December 2015 - Paper 2

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4. Paper 2

1:  

Which one of the following assumptions is not related to consumer behaviour based on the cardinal utility approach?

A.	Rationality
B.	Diminishing marginal utility of money
C.	Utility cardinally measurable
D.	Maximization of satisfaction with limited money income
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	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

2:  

Statement - I: A rectangular hyperbola shaped demand curve has uniform slopes on all  its points.

 

Statement - II : If the price elasticity is equal to unity, the marginal revenue corresponds to  zero.

A.	Both the statements are correct
B.	Both the statements are incorrect
C.	Statement - I is correct while Statement - II is incorrect
D.	Statement - I is incorrect while Statement - II is correct
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	Option: D Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

3:  

Match the items of List - I w ith the items of List - II and find the correct combination:

 

List - I (Market  Structure)	List – II (Nature of industry whe re prevalent)
(a) Perfect competition	(i)  Aluminium and passenger cars
(b) Oligopoly	(ii)  Public utilities like Telephones and Electricity
(c) Monopoly	(iii)  Manufacturing : T. V. Sets, Refrigerators
(d) Mono polistic competition	(iv) Farm Products : Grains

 

A.	(i) (ii) (iii) (iv)
B.	(iv) (i) (ii) (iii)
C.	(iii) (iv) (i) (ii)
D.	(ii) (ii;) (iv) (i)
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	Option: C Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

4:  

Statement - I   :   In general, the NPV and IRR met hods lead to the same acceptance or rejection decision when a single project is involved.

 

Statement - II : The inconsistency in ranking of competing projects as per the NPV and IRR methods lies in the implicit assumptions with regard to different rates of returns on re-investment of intermediate cash flows.

A.	Both statements are correct
B.	Both statements are incorrect
C.	Statement - I is correct while Statement - Il is incorrect
D.	Statement - I is incorrect wh ile Statement - II is correct
	Answer Report Discuss
	Option: A Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

5:   Which one of the following is not covered in macro-economics?

A.	Performance of the entire economy
B.	Price and output determination of a conunodity
C.	Factors and forces of economic fluctuations
D.	Monetary and fiscal policies
	Answer Report Discuss
	Option: B Explanation : Click on Discuss to view users comments. Write your comments here: Updating your Comments.. Updating your Comments..

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