Questions

Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000 B) 10000
C) 15000 D) 12000
 
Answer & Explanation Answer: A) 20000

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Q:

The political system in Afghanistan is known as

A) Islamic State of Afghanistan B) Islamic Republic of Afghanistan
C) Islamic Emirate of Afghanistan D) Islamic Government of Afghanistan
 
Answer & Explanation Answer: C) Islamic Emirate of Afghanistan

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Q:

Provincial Autonomy was provided by

A) The Government of India Act 1935 B) The Montague-Chelmsford Report
C) The Government of India Act 1919 D) The Indian Independence Act 1947
 
Answer & Explanation Answer: A) The Government of India Act 1935

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Q:

Which one of the following statements is not correct?

A) India joined MTCR in 2016. B) India submitted a formal application for membership of the NSG in 2016.
C) India proposed the Comprehensive Convention on International Terrorism in 1996. D) The Common wealth Heads of Government Meeting (CHOGM) was held in 2016 at Malta.
 
Answer & Explanation Answer: D) The Common wealth Heads of Government Meeting (CHOGM) was held in 2016 at Malta.

Explanation:

The Commonwealth Heads of Government Meeting is held every 2 years. It is the association’s ultimate policy and decision-making forum. The November 2015 Meeting, to be held in Malta, had the theme of ‘Commonwealth –Adding Global Value’.

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Q:

In the following question, a word has been written in four different ways out of which only one is correctly spelt. Select the correctly spelt word.

 

A) Promounciation B)  Prononciation
C)  Pronunciation D) Pronuncieation
 
Answer & Explanation Answer: B)  Prononciation

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Q:

The international trade effect states that

A) an increase in the price level will lower net exports. B) an increase in the price level will raise exports.
C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports
 
Answer & Explanation Answer: A) an increase in the price level will lower net exports.

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Q:

Which of the following is a feature of aerobic metabolism?

A) energy is produced more slowly than in anaerobic metabolism B) energy is observed more slowly than in anaerobic metabolism
C) energy is produced more fastly than in anaerobic metabolism D) energy is observed more fastly than in anaerobic metabolism
 
Answer & Explanation Answer: A) energy is produced more slowly than in anaerobic metabolism

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