ICFAI MBA Distance Education Question Papers Download For All Groups

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I want the sample question paper of Distance Education MBA of Institute of Chartered Financial Analysts of India ICFAI?

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I am providing you the sample question paper of Distance Education MBA of Institute of Chartered Financial Analysts of India ICFAI.

ICFAI MBA question paper

Business Economics I (MB1B3): January 2009

Answer all 78 questions.
Marks are indicated against each question.

Total Marks : 100

1.
Which of the following is not responsible for an increase in demand for a commodity?
(a) An increase in consumers preference for the commodity
(b) A decrease in the commoditys price
(c) A decrease in the price of the complementary good
(d) An increase in consumers income
(e) An increase in the price of the substitute good. (1 mark)

2.
The demand curve faced by a perfectly competitive firm is
(a) Vertical
(b) Horizontal
(c) Negatively sloped
(d) Positively sloped
(e) Rectangular hyperbola. (1 mark)

3.
In the long-run equilibrium, a perfectly competitive firm produces the output at which price is equal to
I. Short run average cost.
II. Long run average cost.
III. Short run marginal cost.
(a) Only (I) above
(b) Only (II) above
(c) Both (I) and (II) above
(d) Both (II) and (III) above
(e) All (I), (II) and (III) above. (1 mark)

4.
Which of the following statements is not true regarding opportunity cost?
(a) It is the value of the next best use for an economic good
(b) It is the value of a sacrificed alternative
(c) It is useful in decision-making
(d) It does not take into consideration, the cost of time
(e) It is useful for valuing non-marketed goods. (1 mark)

5. The income effect refers to the effect of a change in the price of a product on the
(a) Consumers purchasing power
(b) Consumers bargaining power
(c) Consumers willingness
(d) Producers bargaining power
(e) Monopoly power. (1 mark)

6.
The demand for a diamond ring is said to be
(a) Perfectly elastic
(b) Unitary elastic
(c) Relatively inelastic
(d) Relatively elastic
(e) Perfectly inelastic. (1 mark)

7.
A perfectly competitive firm can increase its sales revenue by
(a) Reducing the price
(b) Increasing the price
(c) Increasing the production
(d) Increasing the expenditure on advertising
(e) Increasing the sales force. (1 mark)


ICFAI MBA question paper






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