CA Foundation  >  Mock Tests & Past Year Papers for CA Foundation  >  Business Economics Mock Test - 2 Download as PDF

Business Economics Mock Test - 2


Test Description

100 Questions MCQ Test Mock Tests & Past Year Papers for CA Foundation | Business Economics Mock Test - 2

Business Economics Mock Test - 2 for CA Foundation 2023 is part of Mock Tests & Past Year Papers for CA Foundation preparation. The Business Economics Mock Test - 2 questions and answers have been prepared according to the CA Foundation exam syllabus.The Business Economics Mock Test - 2 MCQs are made for CA Foundation 2023 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Business Economics Mock Test - 2 below.
Solutions of Business Economics Mock Test - 2 questions in English are available as part of our Mock Tests & Past Year Papers for CA Foundation for CA Foundation & Business Economics Mock Test - 2 solutions in Hindi for Mock Tests & Past Year Papers for CA Foundation course. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free. Attempt Business Economics Mock Test - 2 | 100 questions in 100 minutes | Mock test for CA Foundation preparation | Free important questions MCQ to study Mock Tests & Past Year Papers for CA Foundation for CA Foundation Exam | Download free PDF with solutions
1 Crore+ students have signed up on EduRev. Have you?
Business Economics Mock Test - 2 - Question 1

The slope of the TFC curve is equal to

Detailed Solution for Business Economics Mock Test - 2 - Question 1

Slope of TFC curve = 0 since TFC is a constant. TFC curve is a straight line parallel to the x-axis. 

Business Economics Mock Test - 2 - Question 2

Which of the following rules should be followed by a supplier for profit maximization?

Detailed Solution for Business Economics Mock Test - 2 - Question 2

If the price is greater than the marginal cost of the next unit, the firm should continue production as there is a profit on producing the additional unit.

Business Economics Mock Test - 2 - Question 3

Which one leads to Factor Cost?

Detailed Solution for Business Economics Mock Test - 2 - Question 3

Market price - Net Indirect tax = Factor Cost.

Business Economics Mock Test - 2 - Question 4

At equilibrium, which of the following are true?

Detailed Solution for Business Economics Mock Test - 2 - Question 4

At equilibrium, buyers' willingness to pay is equal to sellers' willingness to accept. The quantity demanded is equal to the quantity supplied. Hence there is no excess demand or supply.

Business Economics Mock Test - 2 - Question 5

The basic difference between macroeconomics and microeconomics is:

Detailed Solution for Business Economics Mock Test - 2 - Question 5

Microeconomics concentrates on the behavior of individual consumers and firms while macroeconomics focuses on the performance of the entire economy.

Business Economics Mock Test - 2 - Question 6

The slope of the TC curve gives

Detailed Solution for Business Economics Mock Test - 2 - Question 6

The slope of the TC curve = ΔTC/Δq= MC

Business Economics Mock Test - 2 - Question 7

Which of the following are examples of legal market power?

Detailed Solution for Business Economics Mock Test - 2 - Question 7

Legal market power arises because of barriers to entry created by the government. This is achieved through patents, copyrights and sometimes even government monopolies like Indian railways.

Business Economics Mock Test - 2 - Question 8

Introduction of money has:

Detailed Solution for Business Economics Mock Test - 2 - Question 8

Money has both separated the acts of purchase and sale, and expanded their scope. 

Business Economics Mock Test - 2 - Question 9

___ is an increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in price levels.

Detailed Solution for Business Economics Mock Test - 2 - Question 9

Inflation refers to the increase in the quantity of money in circulation without any corresponding increase in goods thus leading to an abnormal rise in price levels.

Business Economics Mock Test - 2 - Question 10

Demand for which of the following goods does not change with a change in income of the consumer?

Detailed Solution for Business Economics Mock Test - 2 - Question 10

Demand for necessary goods is inelastic.

Business Economics Mock Test - 2 - Question 11

The numbers of units produced by a firm and the corresponding costs are tabulated below.

Assuming constant variable cost per unit, calculate the AFC for 100 units.

