Question 1

What is meant by liberalization?

Accepted Answer

A)  integrating world into a global village
B)  allowing more private investment
C)  opening and liberalizing the economy
D)  none of these C

Question 2

Who developed the concept of X efficiency?

Accepted Answer

A)  h leibenstein
B)  r rodan
C)  nurkse
D)  lewis A

Question 3

Which market structure is characterized with one seller and large number of buyers?

Accepted Answer

A)  oligopoly
B)  monopoly
C)  monopolistic competition
D)  duopoly B

Question 4

Which of these measures were not taken under LPG?

Accepted Answer

A)  disinvestment
B)  devaluation
C)  allowing fdi
D)  monopoly trade practices

Question 5

Why do government regulate monopolies?

Accepted Answer

A)  prevent excess prices
B)  promote competition
C)  promote welfare
D)  all of these

Question 6

Which among the following was introduced due to the Structural Adjustment Program?

Accepted Answer

A)  new economic policy
B)  new education policy
C)  industrial policy
D)  national health policy

Question 7

Which international organisation had offered financial assistance to India during late 1980s?

Accepted Answer

A)  imf and world bank
B)  industrial finance corporation
C)  international labour organization
D)  food and agricultural organization

Question 8

Which type of efficiency combines resources with lowest average cost?

Accepted Answer

A)  allocative
B)  productive
C)  technical
D)  social

Question 9

Which efficiency is output maximization from given inputs?

Accepted Answer

A)  allocative
B)  productive
C)  technical
D)  social

Question 10

Which one of the following does not come under liquidity ratio?

Accepted Answer

A)  cash coverage ratio
B)  current ratio
C)  quick ratio
D)  debt to equity ratio

Question 11

What is meant by privatization?

Accepted Answer

A)  integrating world into a global village
B)  allowing more private investment
C)  opening and liberalizing the economy
D)  none of these

Question 12

Which one of the following does not come under profitability ratio?

Accepted Answer

A)  gross profit ratio
B)  net profit ratio
C)  current ratio
D)  return on equity

Question 13

Which efficiency takes in to account all the private and external cost and benefits?

Accepted Answer

A)  allocative
B)  productive
C)  technical
D)  social

Question 14

What causes adverse selection problem?

Accepted Answer

A)  symmetric information
B)  asymmetric information
C)  none of these
D)  lack of demand and supply

Question 15

What is meant by globalization?

Accepted Answer

A)  integrating world into a global village
B)  allowing more private investment
C)  opening and liberalizing the economy
D)  none of these

Question 16

Principal agent problem is commonly associated with which sector of the economy?

Accepted Answer

A)  private
B)  public
C)  both a and b
D)  none of these

Question 17

The Lemons problem was first analysed by

Accepted Answer

A)  h leibenstein
B)  r rodan
C)  george akerlof
D)  lewis

Question 18

……….. refers to the total productivity of all inputs taken together.

Accepted Answer

A)  total factor productivity
B)  marginal product
C)  average product
D)  average revenue

Question 19

Which is a common method of measuring technological progress?

Accepted Answer

A)  solow residual
B)  total product
C)  average product
D)  gini coefficient

Question 20

Which one of the following does not come under NEP?

Accepted Answer

A)  liberalization
B)  globalization
C)  privatization
D)  socialization

Exam 2: Financial Ratios, Efficiency, and Economic Policies

What is meant by liberalization?

Who developed the concept of X efficiency?

Which market structure is characterized with one seller and large number of buyers?

Which of these measures were not taken under LPG?

Why do government regulate monopolies?

Which among the following was introduced due to the Structural Adjustment Program?

Which international organisation had offered financial assistance to India during late 1980s?

Which type of efficiency combines resources with lowest average cost?

Which efficiency is output maximization from given inputs?

Which one of the following does not come under liquidity ratio?

What is meant by privatization?

Which one of the following does not come under profitability ratio?

Which efficiency takes in to account all the private and external cost and benefits?

What causes adverse selection problem?

What is meant by globalization?

Principal agent problem is commonly associated with which sector of the economy?

The Lemons problem was first analysed by

……….. refers to the total productivity of all inputs taken together.

Which is a common method of measuring technological progress?

Which one of the following does not come under NEP?