Managerial Economics Online Test

Managerial Economics Online Test

Take Managerial Economics Online Test and evaluate your readiness before you appear for any interview or written test. Consisting of objective type questions from various important concepts of Managerial Economics, this test presents you questions followed by four options. The correct answer and explanation provided with each question make it easier for you to to understand each concept well.

Who is this Managerial Economics Online Test designed for?

All the management students and experienced professionals will find this test extremely useful. All freshers, B.Com, M.Com, BBA, MBA, college students wanting to make a career in management will be highly benefitted by this test.

Managerial Economics Online Test topics

This online test covers topics like - Production Analysis, Cost Analysis, Demand, Supply, Business Cycle etc.
1. _________may put the producer in a tense situation to recover ______ funds.

a. Underproduction, low
b. Oligopoly, high
c. Prices, marginal
d. Overproduction, high

Answer: d. Overproduction, high


2. Which of the following are the measures for price control?

i] Monetary Policy
ii] Fiscal policy
iii] Liberalization
iv] Fixation of minimum prices

a. Only i and ii
b. Only ii and iii
c. i, ii and iv
d. All the above

Answer: c. i, ii and iv


3. Which of the following predominantly determines the supply?

a. Demand
b. Stock
c. Consumption
d. Income

Answer: b. Stock


4. Match the Following

1] Fixed Costi] Remains constant at different level of production
2] Variable costii] Varies according to different level of production
3] Average Variable Costiii] Decreases as the level of production goes up
4] Total cost is equal to Total Revenueiv] At the break-even level
v] Rises with the rising production
vi] At 100% capacity
a. 1-i, 2-ii, 3-iii, 4-iv
b. 1-ii, 2-vi, 3-iv, 4-iii
c. 1-iii, 2-vi, 3-iv, 4-ii
d. 1-i, 2-vi, 3-iv, 4-iii

Answer: a. 1-i, 2-ii, 3-iii, 4-iv


5. What is the effect of cheaper substitutes on the demand of a commodity?

a. Rises
b. Becomes double
c. Remains unaffected
d. Becomes less

Answer: d. Becomes less

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