Detailed Solution for Business Economics Mock Test - 2 - Question 11

Let the fixed cost be F and the variable cost per unit be v.
F +100 v = Rs 2000
F + 250 v = Rs 3500
On solving, we get F = 1000 =TFC and v = 10 = AVC
Now, AFC = TFC / 10 = 1000/100 = Rs 10

Business Economics Mock Test - 2 - Question 12

The phenomenon of increased differences in wealth between the rich and poor countries which started around 1800 is called ___

Detailed Solution for Business Economics Mock Test - 2 - Question 12

The phenomenon of increased differences in wealth between the rich and poor countries which started around 1800 is called the great divergence. 

Business Economics Mock Test - 2 - Question 13

Which of the following would be strictly a microeconomic topic?

Detailed Solution for Business Economics Mock Test - 2 - Question 13

Microeconomics studies economic problems relating to individual economic units like a consumer, or a producer. An increase in the price of TATA Nano is related to an individual unit, which makes it a microeconomics topic.

Business Economics Mock Test - 2 - Question 14

A commercial bank is a bank that:

Detailed Solution for Business Economics Mock Test - 2 - Question 14

A commercial bank provides long-term and short-term loans and creates credit. 

Business Economics Mock Test - 2 - Question 15

What is the relationship between supply of foreign exchange and exchange rate?

Detailed Solution for Business Economics Mock Test - 2 - Question 15

The supply of foreign exchange varies positively and directly with the exchange rate. 

Business Economics Mock Test - 2 - Question 16

Which one of the following is the most accurate definition of economics?

Detailed Solution for Business Economics Mock Test - 2 - Question 16

Economics is the study of how society chooses to allocate its scarce resources in order to satisfy unlimited wants.

Business Economics Mock Test - 2 - Question 17

Suppose at the beginning of the year, company ABC had 5 units in its inventory. At the end of the year, it had 50 units in its inventory. The change in stock here is:

Detailed Solution for Business Economics Mock Test - 2 - Question 17

Change in stock = Closing stock - Opening stock = 50 - 5 = 45

Business Economics Mock Test - 2 - Question 18

Which of the following is NOT an input

Detailed Solution for Business Economics Mock Test - 2 - Question 18

Production is a process, not an input. 

Business Economics Mock Test - 2 - Question 19

If entire additional income is converted into additional consumption, the value of multiplier will be

Detailed Solution for Business Economics Mock Test - 2 - Question 19

Multiplier = 1/(1−MPC)
If entire additional income is converted into additional consumption, MPC = 1.
Therefore, the value of multiplier will be infinity.

Business Economics Mock Test - 2 - Question 20

___ goods have positive income effect.

Detailed Solution for Business Economics Mock Test - 2 - Question 20

The demand for normal goods increases as income increases.

Business Economics Mock Test - 2 - Question 21

 Land

Detailed Solution for Business Economics Mock Test - 2 - Question 21

Land is a free gift of nature and alcks geographical mobility.

Business Economics Mock Test - 2 - Question 22

A car running between Delhi and Agra at a speed of 120 km/h includes: 

Detailed Solution for Business Economics Mock Test - 2 - Question 22

Velocity is a flow variable. 

Business Economics Mock Test - 2 - Question 23

If MPC = 0.9, then value of multiplier will be :

Detailed Solution for Business Economics Mock Test - 2 - Question 23

Business Economics Mock Test - 2 - Question 24

When RBI wants to reduce liquidity in the banking system,

Detailed Solution for Business Economics Mock Test - 2 - Question 24

When RBI wants to reduce liquidity in the banking system, it increases the CRR as it reduces the money supply in the economy.

Business Economics Mock Test - 2 - Question 25

Casual workers are covered under?

Detailed Solution for Business Economics Mock Test - 2 - Question 25

Chronic poverty is a phenomenon whereby an individual or group is in a state of poverty over extended period of time. Casual workers are covered under chronic poor, because they are employed for brief periods, and are generally unemployed.

Business Economics Mock Test - 2 - Question 26

In which of these systems does the ownership of the facility lie with the private enterprise?

Detailed Solution for Business Economics Mock Test - 2 - Question 26

In the BOO (Build. Own. Operate) system, the ownership of the facility lies with the private enterprise.

