Question 1
In the economic flow, what role do households typically play?
Suppliers of capital
Producers of goods
Consumers of goods and services
Regulators of the economy
Question 2
What are the roles that the Government plays in the economic circular flow model?
Producer and Consumer
Moderator and Participant
Both Producer and Consumer & Moderator and Participant
None of these
Question 3
What kind of goods’ demand decreases as income increases?
Superior Good
Inferior Good
Luxury Good
Supply Good
20 more questions in this paper
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More on the BDM End Term 1 Sept 2024 paper
The IIT Madras BS Business Data Management (BDM) End Term paper sat on 1 Sept 2024, in the May 2024 term: 23 questions for 30 marks in 180 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 End Term 1 Sept 2024 at a glance |
|---|---|
| Term | May 2024 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 23 |
| Marks | 30 |
| Duration | 180 min |
| MCQ | 22 |
| Numerical | 1 |
| Official paper | IIT M FOUNDATION DIPLOMA FN EXAM QDF1 01 Sep 2024 |
| Negative marking | No negative marking. |
| Updated |