Managerial Economics Online Test
Take Managerial Economics Online Test and evaluate your readiness before you appear for any interview or written test. Consisting of objective type questions from various important concepts of Managerial Economics, this test presents you questions followed by four options. The correct answer and explanation provided with each question make it easier for you to to understand each concept well.Who is this Managerial Economics Online Test designed for?
All the management students and experienced professionals will find this test extremely useful. All freshers, B.Com, M.Com, BBA, MBA, college students wanting to make a career in management will be highly benefitted by this test.Managerial Economics Online Test topics
This online test covers topics like - Production Analysis, Cost Analysis, Demand, Supply, Business Cycle etc.1. _________may put the producer in a tense situation to recover ______ funds.
a. Underproduction, low
b. Oligopoly, high
c. Prices, marginal
d. Overproduction, high
2. Which of the following are the measures for price control?
i] Monetary Policy
ii] Fiscal policy
iii] Liberalization
iv] Fixation of minimum prices
a. Only i and ii
b. Only ii and iii
c. i, ii and iv
d. All the above
3. Which of the following predominantly determines the supply?
a. Demand
b. Stock
c. Consumption
d. Income
4. Match the Following
a. 1-i, 2-ii, 3-iii, 4-iv
b. 1-ii, 2-vi, 3-iv, 4-iii
c. 1-iii, 2-vi, 3-iv, 4-ii
d. 1-i, 2-vi, 3-iv, 4-iii
5. What is the effect of cheaper substitutes on the demand of a commodity?
a. Rises
b. Becomes double
c. Remains unaffected
d. Becomes less
a. Underproduction, low
b. Oligopoly, high
c. Prices, marginal
d. Overproduction, high
Answer: d. Overproduction, high
2. Which of the following are the measures for price control?
i] Monetary Policy
ii] Fiscal policy
iii] Liberalization
iv] Fixation of minimum prices
a. Only i and ii
b. Only ii and iii
c. i, ii and iv
d. All the above
Answer: c. i, ii and iv
3. Which of the following predominantly determines the supply?
a. Demand
b. Stock
c. Consumption
d. Income
Answer: b. Stock
4. Match the Following
| 1] Fixed Cost | i] Remains constant at different level of production |
| 2] Variable cost | ii] Varies according to different level of production |
| 3] Average Variable Cost | iii] Decreases as the level of production goes up |
| 4] Total cost is equal to Total Revenue | iv] At the break-even level |
| v] Rises with the rising production | |
| vi] At 100% capacity |
b. 1-ii, 2-vi, 3-iv, 4-iii
c. 1-iii, 2-vi, 3-iv, 4-ii
d. 1-i, 2-vi, 3-iv, 4-iii
Answer: a. 1-i, 2-ii, 3-iii, 4-iv
5. What is the effect of cheaper substitutes on the demand of a commodity?
a. Rises
b. Becomes double
c. Remains unaffected
d. Becomes less
Answer: d. Becomes less