Business Economics Mock Test - 2 - Question 27

If the economy is producing a combination of goods inside its production possibilities frontier, then

Detailed Solution for Business Economics Mock Test - 2 - Question 27

Any point inside the PPC indicates inefficient utilization of resources.

Business Economics Mock Test - 2 - Question 28

A quantity measured per unit of time period is known as :

Detailed Solution for Business Economics Mock Test - 2 - Question 28

Flow variables are measured per unit time. 

Business Economics Mock Test - 2 - Question 29

In India, the balance of payments has

Detailed Solution for Business Economics Mock Test - 2 - Question 29

India’s BOP has seen a deficit during most years, as India is a net importer.

Business Economics Mock Test - 2 - Question 30

Which of the following is a feature of the Informal sector?

Detailed Solution for Business Economics Mock Test - 2 - Question 30

Workers in the informal sector are paid unfairly low wages.

Business Economics Mock Test - 2 - Question 31

Suppose that the following headlines appeared in a newspaper. Which would most clearly represent a macroeconomic issue?

Detailed Solution for Business Economics Mock Test - 2 - Question 31

Macroeconomics is that branch of Economics, which studies economic problems (or economic issues) relating to economy as a whole. Since Central bank is at the center of the entire banking system, this is an example of Macroeconomic variable.

Business Economics Mock Test - 2 - Question 32

Demand for a product should have the following pre-requisite

Detailed Solution for Business Economics Mock Test - 2 - Question 32

All of them are pre-requisites of demand for a product. 

Business Economics Mock Test - 2 - Question 33

Money that is issued by the authority of the government is called:

Detailed Solution for Business Economics Mock Test - 2 - Question 33

Fiat money refers to money whose value has been decreed by the government. 

Business Economics Mock Test - 2 - Question 34

What is the value of the government spending multiplier if marginal propensity to consume is 0.6?

Detailed Solution for Business Economics Mock Test - 2 - Question 34

Business Economics Mock Test - 2 - Question 35

Marginal Utility curve always

Detailed Solution for Business Economics Mock Test - 2 - Question 35

The negative slope of the marginal utility curve reflects the law of diminishing marginal utility. The marginal utility curve also can be used to derived the demand curve. 

Business Economics Mock Test - 2 - Question 36

As a result of rise in consumer's income, demand curve for coarse grain (inferior good):

Detailed Solution for Business Economics Mock Test - 2 - Question 36

As a result of rise in consumer's income, demand curve for coarse grain (inferior good) shifts to the left. 

Business Economics Mock Test - 2 - Question 37

Economic development of a country requires:

Detailed Solution for Business Economics Mock Test - 2 - Question 37

Economic development of a country requires skilled labour and abundant natural resources.

Business Economics Mock Test - 2 - Question 38

Which of the following is correct with respect to resources:

Detailed Solution for Business Economics Mock Test - 2 - Question 38

Human skills are a labour input.

Business Economics Mock Test - 2 - Question 39

The minimum point of a firm's LRAC is Rs 8, at which it produces a quantity of 500. Which of the following price-quantity pairs (p,q) can lie on the supply curve?

Detailed Solution for Business Economics Mock Test - 2 - Question 39

The supply curve is the portion of the MC curve above the LRAC. It starts from the minimum point of the LRAC. Since the supply curve is upward sloping, for any point on the supply curve, the price will be greater than Rs 8 and quantity greater than 500 units. Only option D satisfies this condition.

Business Economics Mock Test - 2 - Question 40

At which of the following points is the quantity demanded and quantity supplied equal?

Detailed Solution for Business Economics Mock Test - 2 - Question 40

At equilibrium, quantity demanded is equal to the quantity supplied.

Business Economics Mock Test - 2 - Question 41

Which one includes depreciation?

Detailed Solution for Business Economics Mock Test - 2 - Question 41

GNP at market price - Depreciation = NNP at market price

Business Economics Mock Test - 2 - Question 42

Money that is issued by the authority of the government is called:

Detailed Solution for Business Economics Mock Test - 2 - Question 42

Fiat money refers to money whose value has been decreed by the government. 

