Top 150+ Solved Managerial Economics MCQ Questions Answer
Q. Dualism in development economics refers to
a. Dual price policy
b. Co-existence of technical and non-technical sectors
c. Co-existence of modern and traditional sectors
d. Co-existence of institutional and non- institutional agencies
Q. The economist who said that international trade was based upon the concept of absolute advantage was:
a. David Ricardo
b. Adam Smith
c. J.S.Mill
d. Bertil Ohlin
Q. If external debt of country rises faster than its interest obligations, it is a case of:
a. Dept trap
b. Liquidity trap
c. Poverty trap
d. Export led growth
Q. Who gave the first scientific treatment of general equilibrium analysis
a. Leon Walras
b. J.B Say
c. Edward Chamberlain
d. K.E Boulding
Q. Protectionism in the international trade stands for:
a. Semi-restricted Trade
b. Free trade policy
c. Restricted Trade policy
d. All of the above
Q. Determination of price through interaction of demand and supply was introduced by:
a. Keynes
b. Marshall
c. Pigou
d. Walras
Q. Joint profits are maximized in the model cartel, which is model of:
a. Duopsony
b. Duopoly
c. Oligopoly
d. Oligopony
Q. Which of the following is a better measure of economic development?
a. National income
b. Rural consumption
c. Size of exports
d. Employment
Q. Indian exports were increased during 2001-2002 and it went upto the level of:
a. 39.8 billion dollars
b. 28.2 billion dollars
c. 44.0 billion dollars
d. 45.6 billion dollars
Q. The imposition of an import tariff by a nation will increase the nation’s welfare:
a. Never
b. Often
c. Sometimes
d. Always
Q. 13th Finance Commission has been constituted under the chairmanship of:
a. C. Rangarajan
b. Vijay L Kelkar
c. Deepak Parekh
d. Indira Bhargara
Q. Monopsony is a form of market organization in which there is a:
a. Single buyer of an input
b. Single seller of an output
c. Single buyer of an output
d. Single seller of an input
Q. The rational entrepreneur will expand his output and select input combinationswhich lies on his:
a. Isoquant line
b. Ridge line
c. Isoquant line
d. Expansion path
Q. Factor intensity as it is used in economics, is primarily s:
a. Relative concept
b. Absolute concept
c. Abstract concept
d. Empirical concept
Q. The proportionality between the velocity of price movement and the inflationarygap is:
a. Indirect and irregular
b. Direct and linear
c. Irregular and direct
d. Indirect and non-linear