Question 1
What distinguishes an inferior good regarding its relationship with income?
Demand increases with rising income
Demand decreases as income increases
Its demand curve remains unaffected by income changes
It has no substitutes in the market
Question 2
A manufacturer finds that over the past year, there has been a shift in consumer preference within the two-wheeler market: the demand for scooters has decreased by 10%, whereas the demand for motorcycles, especially higher-capacity models, has increased by 15%. Given this trend, how should the manufacturer adjust its product portfolio?
Increase production of scooters to clear out existing inventories.
Shift manufacturing focus towards higher-capacity motorcycles to meet rising demand.
Keep the production rates the same, expecting the market to stabilize.
Focus exclusively on high-capacity motorcycles and cease scooter production.
Question 3
If a pivot table analysis reveals that a lender’s portfolio has shifted from predominantly commercial loans to a more diversified portfolio including significant amounts of retail and microfinance loans over the years, what might this indicate about the lender’s strategic shift?
Diversification to mitigate risk
Shifting market demand
Regulatory Changes Influencing Lending Practices
Not enough data is given in the situation to determine
20 more questions in this paper
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More on the BDM End Term 28 Apr 2024 paper
The IIT Madras BS Business Data Management (BDM) End Term paper sat on 28 Apr 2024, in the January 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 28 Apr 2024 at a glance |
|---|---|
| Term | January 2024 term |
| Subject | Business Data Management |
| Course code | BSMS2001 |
| Questions | 23 |
| Marks | 30 |
| Duration | 180 min |
| MCQ | 19 |
| MSQ | 3 |
| Numerical | 1 |
| Official paper | IIT M FOUNDATION DIPLOMA AN EXAM QDF3 28 Apr 2024 |
| Negative marking | No negative marking. |
| Updated |