Business Economics Mock Test - 2 - Question 43

The ability of money to be moved easily is called:

Detailed Solution for Business Economics Mock Test - 2 - Question 43

Portability is a key characteristic of money describing that money can be easily carried around.

Business Economics Mock Test - 2 - Question 44

The rate at which RBI lends money to commercial banks is called:

Detailed Solution for Business Economics Mock Test - 2 - Question 44

The rate at which the RBI lends money to commercial banks is called Repo rate.

Business Economics Mock Test - 2 - Question 45

The opportunity cost of watching television is:

Detailed Solution for Business Economics Mock Test - 2 - Question 45

The opportunity cost here is the time foregone by watching the television.

Business Economics Mock Test - 2 - Question 46

For a good, price increases by 25% and quantity supplied increases by 50%. What is the supply elasticity?

Detailed Solution for Business Economics Mock Test - 2 - Question 46

Business Economics Mock Test - 2 - Question 47

According to a recent forecast, the government is about to face a high future loan burden and heavy interest payments. This is due to:

Detailed Solution for Business Economics Mock Test - 2 - Question 47

A high revenue deficit implies a high future loan burden and heavy interest payments.

Business Economics Mock Test - 2 - Question 48

Credit cards issued by the banks:

Detailed Solution for Business Economics Mock Test - 2 - Question 48

Credit cards boost aggregate demand and encourage spending. 

Business Economics Mock Test - 2 - Question 49

Human capital increases:

Detailed Solution for Business Economics Mock Test - 2 - Question 49

Human capital increases labour productivity.

Business Economics Mock Test - 2 - Question 50

According to marginal analysis, you should spend more time studying economics if the extra benefit from an additional hour of study:

Detailed Solution for Business Economics Mock Test - 2 - Question 50

You should spend more time if the additional hour offers an increase in satisfaction.

Business Economics Mock Test - 2 - Question 51

Introduction of money has:

Detailed Solution for Business Economics Mock Test - 2 - Question 51

Money has both separated the acts of purchase and sale, and expanded their scope.

Business Economics Mock Test - 2 - Question 52

A consumer gets maximum satisfaction where the ___ are same.

Detailed Solution for Business Economics Mock Test - 2 - Question 52

A consumer gets maximum satisfaction from his limited income when the marginal utility per rupee spent is equal for all goods.

Business Economics Mock Test - 2 - Question 53

In which of the following economies is central control more?

Detailed Solution for Business Economics Mock Test - 2 - Question 53

Commuism is an examlple of a centrally planned economy.

Business Economics Mock Test - 2 - Question 54

If aggregate demand increases, aggregate supply will increase only when there is(are)

Detailed Solution for Business Economics Mock Test - 2 - Question 54

If aggregate demand increases, aggregate supply will increase only when there are an excess capacity and under-utilisation of the existing resources.

Business Economics Mock Test - 2 - Question 55

Development of Human resource can be done by

Detailed Solution for Business Economics Mock Test - 2 - Question 55

Development of Human resource can be done by improving literacy skills, skill development, and training. 

Business Economics Mock Test - 2 - Question 56

In which mode of production are market forces of supply and demand the key players?

Detailed Solution for Business Economics Mock Test - 2 - Question 56

In capitalist economy, market is the main determinant of the economy.

Business Economics Mock Test - 2 - Question 57

A professional basketball players' union negotiates a contract that dramatically increases all players' salaries. How would this influence the opportunity cost for a player who was considering giving up basketball to pursue a career in broadcasting?

Detailed Solution for Business Economics Mock Test - 2 - Question 57

Opportunity cost is the value of a factor in its next best use. With an increase in salary for playing basketball, if a player is considering giving up basketball to pursue a career in broadcasting, his opportunity cost of becoming a broadcaster will increase.

Business Economics Mock Test - 2 - Question 58

Which of the following input factor takes risk, innovates, and coordinates:

Detailed Solution for Business Economics Mock Test - 2 - Question 58

Entrepreneur takes risk, innovates, and coordinates.

Business Economics Mock Test - 2 - Question 59

Which of the following assumptions about a perfectly competitive market structure is/are not valid in the case of a monopoly?

