MRO inventories are
A.Machine repairs or Operation supplies
B.Money on repairs
C.Maintenance repair and Operation supplies
D.Mainly repair operations supplies
E.None of the above
Category: Business Management Mcqs
Saving is defined as
A.Accounting difference between current income and consumption
B.Sum of savings made by the different factors
C.Excess of expenditure over available income
D.Amount set aside for meeting unforeseen expenditure
E.None of the above
Trade will occur when
A.Personnel values are different
B.Middle-men can profit by making trade
C.The exchange leads to more preferred situation for the traders
D.There is enough disparity between the consumption-substitution ratios to cover the costs of trades
E.All of the above
A fall in demand for the product of a monopolised industry when predicted with lead to
A.A fall in price
B.A decrease in number of firms in the long run
C.A decrease in the output of each firms
D.All of the above
E.None of the above
Assuming the statistical information is available, which of the following is the best measure of an increase in a country’s economic efficiency?
A.Increase in real national income
B.Increase in real national income per head of the working population
C.Increase in net annual investment
D.Increase net annual private investment
E.Increase in transactions involving transfer of money
EXIM bank was established
A.to ensure quality goods
B.to promote exports
C.to finance small scale entrepreneurs
D.to finance sick industries
The cause of slow growth of national income in India is
A.rapid population growth
B.deficiency in investment
C.high capital output ratio
D.All of the above
