Top 80+ Solved Economics of Business and Finance MCQ Questions Answer
Q. Business economics is the application of ------- to business management
a. commerce
b. management
c. economics
d. finance
Q. Risks that cannot be insured is called -----
a. uncertainty
b. injury
c. capital
d. none of the above
Q. Market in which securities are issued for the first time is ---------
a. secondary market
b. primary market
c. tertiary market
d. money market
Q. Market in which prices of shares are going up is called-------
a. bull market
b. bear market
c. stock market
d. capital market
Q. Market in which prices of shares are going down is called-------
a. bull market
b. bear market
c. stock market
d. capital market
Q. For complementary goods, cross elasticity is --------
a. positive
b. negative
c. zero
d. infinity
Q. Entry preventing price is called --------
a. limit price
b. full cost price
c. penetration price
d. psychological price
Q. Long run theory of production is known as ----
a. law of variable proportion
b. law of diminishing returns
c. law of returns to scale
d. none of the above
Q. Other things remaining the same, the quantity of a product demandedincreases with ------------ in price
a. increase
b. decrease
c. variation
d. none of the above
Q. For necessary goods, the income elasticity of demand
a. more than 1
b. less than 1
c. zero
d. none
Q. Relation between price of a commodity and demand for anothercommodity is measured by
a. price elasticity
b. income elasticity
c. cross elasticity
d. elasticity of substitution
Q. In the case of luxury goods, the income elasticity of demand will be
a. less than unity
b. unity
c. more than unity
d. all the above