Business Awareness problems
- 1. A monopoly is a market that has
Options- A. single seller
- B. single buyer
- C. single seller and single buyer
- D. a seller but no buyer Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: single seller
Explanation:
A monopoly is a market that has a single seller of a unique product in the market. He does not have any competition in the market as he has no substitute product for the product he is selling.
- 2. Product costs are also called
Options- A. Inventoriable Costs
- B. Voluntary Costs
- C. Vulnerable Costs
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Inventoriable Costs
Explanation:
Product costs are also called Inventoriable Costs, since the product costs are used to value their goods in inventory.
- 3. How much loan amount was sanctioned by The World Bank to help India develop its first modern waterway?
Options- A. $575 million
- B. $275 million
- C. $375 million
- D. $475 million Also asked in: AIEEE, Bank Exams, CAT
Correct Answer: $375 million
- 4. Chennai-based FMCG company, CavinKare has made an entry into homecare segment by launching a liquid toilet cleaner. The brand name of the toilet cleaner is
Options- A. Tavex
- B. Tex
- C. Texco
- D. Domotex Discuss
Correct Answer: Tex
- 5. Black markets are associated with
Options- A. Price floors and the resulting product shortages
- B. Ceiling prices and the resulting product shortages
- C. Price floors and the resulting product surpluses
- D. Ceiling prices and the resulting product surpluses Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Ceiling prices and the resulting product shortages
- 6. An improvement in production technology will
Options- A. shift the supply curve to the left
- B. shift the demand curve to the left
- C. shift the supply curve to the right
- D. increase equilibrium price Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: shift the supply curve to the right
Explanation:
An improvement in production technology will shift the supply curve to the right.
- 7. The advantages of being an entrepreneur are
Options- A. making the important decisions
- B. you choose the work you like to do
- C. opportunity to be your own boss
- D. All of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: All of the above
- 8. A person should consume more of something when its marginal cost
Options- A. Benefit exceeds its marginal cost
- B. Marginal cost exceeds its benefit
- C. Benefit deceeds its marginal cost
- D. None of the above Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: Benefit exceeds its marginal cost
- 9. Performance goals are used to
Options- A. measure productivity
- B. determine a worker's attitude
- C. measure effectiveness, but not efficiency
- D. communicate nonverbally Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: measure productivity
Explanation:
Performance goals are used to measure productivity.
- 10. What is the main motive behind dealer incentives?
Options- A. encouraging the maximum number of sales of the manufacturers products
- B. to maintain a permanent deal
- C. maintaining good dealer-manufacturer relationships
- D. ensuring that the customer gets the best possible deal Also asked in: AIEEE, Bank Exams, CAT, Analyst, Bank Clerk, Bank PO
Correct Answer: encouraging the maximum number of sales of the manufacturers products
Explanation:
The main motive behind dealer incentives is to give the products at some low price for the dealers who take the products in bulk and maintain good selling of these products.
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