MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Cost theory explains the relationship between cost &_________________ |
| A. | Price |
| B. | Output |
| C. | Profit |
| D. | Revenue |
| Answer» C. Profit | |
| 2. |
Who is the Governor of RBI |
| A. | Raghuram Rajah |
| B. | C.K.Patel |
| C. | P.Chidambaram |
| D. | Kapil sibal |
| Answer» B. C.K.Patel | |
| 3. |
When tax rate increase the supply of products _______________ |
| A. | Decreases |
| B. | Increases |
| C. | Remains constant |
| D. | None of these |
| Answer» B. Increases | |
| 4. |
Break-even analysis is also known as ______________ |
| A. | Profit analysis |
| B. | Profit contribution analysis |
| C. | Planning Analysis |
| D. | None of these |
| Answer» C. Planning Analysis | |
| 5. |
An example for variable cost is |
| A. | Rent of land |
| B. | Muncipal Taxes |
| C. | Insurance charge |
| D. | Wages to casual laboures |
| Answer» E. | |
| 6. |
Which costs are made once and for all and cannot be altered by varying the rate of output |
| A. | Sunk cost |
| B. | Book cost |
| C. | Long-run cost |
| D. | Explicit cost |
| Answer» B. Book cost | |
| 7. |
Exchange control department of the RBI was constituted in |
| A. | 1937 |
| B. | 1938 |
| C. | 1939 |
| D. | 1940 |
| Answer» D. 1940 | |
| 8. |
The demand curve for inferior good is ____________________ |
| A. | Positively sloped |
| B. | Negatively slaped |
| C. | Vertical to axis |
| D. | Horizontal to axis |
| Answer» C. Vertical to axis | |
| 9. |
Which bank introduced credit card for the first time in India |
| A. | Central Bank of India |
| B. | Corporate Bank |
| C. | Syndicate Bank |
| D. | None of these |
| Answer» B. Corporate Bank | |
| 10. |
Unitary elasticity of demand is |
| A. | Zero |
| B. | Equal to one |
| C. | Greater than one |
| D. | Less than one |
| Answer» C. Greater than one | |
| 11. |
Those goods which posses utility,scarcity and transferability are called __________ |
| A. | Tangible Goods |
| B. | Economic goods |
| C. | Consumer Gods |
| D. | None of these |
| Answer» C. Consumer Gods | |
| 12. |
When AC increases MC will___________________ |
| A. | increase |
| B. | decrease |
| C. | constant |
| D. | None of these |
| Answer» B. decrease | |
| 13. |
Capital goods are also known as ______________________ |
| A. | Producer’s goods |
| B. | Consumer’s goods |
| C. | Duable Goods |
| D. | None of these |
| Answer» B. Consumer’s goods | |
| 14. |
The horizontal demand curve represents |
| A. | Perfectly elastic demand |
| B. | Unitary elastic demand |
| C. | Perfectly inelastic demand |
| D. | Relatively elastic |
| Answer» B. Unitary elastic demand | |
| 15. |
Break – even analysis is a technique of ____________________ |
| A. | Credit Planning |
| B. | Profit Planning |
| C. | Social Planning |
| D. | None of these |
| Answer» C. Social Planning | |
| 16. |
Which is known as the central bank of India |
| A. | RBI |
| B. | ICICI |
| C. | IDBI |
| D. | SBI |
| Answer» B. ICICI | |
| 17. |
Which of the following is not an example for complementary goods |
| A. | Tea and coffee |
| B. | Car and petrol |
| C. | Ink and ink pen |
| D. | Bread and butter |
| Answer» B. Car and petrol | |
| 18. |
The rate at which the RBI lends short term money to the banks |
| A. | Bank Rate |
| B. | Repo rate |
| C. | Credit rate |
| D. | Reverse repo rate |
| Answer» C. Credit rate | |
| 19. |
Who is the father of economics |
| A. | Samuelson |
| B. | Robinson |
| C. | Keynes |
| D. | Adam smith |
| Answer» E. | |
| 20. |
Break – even point is the point where________________________ |
| A. | TR>TC |
| B. | TR=TC |
| C. | TR<TC |
| D. | None of these |
| Answer» C. TR<TC | |
| 21. |
Out of pocket cost are _______________ cost |
| A. | Implicit |
| B. | Explicit |
| C. | Actual |
| D. | Full |
| Answer» E. | |
| 22. |
In the long-run total cost is equal to ______________ |
| A. | TFC |
| B. | TVC |
| C. | MC |
| D. | AFC |
| Answer» C. MC | |
| 23. |
What is the name of the bank account opened by non-resident Indians |
| A. | NRI a/c |
| B. | NRO a/c |
| C. | Savings a/c |
| D. | None of these |
| Answer» B. NRO a/c | |
| 24. |
Salt is an example for ______________goods |
| A. | Normal |
| B. | Prestige |
| C. | Interior |
| D. | Essential consumer goods |
| Answer» C. Interior | |
| 25. |
An ATM card is a ________________card? |
| A. | Credit Card |
| B. | Debit Card |
| C. | Bank card |
| D. | None of these |
