Top 80+ Solved Economics and Banking for Tourism Management MCQ Questions Answer
Q. 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
Q. TR and TC are in Trade off with one another when___________________
a. TR>TC
b. TR<TC
c. TR=TC
d. None of these
Q. Profit is the difference between total cost and ___________________
a. Total revenue
b. Total expenditure
c. Marginal revenue
d. None of these
Q. The law of demand can be illustrated through______________________
a. Supply schedule
b. Demand schedule
c. Price schedule
d. None of these
Q. Giffen goods are _____________________
a. Status goods
b. Interior goods
c. Luxury goods
d. None of these
Q. 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
Q. Salt is an example for ______________goods
a. Normal
b. Prestige
c. Interior
d. Essential consumer goods
Q. Expand PIN
a. Personal intelligence number
b. Private identification number
c. Personal identification
d. Essential consumer goods
Q. Commercial banks grant____________________loans
a. Long term
b. Medium
c. Short term
d. None of these