Opportunity cost - The next best alternative that must be given up when a choice is made.
Physical capital - Manufactured items used to produce goods and services.
Price - The money value of a unit of a good, service, or resource
Prices - The amounts that people pay for units of particular goods or services.
Private goods - A commodity that benefits the individual. An example is bread, which, if consumed by one person, cannot be consumed by another person. (See public goods.)
Producers - People who use resources to make goods and services (also called workers).
Production - The making of goods available for use; total output especially of a commodity or industry.
Productive resources - All natural resources (land), human resources (labor), and human-made resources (capital) used in the production of goods and services.
Productivity - The ratio of output (goods and services) produced per unit of input (productive resources) over some period of time.
Profit - The difference between total revenues and the full costs involved in producing or selling a good or service; it is a return for risk taking.
Property tax - Taxes paid by households and businesses on land and buildings.
Public goods - A commodity whose benefits are indivisibly spread among the entire community, whether or not particular individuals desire to consume the public good. For example, a public-health measure that eradicates smallpox protects all, not just those paying for the vaccinations. These goods are often provided by the government. To be contrasted with private goods.
Quantity demanded - The amount of a product consumers will purchase at a specific price.
Quota - A legal limit on the quantity of a particular product that can be imported or exported.
Quantity supplied - The amount of a product producers will produce and sell at a specific price.
Resources - All natural, human, and human-made aids to production of goods and services (also called productive resources).
Revenue - Payments received by businesses from selling goods and services.
Sales tax - Taxes paid on the goods and services people buy.
Save - Set aside earnings (income) for a future use.
Saving - Occurs when individuals, businesses, and the economy as a whole do not consume all of current income (or output).
Scarcity - The condition that results from the imbalance between relatively unlimited wants and the relatively limited resources available for satisfying those wants.
Services - Activities that can satisfy people's wants.
Shortage - The situation resulting when the quantity demanded exceeds the quantity supplied of a good or service, usually because the price is for some reason below the equilibrium price in the market.
Specialists - People who produce a narrower range of goods and services than they consume (also called specialized workers).
Specialization - The situation in which people produce a narrower range of goods and services than they consume.
Spend - Use earnings (income) to buy goods and services.
Standard of living - A minimum of necessities, comforts, or luxuries held essential to maintaining a person or group in customary or proper status or circumstances.
Standard of value - One of the functions of money whereby the value of goods and services is expressed in money terms (prices).
Stock - A certificate reflecting ownership of a corporation.
Store of value - One of the functions of money allowing people to save current purchasing power to buy goods and services in a future time period.
Substitutes - Products that can replace one another such as butter and margarine.
Supply - A schedule of how much producers are willing and able to sell at all possible prices during some time period.
Supply decrease - A decrease in the quantity supplied at every price; a shift to the left of the supply curve.
Supply increase - An increase in the quantity supplied at every price; a shift to the right of the supply curve.
Surplus - The situation resulting when the quantity supplied exceeds the quantity demanded of a good or service, usually because the price is for some reason below the equilibrium price in the market.
Tariff - A tax on an imported good.
Taxes - Required payments of money made to governments by households and business firms.
Total cost - Cost of resources used in producing a product multiplied by the quantity produced.
Total revenue - Selling price of a product multiplied by the quantity demanded.
Trade - See Exchange.
Trade agreement - An international agreement on conditions of trade in goods and services.
Trade-off - Giving up some of one thing to get some of another thing.
Traditional economy - A mode of economic organization which borrows economic decisions made at an earlier time or by an earlier generation
Unemployment - The situation in which people are willing and able to work at current wage rates, but do not have jobs.
Wages - The payment resource earners receive for their labor.
Work - Employment of people in jobs to make goods or services.
Workers - See Producers.
That depends on where you want you admit card to be delivered.If you stay in Delhi & NCR regions,then you have to apply stamp worth 12 bucks otherwise of 25 bucks.
If you don't that to be mailed,you can come personally to submit your application and take your admit card that day itself :)
Hope that helps..All the best :)
if we dn pay any postage etc..neither goin to delhi
cant we get it through net?I mean by downloading the admit card?
Hi
I filled up the form on MFC web site, it generated a PDF and sent me a link to it by e-mail.
When I opened it up , then I realized that my "Mailing Address " was BLANK.
So, I tried it again, but ended up getting the same result!!!
Now I have tried it by filling up the forms FOUR times and all the time I've got the same result.
What should I do now???
Can't these peoply test their applications before using them ???
WEBSITE BHI SARKARI HAIN!! LOL
Thanks
if we dn pay any postage etc..neither goin to delhi
cant we get it through net?I mean by downloading the admit card?
As far as what I know is this wasn't possible last year and I guess nothing has been mentioned too about that..Why take the risk of online admit card?
hello everyone..
earlier there used tobe two differeent exams for MBE and MFC .Now when this time there will be only 1 test what's gonna be the pattern?? any idea?
Hi
I filled up the form on MFC web site, it generated a PDF and sent me a link to it by e-mail.
When I opened it up , then I realized that my "Mailing Address " was BLANK.
So, I tried it again, but ended up getting the same result!!!
