Managerial Economics Online Test Part 5

21. Why is "Plough back " standard of profit used?

a. To invite Investment
b. To avoid Debt
c. To cancel out Tax
d. To avert Risk

Answer: b. To avoid Debt

22. What are the rights of a consumer, as per Consumer Protection Act?

i] Right to Protection from hazardous substances
ii] Right to return the purchased goods purchased
iii] Right to information regarding protection

a.Only i
b. Both i and ii
c. Both i and iii
d. All the above

Answer: c. Both i and iii

23. Which of the following is a rare occurrence, as per J M Keynes?

a. Partial employment
b. Full employment
c. Unemployment
d. Employment

Answer: b. Full employment