Questions

Q:

Which of the following is an example of market failure?

A) Prices do not reflect the full social cost of production B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy D) Producer surplus is maximized
 
Answer & Explanation Answer: A) Prices do not reflect the full social cost of production

Explanation:

Prices do not reflect the full social cost of production is an example of Market failure.

 

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

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Filed Under: Marketing and Sales
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Q:

A circuit breaker is a

A) Switch B) Resistor
C) Fuse D) Resettable protective device
 
Answer & Explanation Answer: D) Resettable protective device

Explanation:

A circuit breaker is an automatically operated electrical switch designed to protect an electrical circuit from damage caused by excess current from an overload.

 

circuit_breaker_is_a1600689504.jpg image

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Filed Under: Physics
Exam Prep: Bank Exams

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Q:

Which of these established the rights of citizens?

A) Magna Carta B) The Bill of Rights
C) The Habeas Corpus Act D) None of the above
 
Answer & Explanation Answer: B) The Bill of Rights

Explanation:

The Bill of Rights established the rights of citizens. It is also called as Declaration of rights or Charter of rights. It is a list of most important rights to the citizens of a country.

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Filed Under: Indian Politics
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Q:

Which systems comprise the nervous system?

A) Central nervous system B) Peripheral nervous system
C) Both A & B D) None of the above
 
Answer & Explanation Answer: C) Both A & B

Explanation:

The nervous system of the human brain consists of the central nervous system which has brain and the spinal cord and the peripheral nervous system which has perpheral, cranary, spinal nerves.

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Filed Under: Biology
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Q:

Missing letters puzzle

Answer

Answer:  T


Explanation:   In each row, add together the numerical values of the pairs of letters to the left and right, then calculate their difference, putting the letter with this numerical value in the centre space.

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Q:

Which state government to install 221-Metre Bronze Statue Of lordRam In Ayodhya?

A) Uttar Pradesh B) Gujarat
C) Uttarakhand D) Himachal Pradesh
 
Answer & Explanation Answer: A) Uttar Pradesh

Explanation:

Uttar Pradesh state government to install 221-Metre Bronze Statue Of lordRam In Ayodhya.

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Filed Under: Indian Geography
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Q:

Tarsands containing large molecular hydrocarbons like crude oil are found in limited quantities in several parts of the world but the most important known occurrence is in:

 

A) U.S.A B) Canada
C) Australia D) Russia
 
Answer & Explanation Answer: B) Canada

Explanation:
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Filed Under: World Geography

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Q:

How many quarters in a football game?

A) 2 B) 3
C) 4 D) 6
 
Answer & Explanation Answer: C) 4

Explanation:

Foot ball game lasts for 60 minutes in total. It is divided into 4 quarters of 15 minutes each and two halves of 30 minutes each.

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Filed Under: Sports
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