Page 335 - GMAT 2017b_Neatb

Marketing Test

(A) USA (B) Partial competition
(B) U.K. (C) Zero competition
(C) Germany (D) Pure competition
(D) New Zealand
90. Prof. Chamberlin put forth the concept of
81. Which one of the following is not amongst India’s (A) Perfect competition
major import item? (B) Partial competition
(A) Ayurvedic medicine (C) Zero competition
(B) Machinery (D) Pure competition
(C) Oil and petroleum
(D) Pearls and precious stones 91. Which of the following statement is correct?
(A) Perfect competition is more realistic than pure
82. The latest wave in information technology is competition
(A) Call centre (B) Perfect competition is less realistic than pure
(B) E-mail competition
(C) E-banking (C) Perfect and Pure competition are equally realistic
(D) Telephone (D) None of these, they are idealistic not realistic.

83. The structure of government budget are 92. A firm under perfect competition is a
(A) Public expenditure (A) price taker
(B) Budget Receipts (B) price maker
(C) Budget Expenditure (C) both price taker and price maker
(D) None of these (D) neither price taker nor price maker

84. The acronym ‘UTH’ stands for 93. Study the graph below that shows the demand curve of
(A) United Trade India the firm in perfect competition.
(B) Unit Trade of India
(C) Unit Trade Industry
(D) All of these P C D P
Price
85. Debentures represent
(A) Fixed capital of company
(B) Fluctuating capital of company O A B X
(C) Loan capital of company Quantity
(D) Total assets of company
The line that represents the firm’s demand curve is
86. The maturity period of a commercial paper usually (A) PP
ranges from (B) OX
(A) 20 to 60 days (C) AC
(B) 60 to 100 days (D) DB
(C) 110 to 365 days
(D) 90 to 354 days 94. In monopoly condition, there is
(A) Many sellers but one buyer
87. Disguised unemployment in developing countries is (B) Many seller and many buyers
found in (C) One seller and many buyers
(A) manufacturing industries (D) None of these
(B) agriculture
(C) service sector 95. Which of the following is characterized by the partial
(D) banking control over price of a commodity?
(A) Perfect competition
88. A sudden decrease in birth rate will cause (B) Monopolistic competition
(A) increase in production (C) Pure competition
(B) increase in per capita income (D) Monopolistic
(C) increase in investments
(D) All of these 96. The differentiation in the product is observed in case
of
89. A market where there is a large number of buyers and (A) Pure competition
sellers of a commodity, the market is said to have
(A) Perfect competition
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