Business Economics Multiple Choice Questions and Answers

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