91. Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.
1. Top
2. Below
3. Right
4. Left
Option “B” is correct Short run marginal cost curve cuts the short run average cost curve from below at the minimum point of short run average cost.
92. Which among the following is not a component of balance sheet?
1. Total issued capital
2. Cash held at the bank
3. Value of raw materials held
4. Revenue from sales of the company’s products
Option “D” is correct The balance sheet contains statements of assets, liabilities, and shareholders equity.
93. If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is 3.2 find P1?
1. Rs 85
2. Rs 80
3. Rs 90
4. Rs 95
Option “B” is correct Point Elasticity of demand=(% Change in Quantity)/(% Change in Price) = Rs.80.
94. In which market form, a market or an industry is dominated by a single seller?
Option “B” is correct Monopoly refers to a company that is a single seller of a product or service in the market. A monopoly basically holds the entire market, controls prices and supplies and puts an end to any competition or it doesn’t even let competition get a start because of high market entry costs and legal
95. Which one of the following is also regarded as Disguised unemployment?
Option “A” is correct In certain circumstances, people doing part-time work may qualify if they desire to obtain, and are capable of performing, full-time work. It also includes those accepting employment well behind their skill set. In these cases, disguised unemployment may also be referred to as the underemployed, covering those who are working in some capacity but not at their full capacity.
96. Courier service comes under which sector?
1. Primary
2. Secondary
3. Tertiary
4. Both Secondary and Tertiary
Option “C” is correct Courier service comes under Tertiary Sector also known as Service Sector
97. Which among the following is not a direct tax?
1. Income tax
2. Wealth tax
3. Corporate tax
4. None of these
Option “D” is correct A direct tax is paid directly by an individual or organization to an imposing entity. A taxpayer, for example, pays direct taxes to the government for different purposes e.g. income tax, corporation tax, wealth tax etc.
98. Which of the following is called GDP Deflator?
1. Ratio of nominal to real GDP
2. Ratio of nominal to real GNP
3. Ratio of nominal to real CPI
4. Ratio of real to nominal GNP
Option “A” is correct The GDP deflator is a measure of price inflation. It is calculated by dividing Nominal GDP by Real GDP and then multiplying by 100.
99. Which organisation monitors the banks in actually maintaining cash balance?
1. State Bank of India
2. Reserve Bank of India
3. Grameen Bank of India
4. None of these
Option “B” is correct Reserve Bank of India monitors that the banks in actually maintaining cash balances.
100. If demand curve for trekking boots is D = 11000 – 30P and supply curve is S = 4000 + 40P, What is the equilibrium Price?
1. 50
2. 100
3. 150
4. 200
Option “B” is correct At Equillibrium, Demand = supply 11000-30P=4000+40P Equilibrium Price, P=100.
