Principles of Economics and Management MCQs | Page - 1
Dear candidates you will find MCQ questions of Principles of Economics and Management here. Learn these questions and prepare yourself for coming examinations and interviews. You can check the right answer of any question by clicking on any option or by clicking view answer button.
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Q. If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to:
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Q. Income elasticity of demand is defined as the responsiveness of:
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Q. In the short run, when the output of a firm increases, its average fixed cost:
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Q. The cost of one thing in terms of the alternative given up is called:
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Q. In which of the following market structure is the degree of control over the price of its product by a firm very large?
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Q. The producer’s demand for a factor of production is governed by the ___ of that factor.
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Q. Who is the ‘lender of the last resort’ in the banking structure of India?
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