Quiznetik
Industrial Economics | Set 1
1. Who were the pioneers in the field of SCPP (Structure-Conduct-Performance Paradigm)?
A. mason and j s bain
B. lucas and arrow
C. friedman and barro
D. smith and mill
Correct : A. mason and j s bain
2. What is referred to the degree of concentration within the industry?
A. market structure
B. market paradigm
C. market concentration
D. monopoly power
Correct : C. market concentration
3. Most commonly used indicator of concentration is
A. gini coefficient
B. coefficient of variation
C. standard deviation
D. quartile deviation
Correct : A. gini coefficient
4. Which indicator is the sum of square of ratio of firm size to industry size?
A. laspeyers index
B. paasches index
C. fishers index
D. herfindahl index
Correct : D. herfindahl index
5. Less elastic the demand for monopolist’s product, the degree of monopoly power would be …….,
A. more
B. less
C. same
D. zero
Correct : A. more
6. Whose index of monopoly power is given as p – mc/p?
A. lerner’s index
B. paasche’s index
C. fisher’s index
D. herfindahl index
Correct : A. lerner’s index
7. Which of the factor does not determine the elasticity of a firm’s product?
A. elasticity of market demand
B. number of firm
C. nature of interaction
D. transaction cost
Correct : D. transaction cost
8. The size of larger industry’s share in total industry sales is known as:
A. gini coefficient
B. concentration ratio
C. standard deviation
D. quartile deviation
Correct : A. gini coefficient
9. Backward integration is a form of ………
A. vertical integration
B. horizontal integration
C. forward integration
D. none of these
Correct : A. vertical integration
10. An agreement that unites two existing companies into one is known as …..
A. merger
B. oligopoly
C. duopoly
D. competition
Correct : A. merger
11. What is known as the technique of discovering the optimal placement for an industry?
A. industry analysis
B. optimal analysis
C. location analysis
D. none of these
Correct : C. location analysis
12. Which of these is a non-geographical factor influencing an industry’s location?
A. raw material
B. power
C. transport
D. capital
Correct : D. capital
13. Industrial inertia is an example of
A. geographical factor
B. non-geographical factor
C. natural factor
D. none of these
Correct : B. non-geographical factor
14. Who developed central place theory?
A. walter chris
B. j s bain
C. friedman
D. robert lucas
Correct : A. walter chris
15. Which city is known as “Manchestor of India”?
A. ahmedabad
B. mumbai
C. gujarat
D. delhi
Correct : A. ahmedabad
16. Which city is known as the “Silicon Valley” of India?
A. bangalore
B. delhi
C. mumbai
D. gujarat
Correct : A. bangalore
17. In which year was New Economic Policy introduced in India?
A. 1991
B. 1981
C. 1971
D. 1998
Correct : A. 1991
18. Which was the first Iron and Steel plant in India
A. tisco
B. birla
C. rorkela
D. none of these
Correct : A. tisco
19. Time taken for an industry to set up a plant and to make it operational is called
A. gestation period
B. production period
C. shut down period
D. none of these
Correct : A. gestation period
20. …………. Is the speed with which working capital completes its round
A. operating cycle
B. input cycle
C. gestation period
D. shut down period
Correct : A. operating cycle
21. Shares and ploughing back profits are example of
A. ownership funds
B. borrowed funds
C. none of these
D. both of these
Correct : A. ownership funds
22. ……….. measures the ability of a company to remain in business
A. liquidity ratio
B. activity ratio
C. leverage ratio
D. profitability ratio
Correct : A. liquidity ratio
23. ………. Is a strong indicator of quality of management?
A. liquidity ratio
B. activity ratio
C. leverage ratio
D. profitability ratio
Correct : A. liquidity ratio
24. Which ratio shows the ability of a company to pay back its debts?
A. liquidity ratio
B. activity ratio
C. leverage ratio
D. profitability ratio
Correct : C. leverage ratio
25. ………….. measures how well the company performs in generating the profits.
A. liquidity ratio
B. activity ratio
C. leverage ratio
D. profitability ratio
Correct : D. profitability ratio
26. Which one of the following does not come under liquidity ratio?
A. cash coverage ratio
B. current ratio
C. quick ratio
D. debt to equity ratio
Correct : D. debt to equity ratio
27. Which one of the following does not come under profitability ratio?
A. gross profit ratio
B. net profit ratio
C. current ratio
D. return on equity
Correct : C. current ratio
28. Which is a common method of measuring technological progress?
A. solow residual
B. total product
C. average product
D. gini coefficient
Correct : A. solow residual
29. ……….. refers to the total productivity of all inputs taken together.
A. total factor productivity
B. marginal product
C. average product
D. average revenue
Correct : A. total factor productivity
30. Which type of efficiency combines resources with lowest average cost?
A. allocative
B. productive
C. technical
D. social
Correct : B. productive
31. Which efficiency is output maximization from given inputs?
A. allocative
B. productive
C. technical
D. social
Correct : A. allocative
32. Who developed the concept of X efficiency?
A. h leibenstein
B. r rodan
C. nurkse
D. lewis
Correct : A. h leibenstein
33. Who among the following are associated with dynamic efficiency?
A. h leibenstein
B. r rodan
C. joseph schumpeter
D. lewis
Correct : C. joseph schumpeter
34. Which efficiency takes in to account all the private and external cost and benefits?
A. allocative
B. productive
C. technical
D. social
Correct : D. social
35. Principal agent problem is commonly associated with which sector of the economy?
A. private
B. public
C. both a and b
D. none of these
Correct : A. private
36. The Lemons problem was first analysed by
A. h leibenstein
B. r rodan
C. george akerlof
D. lewis
Correct : C. george akerlof
37. What causes adverse selection problem?
A. symmetric information
B. asymmetric information
C. none of these
D. lack of demand and supply
Correct : B. asymmetric information
38. Which one of the following does not come under NEP?
A. liberalization
B. globalization
C. privatization
D. socialization
Correct : D. socialization
39. Which of these measures were not taken under LPG?
A. disinvestment
B. devaluation
C. allowing fdi
D. monopoly trade practices
Correct : D. monopoly trade practices
40. What is meant by globalization?
A. integrating world into a global village
B. allowing more private investment
C. opening and liberalizing the economy
D. none of these
Correct : A. integrating world into a global village
41. What is meant by liberalization?
A. integrating world into a global village
B. allowing more private investment
C. opening and liberalizing the economy
D. none of these
Correct : C. opening and liberalizing the economy
42. What is meant by privatization?
A. integrating world into a global village
B. allowing more private investment
C. opening and liberalizing the economy
D. none of these
Correct : B. allowing more private investment
43. Which among the following was introduced due to the Structural Adjustment Program?
A. new economic policy
B. new education policy
C. industrial policy
D. national health policy
Correct : A. new economic policy
44. Which international organisation had offered financial assistance to India during late 1980s?
A. imf and world bank
B. industrial finance corporation
C. international labour organization
D. food and agricultural organization
Correct : A. imf and world bank
45. Which market structure is characterized with one seller and large number of buyers?
A. oligopoly
B. monopoly
C. monopolistic competition
D. duopoly
Correct : B. monopoly
46. Why do government regulate monopolies?
A. prevent excess prices
B. promote competition
C. promote welfare
D. all of these
Correct : D. all of these