Managerial Economics Quiz - 3

1. Demand is related to price, time and place.
[A]TRUE
[B]FALSE



2. During inflation, the pensioners whose income is permanently fixed, are substantially benefited.
[A]TRUE
[B]FALSE



3. During period of depression various factors of production lie unutilized.
[A]TRUE
[B]FALSE



4. During recession, on account of decline in investment by producers, there is decline in income and consumption.
[A]TRUE
[B]FALSE



5. During the period of depression, a large part of a country’s resources lie involuntarily idle.
[A]TRUE
[B]FALSE



6. During the period of depression, demand for bank credit reaches its low level and banks experience mounting of their cash balances.
[A]TRUE
[B]FALSE



7. During the period of recession there is increase in incomes of wage and interest earners.
[A]TRUE
[B]FALSE



8. During the phase of depression, the level of national income and expenditure rises rapidly.
[A]TRUE
[B]FALSE



9. Economic problem arises only in case of an overpopulated country.
[A]TRUE
[B]FALSE



10. Economic problem does not arise in case of a rich country.
[A]TRUE
[B]FALSE



11. Economic problem is faced by poor countrys only.
[A]TRUE
[B]FALSE



12. Economic problem is universal in nature
[A]TRUE
[B]FALSE



13. Emotional distress shrinks working memory.
[A]TRUE
[B]FALSE



14. Every manager in an organisation gives direction to his subordinates as a superior and receives direction as subordinate from his superior.
[A]TRUE
[B]FALSE



15. External economies are the advantages of large scale production enjoyed exclusively an individual firm alone.
[A]TRUE
[B]FALSE