Multiple Choice Questions

DEPARTMENT OF HUMAN RESOURCE MANAGEMENT
ANDHRA UNIVERSITY
II-Mid Semester Examination
October, 2010
Industrial and Managerial Economics
Time: ½ hour Marks : 15
Answer all Questions

1. Among the following factors, what are the factors that determine the optimum size of the firm A (i) Technical forces. B (ii) Managerial factor. C (iii) Financial factor. D (IV) Marketing factor. (v) Factor of fluctuations and risk providing.

A. i and ii B. ii and iv C. iii and v D. All the five

Ans:D

2. The concept of Representative firm is given by

A. Alfred Marshall B. E.A.G. Robinson C. A.C. Pigou D. A.K. Sen

Ans: A

3. Who has defined the concept of optimum firm?

A. A.C. Pigou B. K.S.Resh C. E.A.G. Robinson D. John Robinson

Ans: C

4. Labour Economics deals with

A. Man Power planning B. Organisation C. Labour relations and public policy D. All the above

Ans: D

5. In Economic sense, what is Labour

A. Any work which is undertaken for monetary purpose. B. Any work whether manual (or) mental, which is undertaken for monetary purpose. C. Any manual work which is undertaken for monetary purpose. D. None of the above.

Ans:B

6. What is the origin of Industrial Revolution?

A. Wheel B. paper C. Market D. None of these.

Ans: A

7. Labour problems arise when

A. The various factors of production are produced by one and the same person. B. Labour is treated as a separate factor of production. C. The various factors of production are produced by different people. D. Labour is supplied by agents.

Ans: C