Detailed Solution for Business Economics Mock Test - 2 - Question 59

In a perfectively competitive market structure, firms are price takers. For this, there should be a large number of sellers as well as free entry and exit.

Business Economics Mock Test - 2 - Question 60

Which was a more important component of revenue expenditure?

Detailed Solution for Business Economics Mock Test - 2 - Question 60

Non-Plan Expenditure was the more important component of revenue expenditure.

Business Economics Mock Test - 2 - Question 61

What kind of retail business acts as a universal supplier of a wide variety of product?

Detailed Solution for Business Economics Mock Test - 2 - Question 61

Departmental stores act as the universal supplier of a wide variety of products.

Business Economics Mock Test - 2 - Question 62

Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?

Detailed Solution for Business Economics Mock Test - 2 - Question 62

In the above-mentioned paragraph, the principle is 'harmony, not discord'. 

Business Economics Mock Test - 2 - Question 63

Planning is an empty exercise without ___ because the implementation of plans and monitoring of a plan depends on it.

Detailed Solution for Business Economics Mock Test - 2 - Question 63

Planning is an empty exercise without controlling because the implementation of plans and monitoring of a plan depends on it.

Business Economics Mock Test - 2 - Question 64

'Use of alcoholic beverages is banned during office timings'. Identify which type of plan is it. 

Detailed Solution for Business Economics Mock Test - 2 - Question 64

'Use of alcoholic beverages is banned during office timings'. The type of plan is rule. 

Business Economics Mock Test - 2 - Question 65

Mrs. Rita has her own beauty parlour at the Cross Street road. Which form of business organisation is most suitable for her?

Detailed Solution for Business Economics Mock Test - 2 - Question 65

Sole proprietorship is the best option for her, as it requires personal touch for the business to grow. 

Business Economics Mock Test - 2 - Question 66

Pravan is working as a Production Manager in DTPL Ltd engaged in manufacturing of DTPL bulbs. There is no class-conflict between the management and workers. The working conditions are very good. The company is earning huge profits. As a policy matter, management is sharing the gains with the workers because they believe that the prosperity of the company cannot exist for a long time without the prosperity of the employees. State the principles of management?

Detailed Solution for Business Economics Mock Test - 2 - Question 66

In the above-mentioned paragraph, the principle is 'harmony, not discord'. 

Business Economics Mock Test - 2 - Question 67

How is informal organisation created?

Detailed Solution for Business Economics Mock Test - 2 - Question 67

Informal organisation is created due to friendly and social interactions of employees.

Business Economics Mock Test - 2 - Question 68

Samsung decides to release a new version in Samsung Galaxy note series after studying the scope of its profitability in the long run. Name the study taken by Samsung.

Detailed Solution for Business Economics Mock Test - 2 - Question 68

Samsung did an economic feasibility study to understand the profitability of the new release in the long run.

Business Economics Mock Test - 2 - Question 69

Which principle of scientific management suggests the introduction of scientific investigation and analysis of management practice?

Detailed Solution for Business Economics Mock Test - 2 - Question 69

Science, not rule of thumb. It suggests the introduction of scientific investigation and analysis of management practice. 

Business Economics Mock Test - 2 - Question 70

Which partner allows to use his /her name by a firm. 

Detailed Solution for Business Economics Mock Test - 2 - Question 70

A nominal partner is one who allows the use of his/her name by a firm. 

Business Economics Mock Test - 2 - Question 71

Identify the activities that are undertaken to earn a living?

Detailed Solution for Business Economics Mock Test - 2 - Question 71

The activities that are undertaken are economic activities.

Business Economics Mock Test - 2 - Question 72

Which of the following steps in the process of controlling are concerned with compelling events to confirm a plan? 

Detailed Solution for Business Economics Mock Test - 2 - Question 72

Comparing actual performance with standards and taking corrective action are both steps in the process of controlling.

Business Economics Mock Test - 2 - Question 73

As a part of incentives provided by the Government to the small businesses, power is supplied at a concessional rate of ___ %.

Detailed Solution for Business Economics Mock Test - 2 - Question 73

As a part of incentives provided by the Government to the small businesses, power is supplied at a concessional rate of 50%. In some states, no charges are made for the initial years.

