Top 80+ Solved Economics and Banking for Tourism Management MCQ Questions Answer

From 16 to 30 of 72

Q. IFCI is a __________________ bank

a. Commercial bank

b. Development bank

c. Foreign bank

d. Rural bank

  • c. Foreign bank

Q. Which is the first development bank in India

a. ICICI

b. IFCI

c. IDBI

d. NIDC

  • b. IFCI

Q. Unit Trust of India was set up in ____________________

a. 1964

b. 1965

c. 1966

d. 1967

  • a. 1964

Q. Which bank concentrates on export promotion]

a. EXIM

b. ADB

c. ICICI

d. IFCI

  • a. EXIM

Q. Cost theory explains the relationship between cost &_________________

a. Price

b. Output

c. Profit

d. Revenue

  • b. Output

Q. Alternative cost is also known as a ____________________

a. Book cost

b. Actual cost

c. Opportunity cost

d. Full cost

  • c. Opportunity cost

Q. Out of pocket cost are _______________ cost

a. Implicit

b. Explicit

c. Actual

d. Full

  • d. Full

Q. The contribution is the difference between total revenue and ___________________

a. Fixed cost

b. Variable cost

c. Actual cost

d. Full cost

  • b. Variable cost

Q. The difference between break even sales and actual sales is known as _________________

a. Margin of safety

b. Volume ratio

c. Profit

d. Contributing

  • a. Margin of safety

Q. Break – even point is the point where________________________

a. TR>TC

b. TR=TC

c. TR<TC

d. None of these

  • b. TR=TC

Q. The shape of average cost curve is ______________

a. A – Shaped

b. C – Shaped

c. U – Shaped

d. L – Shaped

  • c. U – Shaped

Q. In the long – run there is no _______________ cost

a. Variable Cost

b. Fixed Cost

c. Actual Cost

d. None of these

  • b. Fixed Cost

Q. Which is the first derivative of the TC function.

a. AC

b. MC

c. STC

d. SAC

  • b. MC

Q. TC=a+bQ is a ________________ Cost function

a. Cubic

b. Quadratic

c. Linear

d. None of these

  • c. Linear

Q. When AC increases MC will___________________

a. increase

b. decrease

c. constant

d. None of these

  • a. increase
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