Top 80+ Solved Economics and Banking for Tourism Management MCQ Questions Answer
Q. Autonomans demand is also known as __________________ demand
a. Actual
b. Market
c. durable
d. Direct
Q. When tax rate increase the supply of products _______________
a. Decreases
b. Increases
c. Remains constant
d. None of these
Q. The shape of a demand curve is _________________
a. Upward Sloping
b. Parallel to X – axis
c. Parallel to Y – axis
d. Downward slopping
Q. The demand curve for inferior good is ____________________
a. Positively sloped
b. Negatively slaped
c. Vertical to axis
d. Horizontal to axis
Q. Which one is not an exception to the Law of Demand
a. Normal good
b. Ignorance
c. Inferior good
d. Articles of Distinction
Q. 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
Q. The horizontal demand curve represents
a. Perfectly elastic demand
b. Unitary elastic demand
c. Perfectly inelastic demand
d. Relatively elastic
Q. Who is the present governor of RBI?
a. Pranab Mukherji
b. Kapil Sibal
c. Man Mohan Singh
d. Raghu Ram Rajan
Q. What do you call the cost incurred in past?
a. Book cost
b. Historical cost
c. Actual cost
d. Fixed cost
Q. Who is the lender of the last resort?
a. Bank of India
b. Indian Bank
c. Reserve Bank
d. State Bank