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Business Data Management Quiz 1: 16 July 2023 (May 2023 term)

Question 1

+2 marksOne correct option

Match the following:

  1. A

    i-b, ii-d, iii-a

  2. B

    i-d, ii-c, iii-b

  3. C

    i-b, ii-a, iii-d

  4. D

    i-c, ii-a, iii-d

  5. E

    i-b, ii-a, iii-c

  6. F

    i-c, ii-d, iii-a

Question 2

+2 marksOne correct option

Theoretically, a customer will keep buying an item as long as ______ of the item is ______ the per unit price of the item.

  1. A

    total utility; lesser than

  2. B

    variable cost; greater than

  3. C

    marginal utility; greater than

  4. D

    variable cost; lesser than

  5. E

    marginal utility; lesser than

Question 3

+1 markOne correct option

Which of the following is the single best differentiator between luxury and normal goods?

  1. A

    Supply

  2. B

    Demand

  3. C

    Production costs

  4. D

    Capital expense

  5. E

    Price elasticity of demand

7 more questions in this paper

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More on the BDM Quiz 1 16 Jul 2023 paper

The IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 16 Jul 2023, in the May 2023 term: 10 questions for 16 marks in 120 minutes. The first 3 questions are below. Sign in with Google — it is free — to see the whole paper with its answers and explanations, in learning mode or as a timed mock test.

FeatureBDM Quiz 1 16 Jul 2023 at a glance
TermMay 2023 term
SubjectBusiness Data Management
Course codeBSMS2001
Questions10
Marks16
Duration120 min
MCQ10
Official paperIIT M DIPLOMA AN2 EXAM QPD2 16 JULY 2023
Negative markingNo negative marking.
Updated

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