Business Economics Mock Test - 2 - Question 74

A decision to acquire a new and modern plant to upgrade an old one is a:

Detailed Solution for Business Economics Mock Test - 2 - Question 74

The Investment decision refers to the decision of investing funds in different assets. It can be long term or short term. A Long term Investment decision is also called 'Capital Budgeting Decision' . It involves investing the finance in capital assets like making investment in a new machine to replace an existing one, etc.

Business Economics Mock Test - 2 - Question 75

Which is not a reason a business engages in business ethics?

Detailed Solution for Business Economics Mock Test - 2 - Question 75

To enhance the global relationships is not a reason why firms tend to engage in business ethics. Business ethics, which is also referred to as corporate ethics, is a form of ethics that focuses on the principles or problems that exist in a business environment. These ethics have their origin coming from people, morality, the organization’s statements, and from the legal system. Professionals working in these sectors tend to follow these ethics that contain the standard code of conduct and rules to follow while working in organizations and corporate areas. They are extremely vital to a business’s success and the overall image that it has in the market.

Business Economics Mock Test - 2 - Question 76

Which one of the following facilitates easy purchase of goods and services without making immediate payment?

Detailed Solution for Business Economics Mock Test - 2 - Question 76

Trade credit facilitates easy purchase of supplies without immediate payment. Such credit appears in the records of the buyer of goods as accounts payable.

Business Economics Mock Test - 2 - Question 77

Which of the following is a good quality of a leader?

Detailed Solution for Business Economics Mock Test - 2 - Question 77

Communication skills, initiative, and integrity are all good qualities of a leader.

Business Economics Mock Test - 2 - Question 78

___ reviews the operations in a business unit.

Detailed Solution for Business Economics Mock Test - 2 - Question 78

Controlling reviews the operations in a business unit.

Business Economics Mock Test - 2 - Question 79

Ram bought a shoe from the mall for his birthday. What did he receive? 

Detailed Solution for Business Economics Mock Test - 2 - Question 79

Ram bought a shoe from the mall for his birthday. He bought a "good"  that is a physical product that is capable of being delivered to a purchaser and involves the transfer of ownership from a seller to a customer. 

Business Economics Mock Test - 2 - Question 80

Which of the following is a good quality of a leader?

Detailed Solution for Business Economics Mock Test - 2 - Question 80

Communication skills, initiative, and integrity are all good qualities of a leader.

Business Economics Mock Test - 2 - Question 81

A partner who contributes capital but does not take part in the business management of a firm. 

Detailed Solution for Business Economics Mock Test - 2 - Question 81

A sleeping partner is one who contributes capital but does not take part in the business management of a firm. 

Business Economics Mock Test - 2 - Question 82

CSR stands for

Detailed Solution for Business Economics Mock Test - 2 - Question 82

Corporate Social Responsibility 

Business Economics Mock Test - 2 - Question 83

People interact with others in order to persuade them to act in a particular way, say to purchase a product or a service, rather than forcing them to do so. Therefore, marketing is a ___ process.

Detailed Solution for Business Economics Mock Test - 2 - Question 83

People interact with others in order to persuade them to act in a particular way, say to purchase a product or a service, rather than forcing them to do so. Therefore, marketing is a social process.

Business Economics Mock Test - 2 - Question 84

What does 'online registration' mean? 

Detailed Solution for Business Economics Mock Test - 2 - Question 84

Registration means that you have an account with the online vendor. Among various details that need to be filled in is a password as the sections relating to your 'account' and 'shopping cart' are password protected. 

Business Economics Mock Test - 2 - Question 85

Which step precedes the allotment of shares? 

Detailed Solution for Business Economics Mock Test - 2 - Question 85

Application to stock exchange precedes allotment of shares. 

Business Economics Mock Test - 2 - Question 86

______ is a prerequisite to creation of a company.

Detailed Solution for Business Economics Mock Test - 2 - Question 86

Issuing equity shares is a prerequisite to the creation of a company. When a company is formed it can issue shares to the public or to private individuals.

Business Economics Mock Test - 2 - Question 87

What kind of a store is Big Bazaar? 

