Principles of Economics and Management MCQs | Page - 4

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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Mr. Dubey • 100.69K Points
Coach

Q. Which is the stages of law of variable proportions?

  • (A) Increasing returns
  • (B) Decreasing returns
  • (C) Negative Marginal returns
  • (D) All of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. Which is the stages of law of returns to scale?

  • (A) Increasing returns to scale
  • (B) Constant returns to scale
  • (C) Diminishing returns to scale
  • (D) All of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. To find out cut-off production volume means no profit no loss which concept is used?

  • (A) Law of variable proportion
  • (B) Break-Even Analysis
  • (C) Law of returns to scale
  • (D) None of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. Total Cost equals to ______.

  • (A) Total cost = total fixed cost + total variable cost
  • (B) Total cost = total fixed cost + total marginal cost
  • (C) Total cost = total variable cost + total marginal cost
  • (D) None of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. Where is exchange of goods and services take place?

  • (A) Company
  • (B) Production
  • (C) Market
  • (D) None of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. Which is the type of market?

  • (A) Monopoly
  • (B) Oligopoly
  • (C) Perfect competition
  • (D) All of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. _______ refers to a market with a single seller.

  • (A) Monopoly
  • (B) Oligopoly
  • (C) Perfect competition
  • (D) All of the above
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M

Mr. Dubey • 100.69K Points
Coach

Q. Full form of GNP.

  • (A) Gross Natural Price
  • (B) Global Natural Product
  • (C) Global National Price
  • (D) Gross National Product
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M

Mr. Dubey • 100.69K Points
Coach

Q. Full form of GDP.

  • (A) Gross Domestic Products
  • (B) Global Domestic Products
  • (C) Gross Domestic Price
  • (D) Global Domestic Price
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