4. A bill of exchange is called a ____ by one who is liable to pay it on the due date

by
A) Bill receivable
B) Noted bill of exchange
C) Bill payable
D) None of the above
✅ ANSWER: C
A bill of exchange is called a Bill payable by one who is liable to pay it on the due date. It is a written, unconditional order by one party (the drawer) to another (the drawee) to pay a certain sum, either immediately (a sight bill) or on a fixed date (a term bill), for payment of goods and/or services received.

38. In case of ________ layout, production is carried on in special purpose machine.

by
A) functional
B) product
C) stationary
D) combined
✅ ANSWER: B
In case of product layout, production is carried on in special purpose machine. Since machines are arranged based on the sequence of operations, mechanized equipment such as conveyor belts can be used for transporting materials. This results in significant saving of time.

36. If marginal opportunity cost is falling, the PPF would be

by
A) Straight line
B) Concave
C) Backward leading
D) Convex
✅ ANSWER: D
If marginal opportunity cost is falling, the PPF would be convex. Pay Per Click curve can be convex to the origin when the opportunity cost decreases. This can happen only when less and less units are foregone of first commodity for the introduction of additional unit of another commodity. Due to increasing marginal opportunity cost. PPC becomes concave to origin.

34. The relationship between potential unsystematic risk and reward is given by ___________.

by
A) Excess return to beta ratio
B) Excess return to security
C) Excess return to security
D) Excess return to beta square ratio
✅ ANSWER: A
The relationship between potential unsystematic risk and reward is given by excess return to beta ratio. Beta Ratio refers to the efficiency in which a given filter element removes particles of a given size.

26. Economic survey is published by

by
A) Ministry of Finance
B) Planning Commission
C) Government of India
D) Indian Statistical Institute
✅ ANSWER: A
The Department of Economic Affairs, Finance Ministry of India presents the Economic Survey in the parliament every year, just before the Union Budget.It is prepared under the guidance of the Chief Economic Adviser, Finance Ministry. It is the ministry’s view on the annual economic development of the country.