Business Economics Questions and Answers | Online Quiz for Practice

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

1. Footnote
2. Body
3. Stub
4. Caption

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

1. Normal profits
2. Supernormal profits
3. Loss
4. All of above

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

1. Increase Bank Rate
2. Sell securities in the open market
3. Buy securities in the open market
4. None of above

49. In Histogram, the classes are taken

1. Overlapping
2. non-overlapping
3. both
4. none

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

1. NP
2. SNP
3. Loss
4. None of above

51. If Repo Rate is 2 %, as per RBI policy, Reverse repo rate must be

1. 1%
2. 2%
3. 10%
4. 0.50%

52. IC analysis was given by

1. Allen & Smith
2. Hicks & Marshall
3. Allen & Hicks
4. Hicks & Pigou

53. How many laws are there in Statistics ?

1. 2
2. 3
3. O
4. none

54. Graphically Mode Can be found using

1. Ogive
2. Frequency polygon
3. Histogram
4. none

55. For tabulation Caption is

1. The upper part of table
2. The lower part of table
3. The main part of table
4. The upper part of table that describes column & sub-column

56. FERA stands for

1. Foreign Exchange Recommendation Act
2. Foreign Exchange Regulation Act
3. Finance and Export Regulation Association
4. Funds Export Revaluation Act

57. Economies of scale means increasing production with .........per unit

1. Increase in total cost
2. Decrease in average cost
3. Decrease in marginal cost
4. Decrease in total cost

58. Direction of TP, AP & MP in 3rd stage of Law of variable proportions shall be

1. All the three Increasing
2. TP increasing, AP & MP falling
3. All the three falling
4. TP & AP increasing, MP falling

59. Diagrammatic presentation is done by

1. Diagrams
2. Charts
3. Pictures
4. All of these

60. Data collected on religion from the census reports are

1. Primary data
2. Secondary data
3. Sample data
4. a or b