June 2012 - Paper 2

31:  

Which of the following refers to Perfect Competition?

(i) There are restrictions on buyers and sellers

(ii) There are no restrictions on movement of goods

(iii) There are no restrictions on factors of production

 

Correct one is

A.

only (iv)

B.

only (i) and (ii)

C.

only (ii) and (iii)

D.

only (i) and (iii)

 
 

Option: C

Explanation :

only (i)

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32:  

Out of the following, which are four dimensions of Human Development Index?

(i) Life Expectancy

(ii) Literacy Level

(iii) Success Rate of Marriages (iv) Standard of Living

(v) Crime Rate

(vi) Corruption Level

(vii) Economic Entitlement

(viii) Foreign Visits

A.

(i), (ii), (vi) and (viii)

B.

(i), (ii), (iv) and (vii)

C.

(ii),(iii),(vi) and (vii)

D.

(iii), (v), (vii) and (viii)

 
 

Option: B

Explanation :

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33:  

To manage a business well is to manage its future and to manage the future is to manage information is termed as

A.

Management information system

B.

Marketing information system

C.

Future information system

D.

General information system

 
 

Option: A

Explanation :

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34:  

Which of the following denote the structural changes in Indian economy?

A.

Primary sector contribution has gone down.

B.

Service sector contribution has gone up.

C.

Secondary sector has not changed much.

D.

All of the above

 
 

Option: D

Explanation :

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35:  

Cost of capital from all the sources of funds is called

A.

Specific cost

B.

Composite cost

C.

Implicit cost

D.

Simple Average cost

 
 

Option: A

Explanation :

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