhere