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BDM · Economy, demand & expenditure data

13 questions · 13 marks · 5 papers

Answer key

Indian Institute of Technology Madras

BS Degree Programme · Examination & Study Paper

Business Data Management

Economy, demand & expenditure data

Official Paper

Examination Instructions & Guidelines

Solve on notebook/paper first before checking solutions.
MCQ: Exactly 1 option is correct. Negative marking applies.
MSQ: One or more options correct. Select all to score.
NAT: Numerical response. No negative marking.
Scientific calculator allowed for all calculations.
Official answer key is sealed at the end of this sheet.

End Term · 31 Aug 2025 (FN)End Term

Q1MCQ1 Mark·Choose one option
Asked 2 times Key ↓
In the context of economic circular flow, what do firms primarily provide to the factor market?
1. AGoods and services
2. BWages and rent
3. CRaw materials
4. DCapital investment
Q2MCQ1 Mark·Choose one option
Asked 2 times Key ↓
Which of the following is a non-government source of economic data in India?
1. ANational Sample Survey (NSS)
2. BEconomic Census
3. CCentre for Monitoring Indian Economy (CMIE)
4. DAnnual Survey of Industries (ASI)
Q3MCQ1 Mark·Choose one option
Asked 2 times Key ↓
What does a bimodal distribution in consumer spending data typically indicate?
1. AUniform spending across all consumers
2. BTwo distinct consumer groups with different spending patterns
3. CRandom spending behavior
4. DDeclining consumer confidence

End Term · 31 Aug 2025 (AN)End Term

Q4MCQ1 Mark·Choose one option
Key ↓
What happens to the demand curve when consumer income increases for a normal good?
1. AShifts to the left
2. BShifts to the right
3. CRemains unchanged
4. DBecomes steeper

Quiz 2 · 3 Aug 2025 (AN)Quiz 2

Q5MCQ1 Mark·Choose one option
Key ↓
What are the roles that the Government plays in the economic circular flow model?
1. AProducer and Consumer
2. BModerator and Participant
3. CBoth Producer and Consumer & Moderator and Participant
4. DNone of these
Q6NAT1 Mark·Write the number
Asked 2 times Key ↓
Determine the percentage change in total revenue when income increases from Rs 15000 to Rs 25000. (upto 3 decimals, hint : if your ans is 98% then enter 0.98 as your answer). Income level 1 1) Income = Rs 15,000 2) Qty demanded = 60 units 3) Price per qty = Rs 40 Income level 2 1) Income = Rs 25,000 2) Qty demanded = 90 units 3) Price per qty = Rs 38
Your answer:

End Term · 13 Apr 2025 (FN)End Term

Q7MCQ1 Mark·Choose one option
Key ↓
What does the law of demand state?
1. AAs the price of a good increases, the quantity demanded decreases
2. BAs the price of a good decreases, the quantity demanded decreases
3. CAs the price of a good increases, the quantity supplied decreases
4. DAs the price of a good decreases, the quantity supplied increases
Q8MSQ1 Mark·Choose all correct options
Key ↓
Which of the following conditions can use the concept of "weighted average" to analyse expenditure data?
1. ABy considering importance of expenditure categories
2. BBy considering the population size of different regions
3. CBy adjusting for inflation over time
4. DBy analyzing the impact of income levels on expenditure
Read the passage below, then answer Q9–Q10
Based on the sample data given answer the subquestions.
Q9MCQ1 Mark·Choose one option
Asked 2 times Key ↓
Determine the percentage change in total revenue when income increases from Rs 15000 to Rs 25000.
1. A41.2%
2. B42%
3. C42.5%
4. D41.8%
Q10MCQ1 Mark·Choose one option
Key ↓
What is the type of goods based on the given table?
1. ANormal Goods
2. BInferior Goods
3. CLuxury Goods
4. DNone of these

End Term · 22 Dec 2024 (AN)End Term

Q11MCQ1 Mark·Choose one option
Asked 2 times Key ↓
In the context of economic flow, what do firms provide to households in exchange for labour?
1. AServices
2. BCapital
3. CWages
4. DGoods
Q12MCQ1 Mark·Choose one option
Asked 2 times Key ↓
Which of the following is NOT a government source of economic data mentioned in the segment?
1. AEconomic Census
2. BPeriodic Labour Force Survey (PLFS)
3. CPurchasing Managers' Index (PMI)
4. DNational Sample Survey
Q13MCQ1 Mark·Choose one option
Asked 2 times Key ↓
What implication does a bimodal distribution in household transportation expenditure data point to?
1. AMost households spend a similar amount on transportation
2. BThere are two distinct groups of households based on transportation spending
3. CTransportation expenditure is evenly distributed across all households
4. DThere is a negative correlation between income and transportation spending

Official Key

Master Answer Key & Explanations

Official answer keys from IIT Madras BS past papers. Click any question to review.

Reveal Key

Q1B

Q2C

Q3B

Q4B

Q5C

Q60.425

Q7A

Q8A, B

Q9C

Q10A

Q11C

Q12C

Q13B

Questions and answer keys are reproduced from the official IIT Madras BS papers. Topics and repeated question types are BTechi’s own grouping. BTechi is not affiliated with IIT Madras.