Mixed economy is identified by
A.Lack of competition
B.co-existence of public and private sectors
C.vigorous competition
D.rising trend in prices
Category: Business Management Mcqs
One of the essential conditions of perfect competition is
A.Product differentiation
B.Multiplicity of prices for identical product at any one time
C.Many sellers and few buyers
D.Many sellers and few sellers
E.Only one price for identical goods at any one time
The sign of a country’s development is
A.More and more industries
B.Higher standard of living
C.Higher per capita income
D.More means of transport
E.All of the above
Which Trade Union has affiliation to Congress party
A.All India Trade Union Congress
B.The Centre of Indian Trade Union
C.The Indian Nation trade Union Congress
D.The Hind Mazdoor Sabha
E.None of the above
Pay level relates company wages to
A.Labour costs
B.Pay criteria
C.External labour market conditions
D.Minimum wage act
E.None of the above
A military organisation is known as
A.Line organisation
B.Line and staff organisation
C.Functional organisation
D.Committee
E.None of the above
Placement is
A.Matching
B.Judging
C.Hiring
D.Finding
E.None of the above
Stock of raw materials held by a firm is known as its
A.fixed capital
B.working capital
C.circulating capital
D.none of the above
When supply is fixed, the market price is determined by
A.demand
B.income
C.Cost
D.Profit
Training current workers new skills may be best thought of as
A.Time consuming
B.Downgrading
C.Retraining
D.Inefficient
E.Benevolent
