Introduction Test

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Introduction Test - 22

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Weekly Quiz Competition

Question 1
1 / -0

Which of the following is an important ingredient of Selling Economies?

A
Advertising Economies

B
Inventory Economies

C
Transportation Economies

D
Storage Economies

Solution

Advertising Economies is an important ingredient of Selling Economies. Advertising helps to increase the sale of a product by encouraging buyers to buy more products or avail more services.
Question 2
1 / -0

In the book market, the supply of books will decrease if any of the following occurs except.

A
A decrease in the number of book publishers

B
A decrease in the price of the book

C
An increase in the future expected price of the book

D
An increase in the price of paper used

Solution

One is the case of movement(not shifting) and others are case of shifting of supply.
Question 3
1 / -0

After the initial stages of increasing returns to scale, the Firm will experience ________________________.

A
Still Increasing Returns to Scale

B
Constant Returns to Scale

C
Diminishing Returns to Scale

D
None of the above

Solution

In economic terms, constant returns to scale is when a firm changes its inputs with the results being exactly the same change in outputs (production). In other words, if a firm increases its inputs they will see a proportional increase in production (or outputs).
The similar can be true if a firm decreases its inputs and that results in a proportional decrease in outputs. Constant returns to scale take place when increasing the number of inputs leads to an equivalent increase in the output.

Thus, the correct option is B.
Question 4
1 / -0

The term disinvestment is more popularly used ____________________________.

A
Where a holding company sells shares of a Subsidiaray company

B
Where an investment company off loads its holding

C
Where central / State government sells its holdings of public sector companies

D
None of the above

Solution

The term disinvestment is more popularly used where central/ state government sells its holdings of public sector companies.Disinvestment means selling of Public investment to a Private entrepreneur.Disinvestment of the public sector can be defined as a process of transferring the ownership of any enterprise from public to private sector.
Question 5
1 / -0

Comforts lies between the.

A
Inferior goods and necessaries

B
Luxuries and inferior goods

C
Necessaries and luxuries

D
None of the above

Solution

Comforts lies between necessaries and luxuries because comforts refer to those goods which are not required for a happy living.
Question 6
1 / -0

When Total Revenue equals Economic Costs, it means that the firm________________.

A
Has No-profits-No-Loss

B
Earns Normal Profits

C
Earns more than Normal Profits (i.e. Super -Normal Profits)

D
Incurs Looses in the accounting sense

Solution

Accounting profit is the monetary costs a firm pays out and the income a firm receive. It is the accounting profit, and it is higher than economic profit.
Accounting profit = total monetary revenue- total costs.
Economic profit is the monetary costs and opportunity costs a firm pays and the revenue a firm receives.The level of profit that occurs when total revenue is equal to total cost. This stage indicates that a firm is doing just as well as it would have if it had selected to use its income to produce a different product or struggle in a different industry.
Common profit is also known as zero monetary profit.

Thus, the correct option is B.
Question 7
1 / -0

An indifference curve slopes down towards right since more of one commodity and less of another result in.

A
Same satisfaction

B
Greater satisfaction

C
Maximum satisfaction

D
Decreasing expenditure

Solution

An indifference curve slopes down towards right since more of one commodity and less of another result same satisfaction to the consumer.
Question 8
1 / -0

A large Firm can offer better security to Bankers and obtain credit easily. This creates ________ for such Firm.

A
Internal Economies of Scale

B
Internal Diseconomies of Scale

C
External Economies of Scale

D
External Diseconomies of Scale

Solution

A large Firm can offer better security to Bankers and obtain credit easily. This creates Internal Economies of Scale for such Firms. Internal Economies of Scale generally causes the average cost to fall and the production gets increased. It is related to the internal factors of the business firm.
Question 9
1 / -0

Sale of a major portion of Government stake to a Strategic Buyer and also giving over the management control is called as ____________.

A
Strategic Sale

B
Cross Holding

C
Warehousing

D
Retaining Golden Share

Solution

When the government decides to transfer the ownership and control of a public sector entity to some other entity, either private or public, the process is called strategic disinvestment.
The Department of Investment and Public Asset Management which comes under the Finance Ministry defines Strategic disinvestment as follows: “Strategic disinvestment would imply the sale of a substantial portion of the Government shareholding of central public sector enterprises of up to 50%, or such higher percentage as the competent authority may determine, along with transfer of management control.”
The correct option is A.
Question 10
1 / -0

Maintaining Government's stake up to 26% in the PSU to protect its interest is called as ______________.

A
Strategic Sale

B
Cross Holding

C
Warehousing

D
Retaining Golden Share

Solution

Maintaining Government's stake up to 26% in the PSU to protect its interest is called as retaining Golden Share. Golden share is mostly held by the Government in the process of privatization of a Public Sector Undertaking. Golden share can be defined as a nominal share which has the capability to outvote all other shares.

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Introduction Test - 22

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Introduction Test - 22

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SHARING IS CARING

Question 1

Advertising Economies

Inventory Economies

Transportation Economies

Storage Economies

Solution

Question 2

A decrease in the number of book publishers

A decrease in the price of the book

An increase in the future expected price of the book

An increase in the price of paper used

Solution

Question 3

Still Increasing Returns to Scale

Constant Returns to Scale

Diminishing Returns to Scale

None of the above

Solution

Question 4

Where a holding company sells shares of a Subsidiaray company

Where an investment company off loads its holding

Where central / State government sells its holdings of public sector companies

None of the above

Solution

Question 5

Inferior goods and necessaries

Luxuries and inferior goods

Necessaries and luxuries

None of the above

Solution

Question 6

Has No-profits-No-Loss

Earns Normal Profits

Earns more than Normal Profits (i.e. Super -Normal Profits)

Incurs Looses in the accounting sense

Solution

Question 7

Same satisfaction

Greater satisfaction

Maximum satisfaction

Decreasing expenditure

Solution

Question 8

Internal Economies of Scale

Internal Diseconomies of Scale

External Economies of Scale

External Diseconomies of Scale

Solution

Question 9

Strategic Sale

Cross Holding

Warehousing

Retaining Golden Share

Solution

Question 10

Strategic Sale

Cross Holding

Warehousing

Retaining Golden Share

Solution

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