Top 80+ Solved Economics of Business and Finance MCQ Questions Answer
Q. Economics is concerned with allocation of --------- resources
a. abundant
b. unlimited
c. scarce
d. redundant
Q. The cost of next best alternative is called ---------
a. opportunity cost
b. marginal cost
c. total cost
d. sink cost
Q. The most important objective of the producer is -----
a. maximum sales
b. maximum profit
c. maximum revenue
d. maximum cost
Q. Who is the author Principles of Economics
a. adam smith
b. alfred marshall
c. j m keynes
d. friedman
Q. Production function shows -------- relation between input and output
a. technical
b. functional
c. all of the above
d. none of the above
Q. The operating period in which at least one factor of production is fixed iscalled
a. short run
b. long run
c. medium run
d. none of the above
Q. The operating period in which all factors of production are variable iscalled
a. short run
b. long run
c. medium run
d. none of the above
Q. Computation of future value of money is called
a. discounting
b. compounding
c. adding up
d. forecasting
Q. In financial sense, investment is
a. net addition to capital stock
b. savings
c. allocation of monetary resources on assets
d. increased output
Q. The privilege of issuing company to call back bonds is known as
a. call
b. hedging
c. speculation
d. arbitrage