Multiple Choice Questions (MCQ) on Managerial Economics
Multiple Choice Questions (MCQ) on Managerial Economics
1- The term Managerial economics also refers to
(A) Principles of Management
(B) Management Accounting
(C) Applied economics
(D) Consumer Behavior
2- Reasons for change in Demand (Increase or Decrease in Demand)
(A), Change in population
(B) Change in fashion and customs
(C) Change income of consumer
(D) All of the above
3- By ‘ profits’, the accountant means total revenue minus________.
(A) Explicit costs
(B) Implicit costs
(C) Explicit costs + implicit costs
(D) None of the above
4- The main criterion of indivisibility of a good is that the good
(A) Should be equally available to all the members of society
(B) Financing of the good is through public expenditure
(C) The principle of exclusion does not apply
(D) All of the above
5- The partnership between private sector & government is called ________
(A) General partnership
(B) Limited partnership
(C) Joint sector enterprise
(D) Strategic alliance
6- The fiscal policy includes
(A) Formation of taxation policy
(B) It is an instrument for economic stabilization
(C) Monitoring of public expenditure
(D) All of the above
7- The sole proprietorship type of organization is found in
(A) Agriculture
(B) Hotel
(C) Retail trade
(D) All of the above
8- Preference share holders get a rate of dividend which is
(A) Fixed
(B) Variable
(C) Can be fixed or variable
(D) None of the above
9- Preference Shares can be classified as
(A) Simple Shares
(B) Cumulative Shares
(C) Redeemable Shares
(D) All of the above
10- Under the imperfect market, the market in which few firms exists is called as
(A) Monopoly
(B) Oligopoly
(C) Perfect competition
(D) Monopolistic competition
ANSWERS:
1-(C), 2-(D), 3-(A), 4-(D), 5-(C), 6-(D), 7-(D), 8-(A), 9-(D), 10-(B)