Classical

Business Economics - Business Economics Questions

26:  
Match List-I with List-II and select the correct answer using the codes glven below the lists:
 
                 List-I                                                           List-II 
a. Loyal customers products                                      l. Less attention 
b. Loyal customers are sensitive                             II. Cheaper
c. Loyal customers pay to competitors advertising     III. Less price
d. serving existing customer is                                 IV. Buy More
A.

a   b   c   d

III   I    II   IV

B.

a   b     c   d

IV   III    I  II

C.

a   b   c   d

II   I    III   IV

D.

a   b   c   d

IV  III  II    I

 
 

Option: B

Explanation :

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27:  
Which one of the following is not a common property of an indifference curve
A.

Downward sloping

B.

Convex to the origin

C.
Two indifference curves can intersect each other
D.

None of the above

 
 

Option: C

Explanation :

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28:  

The appropriate objective of an enterprise is

A.

Maximisation of sales

B.

 Maximisation of owner's wealth

C.

Maximisation of profits

D.

None of the above

 
 

Option: B

Explanation :

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29:  
Positive income effect is greater than negative substitution effect in case of
A.

Normal goods

B.

Inferior goods

C.

Luxury goods

D.

Giffen goods

 
 

Option: D

Explanation :

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30:  
Match List-I with List-II and select the correct answer using the codes given below the lists:
            List-I                                                     List-II
a. Perfect competition                       I. No control
b. Monopolistic competition               II. Some control
c. Oligopoly                                     III. Practically some control
d. Monopoly                                     IV. Usual control
A.

a     b     c       d

I      II      III     IV

B.

a     b     c       d

II      III    IV      I

C.

a     b     c       d

III    II      IV      I

D.

a     b     c     d

IV    III    II      I

 
 

Option: A

Explanation :

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