Now I have tried it by filling up the forms FOUR times and all the time I've got the same result.
What should I do now???
Can't these peoply test their applications before using them ???
WEBSITE BHI SARKARI HAIN!! LOL
Thanks
Check what browser you are using, otherwise the official phone number/ contact details are provided a few pages back, call them.
and about your thoughts lol at you man, IIMS and IITs were govt. planned/initiated, IISC, ISI, are govt. controlled organizations.
There is no perfect system anywhere. Try not to make a joke out of imperfections.
This isn't imperfection in anyway...This is pure example of how govt. organizations work like an "Overflowing toilets" in India.
This is sorry to say that these administrations in B-schools are poor in management themselves!!
This isn't imperfection in anyway...This is pure example of how govt. organizations work like an "Overflowing toilets" in India.
This is sorry to say that these administrations in B-schools are poor in management themselves!!
Why you are even here man? Why do you want to appear for this exam? This is a government subsidized course and people who do not respect the government, do not belong here,
They are not charging 10-12 lakhs yet they are giving placements worth 6-8 lakhs, doesn't that concludes everything.
Ever thought how this country functions with such a huge population pressure, India is one of the continuously inhabited civilizations, there lies the problem, we are doing a makeover over an old India.
Ever thought of Countries like Somalia, Fiji, etc., you would have got the real meaning of India had you born in those countries.
Some of the finest decisions were taken by RBI during recession times, If there were no govt. systems the corporate houses would be simply condensing wealth. Due to the govt. system it reaches the society.
Don't blame...take part in developing the system if you feel there are scopes.
Blame games are the theories of cowards.
Placements without education and anything else...if that's what you value then you are the one who's materialistic and no-one else is.
handsome_94 SaysPlacements without education and anything else...if that's what you value then you are the one who's materialistic and no-one else is.
Why you are even here man? Why do you want to appear for this exam? This is a government subsidized course and people who do not respect the government, do not belong here,
They are not charging 10-12 lakhs yet they are giving placements worth 6-8 lakhs, doesn't that concludes everything.
Ever thought how this country functions with such a huge population pressure, India is one of the continuously inhabited civilizations, there lies the problem, we are doing a makeover over an old India.
Ever thought of Countries like Somalia, Fiji, etc., you would have got the real meaning of India had you born in those countries.
Some of the finest decisions were taken by RBI during recession times, If there were no govt. systems the corporate houses would be simply condensing wealth. Due to the govt. system it reaches the society.
Don't blame...take part in developing the system if you feel there are scopes.
Blame games are the theories of cowards.
guys why u are fighting ....we have better things to worry bt....lets concentrate on our preparations.....
kuch material hai toh share kar do...interactive section ho jaega
hello everyone..
earlier there used tobe two differeent exams for MBE and MFC .Now when this time there will be only 1 test what's gonna be the pattern?? any idea?
Just go thru both the pprs, it shud be a combination of both
@Aspirants-if you crib about little things here,how would get the things done in future?Is this a trait of managers in making,that you play the blame game:|
I know placements are the major reason on why you join the course,but you have to study MBE first for two years.Isn't it?The profiles offered are distinct from what you get in through MBA.Besides that the entrance exam is not also a cakewalk and this time,you guys going to experience the change.I amn't scaring you guys but be responsible.Its your career,you are good enough to decide where to go.No B-school is that perfect,every insti has it plus and minus.
PS-its a request to you all,not to reply on this post and end this matter.
All the best 😃
hey m yet to send the form ..!!!
wat documents we need to attach ...
pls reply ASAP ...
@Aspirants-if you crib about little things here,how would get the things done in future?Is this a trait of managers in making,that you play the blame game:|
I know placements are the major reason on why you join the course,but you have to study MBE first for two years.Isn't it?The profiles offered are distinct from what you get in through MBA.Besides that the entrance exam is not also a cakewalk and this time,you guys going to experience the change.I amn't scaring you guys but be responsible.Its your career,you are good enough to decide where to go.No B-school is that perfect,every insti has it plus and minus.
PS-its a request to you all,not to reply on this post and end this matter.
All the best :)
hey shruti can u tel mw wat was d cut-off 4 last year 4 MBE exam?
met a MFC student today as i was dere 2 submit d form he tol me it was around 140 last year............ is it seriusly so high??????
@seniors,
Can you please let us know the number of candidates appeared/appearing for MBE exam last year and this year?
plz puys discuss the paper pattern and expected cutoffs
hey shruti
can u please recalll, what was the pattern of questions going to be asked given in the prospectus at your time.
coz i doubt they have mentioned the pattern very similiar to mba this year(quant and DI)is it excluding those 12th standard mathematics question(algebra,calculus etc).... is it that the questions are going to be more generalised form this year? what do you say.....
Hey puys....
I would like to change my center of exam... Is it possible ??
plz tell me about the procedure to do it !!
plz reply fast !! :lookround:
Thanks in advance !!
Hey puys....I would like to change my center of exam... Is it possible ??
plz tell me about the procedure to do it !!
plz reply fast !! :lookround:
Thanks in advance !!
I think thats not possible but try your luck and convince the authorities with a genuine reason.If you got your centre already,then I don't think thats' possible now.