Classical

Advanced Questions - Section 8

16:  

In order to control credit

A.

CRR should be increased and Bank Rate should be decreased.

B.

CRR should be decreased and Bank Rate should be decreased.

C.

CRR should be increased and Bank Rate should be increased.

D.

CRR should be decreased and Bank Rate should be increased.

 
 

Option: C

Explanation :

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17:  

What is the "Fundamental Premise of Economics"?

A.

Individuals are capable of establishing goals and acting in a manner consistent with achievement of those goals.

B.

Natural resources will always be scare.

C.

Individuals choose the alternative for which they believe the net gains to be the greatest.

D.

No matter what the circumstances, individual choice always involve a tradeoff.

 
 

Option: C

Explanation :

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18:  

Human relations approach of management is associated with

A.

Abraham Maslow

B.

Peter F. Drucker

C.

Elton Mayo

D.

Herzberg

 
 

Option: C

Explanation :

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19:  

In perfect competition in the long run there will be no ___

A.

Normal profits

B.

Supernormal profits

C.

Production

D.

Costs

 
 

Option: B

Explanation :

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20:  

Which of the following is a non-current liability?

A.

Bills payable

B.

Sundry creditors

C.

Bank overdraft

D.

Long term loans

 
 

Option: D

Explanation :

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