SCDL Sample Solved Paper Managerial Economics-I

Note:
MCSR: Multiple Choice Single Response
MCMR: Multiple Choice Multiple Response
T/F: True or False


MCSR
Q) A firm earns profit when firm’s average revenue is equal to
A) Managerial Cost

MCMR
Q) Individual demand schedule
A) Is in tabular form, It shows the price of goods, It shows the quantities of a commodity purchased.

MCSR
Q) Costs which increase because of expansion of a firm are called as
A) incremental costs

Match the following
A) Interview and survey method
collects the information in various ways
Collective-Opinion method
certain information
Sample-Survey method
few consumer are contacted
Composite management opinion
Opinion of experienced person.

MCSR
Q) Aggregate expenditure in two sector economy equal to (no government expenditure)
A) C+I

MCMR
Q) Managerial feasibility includes availability of managers for implementing and running the project
A) Smoothly, professionally

MCSR
Q) Every product has a
A) Life cycle

MCSR
Q) A statement of supply without reference to price and ____________conveys no economic sense .
A) time

MCMR
Q) It is necessary to make clear distinction between
A) short run , long run , very long run.

T/F
Q) The simplest way of explaining the point method is to consider a linear demand curve.
A) True.

MCSR
Q) Opportunity cost is
A) Implicit cost

MCMR
Q) The type of costs are
A) accounting cost , economic cost, opportunity cost

T/F
Q) There is transport cost exists in perfect competition.
A) False

T/F
Q) Concept of effective demand constitutes aggregate expenditure in the economy.
A) True

T/F
Q) Demand is backed by necessary purchase power.
A) True

MCSR
Q) A rice that fluctuates as per the change in market demand is
A) Cyclical price

MCSR
Q) An economic problem is such that it is faced by a simple people as well as a _______.
A) movie star

MCSR
Q) Government intervention according to Kaynes is essential to ensure _______.
A) full employment

MCMR
Q) Government intervention can take form of
A) Government expenditure, subsides, price mechanism

MCSR
Q) It is necessary to collect information regarding the expected expenditure of the consumer in order to
A) Anticipate the expected sales

MCSR
Q) The consumer is wrongly biased against
A) quality of commodity

MCMR
Q) Perfect competition faces demand curve that is
A) Parallel to X-axis, equal to MR Curve, perfectly elastic

MCSR
Q) Aggregate supply function is relatively stable in
A) long run