Top 80+ Solved Economics and Banking for Tourism Management MCQ Questions Answer
Q. Which device sorts random collection of coins into separate bins for differentdinominations
a. Coin sorter
b. Coin Counter
c. ATM
d. PIN
Q. Break – even analysis is a technique of ____________________
a. Credit Planning
b. Profit Planning
c. Social Planning
d. None of these
Q. Which costs are made once and for all and cannot be altered by varying the rate of output
a. Sunk cost
b. Book cost
c. Long-run cost
d. Explicit cost
Q. Break-even analysis is also known as ______________
a. Profit analysis
b. Profit contribution analysis
c. Planning Analysis
d. None of these
Q. All material things which posses utility are called ________________
a. Services
b. Goods
c. Cost
d. None of these
Q. Those goods which posses utility,scarcity and transferability are called __________
a. Tangible Goods
b. Economic goods
c. Consumer Gods
d. None of these
Q. Capital goods are also known as ______________________
a. Producer’s goods
b. Consumer’s goods
c. Duable Goods
d. None of these
Q. At the point where MC is equal to AC, average cost is ________________
a. Maximum
b. Minimum
c. Peak Level
d. None of these
Q. When the marginal ccost is rising the total cost is ______________
a. Increasing
b. Stagnant
c. Decreasing
d. None of these
Q. An example for variable cost is
a. Rent of land
b. Muncipal Taxes
c. Insurance charge
d. Wages to casual laboures
Q. Increase in demand due to change in price is known as ________________
a. Construction in demand
b. Expansion in demand
c. Increase in demand
d. Decrease in demand