Tag: business economics and quantitative methods

Questions Related to business economics and quantitative methods

The __________________ presents the budget in Lok Sabha.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. President

  2. Speaker

  3. Prime minister

  4. Finance minister

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Correct Option: D

Once the budget is prepared, it goes to the ________________ for enactment or legislation.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. RBI

  2. Parliament

  3. President

  4. none of the above

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Correct Option: B

Indifference curves can intersect each other.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. True

  2. False

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Correct Option: B
Explanation:

Indifference curves cannot intersect each other as it would break down the indifference curve analysis. This is because the consumer would have more than one point on the indifference curve giving him a different level of satisfaction.

Along an indifference curve utility is _______.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. same

  2. lesser

  3. greater

  4. none of the above

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Correct Option: A

Convexity means the slope is __________.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. increasing

  2. decreasing

  3. constant

  4. zero

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Correct Option: B

What shows all possible combinations of two goods that can be bought by the consumer?

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. Marginal utility curve

  2. Indifference curve

  3. Budget line

  4. None of the above

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Correct Option: C

At the point of consumer's equilibrium indifference curve and budget curve are __________.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. passing through each other

  2. intersecting

  3. tangent

  4. none of the above

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Correct Option: C

The _______________ of the budget starts once the Finance and Appropriation Bills are passed.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. preparation

  2. enactment

  3. execution

  4. none of the above

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Correct Option: C

The preparation of the budget by the Ministry of Finance, Government of India, starts in the month of _________________.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. January

  2. September

  3. December

  4. March

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Correct Option: B

Budget of the Delhi government is an example of _____________ budget.

business economics and quantitative methods government budget and economy consumer's budget public finance indifference curve

  1. union

  2. state

  3. district

  4. national

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Correct Option: B
Explanation:
State budget is the government budget which is prepared for a given financial year for a single state. The budget prepared by the state government is a state budget. Therefore, the budget of Delhi government is an example of state budget.