Question 1

Who were the pioneers in the field of SCPP (Structure-Conduct-Performance Paradigm)?&#10;A)mason and j s bain&#10;B)lucas and arrow&#10;C)friedman and barro&#10;D)smith and mill

Accepted Answer

Mason and J.S. Bain were pioneers in the development of the Structure-Conduct-Performance Paradigm (SCPP), which is a framework used in industrial organization economics to understand how market structure affects market conduct and market performance.

Question 2

What is referred to the degree of concentration within the industry?&#10;A)market structure&#10;B)market paradigm&#10;C)market concentration&#10;D)monopoly power

Accepted Answer

Market concentration refers to the degree of concentration within an industry, indicating how much of the market is controlled by the top firms.

Question 3

Most commonly used indicator of concentration is&#10;A)gini coefficient&#10;B)coefficient of variation&#10;C)standard deviation&#10;D)quartile deviation

Accepted Answer

The Gini coefficient is the most commonly used indicator of concentration, especially in the context of income inequality, as it measures the inequality among values of a frequency distribution (for example, levels of income).

Question 4

Which indicator is the sum of square of ratio of firm size to industry size?&#10;A)laspeyers index&#10;B)paasches index&#10;C)fishers index&#10;D)herfindahl index

Accepted Answer

The Herfindahl Index is a measure of the size of firms in relation to the industry and an indicator of the amount of competition among them. It is calculated as the sum of the squares of the market shares of each firm within the industry, effectively capturing the ratio of firm size to industry size squared.

Question 5

Less elastic the demand for monopolist's product, the degree of monopoly power would be &#8230;&#8230;.,&#10;A)more&#10;B)less&#10;C)same&#10;D)zero

Accepted Answer

The less elastic the demand for a monopolist's product, the more monopoly power the monopolist has. This is because with inelastic demand, consumers are less sensitive to price changes, allowing the monopolist to set higher prices without losing many sales.

Question 6

Whose index of monopoly power is given as p - mc/p?&#10;A)lerner's index&#10;B)paasche's index&#10;C)fisher's index&#10;D)herfindahl index

Accepted Answer

Lerner's index of monopoly power is given by the formula (p - mc) / p, where p is the price set by the monopolist and mc is the marginal cost. This index measures the degree of market power the monopolist has by exploiting the difference between price and marginal cost relative to the price.

Question 7

Which of the factor does not determine the elasticity of a firm's product?&#10;A)elasticity of market demand&#10;B)number of firm&#10;C)nature of interaction&#10;D)transaction cost

Accepted Answer

Transaction cost does not directly determine the elasticity of a firm's product. Elasticity is more influenced by market demand, the number of firms, and the nature of interactions in the market.

Question 8

The size of larger industry's share in total industry sales is known as:School of Distance EducationIndustrial Economics Page 2&#10;A)gini coefficient&#10;B)concentration ratio&#10;C)standard deviation&#10;D)quartile deviation

Accepted Answer

The answer of The size of larger industry's share in...

Question 9

Backward integration is a form of &#8230;&#8230;&#8230;&#10;A)vertical integration&#10;B)horizontal integration&#10;C)forward integration&#10;D)none of these

Accepted Answer

Backward integration is a type of vertical integration where a company expands its role to fulfill tasks formerly completed by businesses up the supply chain.

Question 10

An agreement that unites two existing companies into one is known as &#8230;..&#10;A)merger&#10;B)oligopoly&#10;C)duopoly&#10;D)competition

Accepted Answer

A merger is the process where two companies agree to combine their operations and assets to form a single entity, effectively uniting them into one company.

Question 11

What is known as the technique of discovering the optimal placement for an industry?&#10;A)industry analysis&#10;B)optimal analysis&#10;C)location analysis&#10;D)none of these

Accepted Answer

The answer of What is known as the technique of...

Question 12

Which of these is a non-geographical factor influencing an industry's location?&#10;A)raw material&#10;B)power&#10;C)transport&#10;D)capital

Accepted Answer

The answer of Which of these is a non-geographical factor...

Question 13

Industrial inertia is an example of&#10;A)geographical factor&#10;B)non-geographical factor&#10;C)natural factor&#10;D)none of these

Accepted Answer

The answer of Industrial inertia is an example of&#10;A)geographical factor&#10;B)non-geographical...

Question 14

Who developed central place theory?&#10;A)walter chris&#10;B)j s bain&#10;C)friedman&#10;D)robert lucas

Accepted Answer

The answer of Who developed central place theory?&#10;A)walter chris&#10;B)j s...

Question 15

Which city is known as &#34;Manchestor of India&#34;?&#10;A)ahmedabad&#10;B)mumbai&#10;C)gujarat&#10;D)delhi

Accepted Answer

The answer of Which city is known as &#34;Manchestor of...

Question 16

Which city is known as the &#34;Silicon Valley&#34; of India?&#10;A)bangalore&#10;B)delhi&#10;C)mumbai&#10;D)gujarat

Accepted Answer

The answer of Which city is known as the &#34;Silicon...

Question 17

In which year was New Economic Policy introduced in India?&#10;A)1991&#10;B)1981&#10;C)1971&#10;D)1998

Accepted Answer

The answer of In which year was New Economic Policy...

Question 18

Which was the first Iron and Steel plant in India&#10;A)tisco&#10;B)birla&#10;C)rorkela&#10;D)none of these

Accepted Answer

The answer of Which was the first Iron and Steel...

Question 19

Time taken for an industry to set up a plant and to make it operational is called&#10;A)gestation period&#10;B)production period&#10;C)shut down period&#10;D)none of these

Accepted Answer

The answer of Time taken for an industry to set...

Question 20

&#8230;&#8230;&#8230;&#8230;. Is the speed with which working capital completes its round&#10;A)operating cycle&#10;B)input cycle&#10;C)gestation period&#10;D)shut down period

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;. Is the speed with which working...

Question 21

Shares and ploughing back profits are example of&#10;A)ownership funds&#10;B)borrowed funds&#10;C)none of these&#10;D)both of these

Accepted Answer

The answer of Shares and ploughing back profits are example...

Question 22

&#8230;&#8230;&#8230;.. measures the ability of a company to remain in business&#10;A)liquidity ratio&#10;B)activity ratio&#10;C)leverage ratio&#10;D)profitability ratio

Accepted Answer

The answer of &#8230;&#8230;&#8230;.. measures the ability of a company...

Question 23

&#8230;&#8230;&#8230;. Is a strong indicator of quality of management?&#10;A)liquidity ratio&#10;B)activity ratio&#10;C)leverage ratio&#10;D)profitability ratio

Accepted Answer

The answer of &#8230;&#8230;&#8230;. Is a strong indicator of quality...

Question 24

Which ratio shows the ability of a company to pay back its debts?&#10;A)liquidity ratio&#10;B)activity ratio&#10;C)leverage ratio&#10;D)profitability ratio

Accepted Answer

The answer of Which ratio shows the ability of a...

Question 25

&#8230;&#8230;&#8230;&#8230;.. measures how well the company performs in generating the profits.&#10;A)liquidity ratio&#10;B)activity ratio&#10;C)leverage ratio&#10;D)profitability ratio

Accepted Answer

The answer of &#8230;&#8230;&#8230;&#8230;.. measures how well the company performs...

Deck 1: Industrial Economics: Concentration, Location, and Performance