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Managerial Economics
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Course Name
MBA (Master of Business Administration)
Subject Code MB0026 (Managerial Economics )
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PART - A
PART - B
PART - C
Subject : Managerial Economics
MB0026 : PART - A
| Q. 1 | Startegy in which the firm charges low price
as compared already existing firms it is called |
| | A) | a.Penetration Strategy |
| B) | b.skimming strategy | | C) | c.Approach strategy | | D) | d.Pricing strategy | | | | | Q. 2 | The inverse relationship between price &
quantity demanded is |
| | A) | Law of Demand |
| B) | Law of supply | | C) | Law of System | | D) | Law of Nature | | | | | Q. 3 | Law of _____ is an old economic principle,
which was the first redefined version of Marshall |
| | A) | Variable Proportion |
| B) | Return to Scale | | C) | Economies of Scale | | D) | None of the above | | | | | Q. 4 | Payment which is made in excess of what is
required to retain an employee in the
organisation is |
| | A) | a.Low payment |
| B) | b.less payment | | C) | Slack Payment | | D) | d.Down payment | | | | | Q. 5 | Tax on airline tickets are _____ tax |
| | A) | Indirect |
| B) | Lump Sum | | C) | Ad Valorem | | D) | Value Added | | | | | Q. 6 | When the degree of price rise is not more
than 3% and not at all dangerous, the inflation is
said to be _____ |
| | A) | Creeping |
| B) | Walking | | C) | Running | | D) | Galloping | | | | | Q. 7 | The process which tells how much the
demand will change with the change in price to
demand is |
| | A) | Pattern of Demand |
| B) | Elasticity of Demand Ans | | C) | Point elasticity of Demand | | D) | Ratio Elasticity | | | | | Q. 8 | _____ firm will prefer to go for sales
maximization via increase in advertisement
rather than a price |
| | A) | Oligopolistic |
| B) | Monopolistic | | C) | Commercial | | D) | All of the above | | | | | Q. 9 | In the law of demands, factors such as
income, taste, fashion and preference etc., are
_____ |
| | A) | Variable |
| B) | Constant | | C) | Either A) or B) | | D) | None of the above | | | | | Q. 10 | When the supply decreases due to cjange in
factors other than price it is called |
| | A) | Increase in Supply |
| B) | Decrease in Supply ans | | C) | Change in Supply | | D) | Increase in supply | | | |
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