Administrator, Author at GetMCQs

1747. Identify the incorrect statements.

Consumer Disputes involving private insurance companies can be heard by Consumer Forum or commission

Life Insurance does not come under Consumer Protection Act 1986

Complaints can be lodged against private insurers as also public sector companies/corporation like LIC

Complaints can be lodged only life insurance companies as also non-life insurance companies

✅ The correct answer is B.
Life Insurance comes under Consumer Protection Act 1986.

1748. The MC curve cuts the AVC and ATC curves at

The falling part of each

Different points

Their respective minimas

The rising part of each

✅ The correct answer is C.
The MC curve cuts the AVC and ATC curves at their respective minimas.

1729. These are kinds of rent EXCEPT

Differential rent

Scarcity rent

Mobility rent

Location rent

✅ The correct answer is C.
These are kinds of rent except mobility rent.

1730. Beta reflects stock risk for investors which is usually

individual

collective

weighted

linear

✅ The correct answer is A.
Beta reflects stock risk for investors which is usually individual. The beta of an investment is a measure of the risk arising from exposure to general market movements as opposed to idiosyncratic factors.

1732. Standard deviation is 18% and expected return is 15.5% then coefficient of variation would be

0.86%

1.16%

2.50%

-2.50%

✅ The correct answer is B.

1734. If price and total revenue move in the same direction, then demand is

Inelastic

Elastic

Unrelated

Perfectly elastic

✅ The correct answer is A.
If price and total revenue move in the same direction, then demand is Inelastic. If you decrease the good’s price, a large increase occurs in quantity demanded, and total revenue increases.

1736. Process of assigning indirect costs to any specific cost object is known as

economic cost

cost tracing

cost allocation

non-economic costs

✅ The correct answer is C.
Process of assigning indirect costs to any specific cost object is known as cost allocation. Cost allocation is the process of identifying, aggregating, and assigning costs to cost objects. A cost object is any activity or item for which you want to separately measure costs.

1738. Who expressed the view that ‘Economics should be neutral between ends’?

Robbins

Marshall

Pigou

Adam Smith

✅ The correct answer is A.
Robbins expressed the view that ‘Economics should be neutral between ends’. He believes that Economics is concerned merely with the utilization of scarce means far the satisfaction of multiple ends.

1715. If a market is inefficient, as new information is received about a security____________.

nothing will happen

the stock price will fall at first and then later rise

there will be a lag in the adjustment of the stock price

there will be negative demand for the stock

✅ The correct answer is C.
If a market is inefficient, as new information is received about a security there will be a lag in the adjustment of the stock price.

161. Which of the following sets of expense are the direct expense of business?

Wages, Carriage Inward, Octroi

Postage, Wages, Carriage Inward

Purchases, Wages, Coal Expenses

Both ‘a’ and ‘c’

✅ The correct answer is D.
Wages, Carriage Inward, Octroi and Purchases, Wages, Coal Expenses sets of expense are the direct expense of business.

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