| Answer» C. Bank card | |
| 26. |
Which of the following is not an example for durable goods |
| A. | Clothes |
| B. | Shoes |
| C. | Houses |
| D. | Food |
| Answer» E. | |
| 27. |
Which bank is called Banker’s Bank? |
| A. | RBI |
| B. | SBT |
| C. | SBI |
| D. | ICICI |
| Answer» B. SBT | |
| 28. |
Bank rate is also known as ______________________ |
| A. | Discount rate |
| B. | Credit rate |
| C. | Repo rate |
| D. | None of these |
| Answer» B. Credit rate | |
| 29. |
Who is an employee of a bank who deals directly with most customers |
| A. | Teller |
| B. | Mick |
| C. | ATM |
| D. | None of these |
| Answer» B. Mick | |
| 30. |
An organization which accepts deposit that can be withdrawn as demark is known as_______ |
| A. | A firm |
| B. | An institution |
| C. | A bank |
| D. | None of these |
| Answer» D. None of these | |
| 31. |
In the long – run there is no _______________ cost |
| A. | Variable Cost |
| B. | Fixed Cost |
| C. | Actual Cost |
| D. | None of these |
| Answer» C. Actual Cost | |
| 32. |
All material things which posses utility are called ________________ |
| A. | Services |
| B. | Goods |
| C. | Cost |
| D. | None of these |
| Answer» C. Cost | |
| 33. |
Which bank concentrates on export promotion] |
| A. | EXIM |
| B. | ADB |
| C. | ICICI |
| D. | IFCI |
| Answer» B. ADB | |
| 34. |
Increase in demand due to change in price is known as ________________ |
| A. | Construction in demand |
| B. | Expansion in demand |
| C. | Increase in demand |
| D. | Decrease in demand |
| Answer» C. Increase in demand | |
| 35. |
The difference between break even sales and actual sales is known as _________________ |
| A. | Margin of safety |
| B. | Volume ratio |
| C. | Profit |
| D. | Contributing |
| Answer» B. Volume ratio | |
| 36. |
The contribution is the difference between total revenue and ___________________ |
| A. | Fixed cost |
| B. | Variable cost |
| C. | Actual cost |
| D. | Full cost |
| Answer» C. Actual cost | |
| 37. |
Which device sorts and counts coins at the same time |
| A. | Coin Counter |
| B. | Coin sorter |
| C. | Micro fiche |
| D. | None of thes |
| Answer» B. Coin sorter | |
| 38. |
Where is the Head – qusrters of RBI located |
| A. | Delhi |
| B. | Mumbai |
| C. | Calcutta |
| D. | Pune |
| Answer» C. Calcutta | |
| 39. |
Commercial banks grant____________________loans |
| A. | Long term |
| B. | Medium |
| C. | Short term |
| D. | None of these |
| Answer» D. None of these | |
| 40. |
Expand PIN |
| A. | Printing Identity Number |
| B. | Personal Identification Number |
| C. | Personal Identity Number |
| D. | None of these |
| Answer» C. Personal Identity Number | |
| 41. |
The shape of a demand curve is _________________ |
| A. | Upward Sloping |
| B. | Parallel to X – axis |
| C. | Parallel to Y – axis |
| D. | Downward slopping |
| Answer» E. | |
| 42. |
Which is called Bank of India |
| A. | SBI |
| B. | SBT |
| C. | ADB |
| D. | RBI |
| Answer» E. | |
| 43. |
Which is the first development bank in India |
| A. | ICICI |
| B. | IFCI |
| C. | IDBI |
| D. | NIDC |
| Answer» C. IDBI | |
| 44. |
Which of the following is not an example of macro economics |
| A. | GDP |
| B. | General price level |
| C. | Salary of a policeman |
| D. | Total savings |
| Answer» D. Total savings | |
| 45. |
What you call the cost incurred in producing an additional unit of output |
| A. | Average cost |
| B. | Marginal cost |
| C. | Social cost |
| D. | Sunk Cost |
| Answer» C. Social cost | |
| 46. |
When the demand curve is a rectangular hyperbola, it represents |
| A. | Perfectly elastic demand |
| B. | Unitary elastic demand |
| C. | Perfectly inelastic demand |
| D. | Relatively elastic demand |
| Answer» C. Perfectly inelastic demand | |
| 47. |
Autonomans demand is also known as __________________ demand |
| A. | Actual |
| B. | Market |
| C. | durable |
| D. | Direct |
| Answer» E. | |
| 48. |
When the marginal ccost is rising the total cost is ______________ |
| A. | Increasing |
| B. | Stagnant |
| C. | Decreasing |
| D. | None of these |
| Answer» B. Stagnant | |
| 49. |
Who is the lender of the last resort? |
| A. | Bank of India |
| B. | Indian Bank |
| C. | Reserve Bank |
| D. | State Bank |
| Answer» D. State Bank | |
| 50. |
At the point where MC is equal to AC, average cost is ________________ |
| A. | Maximum |
| B. | Minimum |
| C. | Peak Level |
| D. | None of these |
| Answer» C. Peak Level | |