Question 1
A product is likely to have a price elasticity of demand that exceeds 1 when.
Its price falls
It is a necessity
It has close substitutes
The percentage of income spent on it decreases
Question 2
Match the “Definition” in Colum-X to its appropriate “Ratio” in Column-Y.
1-E, 2-C, 3-B, 4-A
1-E, 2-C, 3-B, 4-D
1-B, 2-C, 3-E, 4-A
1-B, 2-C, 3-E, 4-D
Question 3
The strength of the five forces in the “Five Forces Model” helps determine ___________ within an industry that a competitor can expect.
Level of profit
Level of competitiveness
Level of mark share
Level of monopoly
17 more questions in this paper
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More on the BDM Quiz 1 5 Jun 2022 paper
The IIT Madras BS Business Data Management (BDM) Quiz 1 paper sat on 5 Jun 2022, in the May 2022 term: 20 questions for 20 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.
| Feature | BDM Quiz 1 5 Jun 2022 at a glance |
|---|---|
| Term | May 2022 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 20 |
| Marks | 20 |
| Duration | 120 min |
| MCQ | 4 |
| MSQ | 8 |
| Numerical | 8 |
| Official paper | IIT M DIPLOMA QUIZ1 EXAM QPE1 05 Jun 2022 IBA |
| Negative marking | No negative marking. |
| Updated |