Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores	B) Rs 43.5 crores
C) Rs 76.5 crores	D) Rs 78.5 crores

Answer & Explanation Answer: D) Rs 78.5 crores

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Filed Under: Indian Economy
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Q:

In perfect competition _____.

A) Products can be similar or different	B) Producer can control price by controlling production
C) Demand curve is perfectly elastic	D) All firms make economic profit in the long run

Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

The account receivable turnover measures

A) How often, on average receivables are received and collected during the period	B) How long it takes to sell accounts receivable to a factor
C) The relation of cash sales to credit sales	D) How long it takes to sell merchandise inventory

Answer & Explanation Answer: A) How often, on average receivables are received and collected during the period

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Q:

Backward bending supply curve belongs to which market?

A) Capital	B) Labour
C) Money	D) Inventories

Answer & Explanation Answer: C) Money

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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax	B) Anti dumping duty
C) Perquisite tax	D) Toll tax

Answer & Explanation Answer: A) Agricultural income tax

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Q:

How many atoms will one mole of Carbon (C-12) contain?

A) 6.02 x 1023	B) 8.06 x 1020
C) 6.02 x 1026	D) 60.20 x 1026

Answer & Explanation Answer: A) 6.02 x 1023

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Filed Under: Chemistry
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Q:

In which language was 'Baburama', the Memoirs of Babur, composed?

A) Pashto	B) Kurdish
C) Urdu	D) Turkish

Answer & Explanation Answer: D) Turkish

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Filed Under: Indian History
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Q:

In 2015, the United Nations Climate Change Conference was held at -

A) Paris	B) Doha
C) Montreal	D) Copenhagen

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