Detailed Solution for Business Economics Mock Test - 2 - Question 87

Big Bazaar is a departmental store. 

Business Economics Mock Test - 2 - Question 88

Which principle of scientific management suggests the introduction of scientific investigation and analysis of management practice? 

Detailed Solution for Business Economics Mock Test - 2 - Question 88

Science, not rule of thumb. It suggests the introduction of scientific investigation and analysis of management practice.

Business Economics Mock Test - 2 - Question 89

Which plan is defined as the formalised or systematic way of doing routine or repetitive jobs?

Detailed Solution for Business Economics Mock Test - 2 - Question 89

Method plan is defined as the formalised or systematic way of doing routine or repetitive jobs.

Business Economics Mock Test - 2 - Question 90

Which function of management ensures work accomplishment according to plans?

Detailed Solution for Business Economics Mock Test - 2 - Question 90

The controlling function of management ensures work accomplishment according to plans.

Business Economics Mock Test - 2 - Question 91

1. Indian Railways runs 12,617 trains to carry over 23 million passengers daily.
2. Railways play a vital role in helping the people in the event of natural calamtities like droughts, floods, famines, earthquakes etc. 

Q. Which of the above statements is correct?

Detailed Solution for Business Economics Mock Test - 2 - Question 91

Both statements 1 and 2 are correct.
1. Indian Railways runs 12,617 trains to caary over 23 million passengers daily.
2. Railways play a vital role in helping the people in the event of natural calamtities like droughts, floods, famines, earthquakes etc.

Business Economics Mock Test - 2 - Question 92

The new economic policy consisted of ___,___ and ___

Detailed Solution for Business Economics Mock Test - 2 - Question 92

The new economic policy consisted of liberalisation, globalisation and privatisation.

Business Economics Mock Test - 2 - Question 93

What are the two types of cheque?

Detailed Solution for Business Economics Mock Test - 2 - Question 93

The two type of cheques are:
1. Bearer cheque
2. Crossed cheque 

Business Economics Mock Test - 2 - Question 94

Which of the following are the different forms of consumer grievance agencies around India?

Detailed Solution for Business Economics Mock Test - 2 - Question 94

The different forms of consumer grievance agencies around India are:
1.District forum
2. State commission
3. National commission

Business Economics Mock Test - 2 - Question 95

A mobile wallet is also known as mobile money or a __________________. 

Detailed Solution for Business Economics Mock Test - 2 - Question 95

A mobile wallet is also known as mobile money or a mobile money transfer.

Business Economics Mock Test - 2 - Question 96

Freedom in fixing prices of goods and services and the reduction in sales tax rates is ___.

Detailed Solution for Business Economics Mock Test - 2 - Question 96

Freedom in fixing prices of goods and services and the reduction in sales tax rates is Liberalisation. 

Business Economics Mock Test - 2 - Question 97

What type of instruments are traded in a Money Market?

Detailed Solution for Business Economics Mock Test - 2 - Question 97

Treasury Bills. Treasury bills (T-bills) are short-term notes issued by the government. Certificates of Deposit.
Commercial Paper.
Call money

Business Economics Mock Test - 2 - Question 98

Which of the following is an example of Departmental undertakings?

Detailed Solution for Business Economics Mock Test - 2 - Question 98

All of these ar examples of Departmental undertakings.

Business Economics Mock Test - 2 - Question 99

Which of the following is a part of villages and small business sector?

Detailed Solution for Business Economics Mock Test - 2 - Question 99

All the given options come under villages and small business sector.

Business Economics Mock Test - 2 - Question 100

___ organisation may become a disruptive force when it spreads rumours.

Detailed Solution for Business Economics Mock Test - 2 - Question 100

Informal organisation may become a disruptive force when it spreads rumours.

Use Code STAYHOME200 and get INR 200 additional OFF
Use Coupon Code
Information about Business Economics Mock Test - 2 Page
In this test you can find the Exam questions for Business Economics Mock Test - 2 solved & explained in the simplest way possible. Besides giving Questions and answers for Business Economics Mock Test - 2, EduRev gives you an ample number of Online tests for practice