Questions

Q:

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

A) Total product B) Average product
C) Isoquant D) The Long Run
 
Answer & Explanation Answer: A) Total product

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Filed Under: Indian Economy
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Q:

The minimum price at which I was willing to sell my old TV was Rs 37,000. I quoted Rs 50,000 while selling it, but it sold for Rs 42,000. This transaction generated _____.

A) Rs 5000 worth of consumer surplus B) Rs 8000 worth of consumer surplus
C) Rs 5000 worth of producer surplus D) Rs 8000 worth of producer surplus
 
Answer & Explanation Answer: C) Rs 5000 worth of producer surplus

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Q:

An exculpatory clause is generally unenforceable when

A) it involves public transportation. B) it attempts to release a party from liability for ordinarily negligent behavior.
C) it is written clearly and in bold, large print. D) the affected activity is a recreational activity.
 
Answer & Explanation Answer: A) it involves public transportation.

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Q:

Who authored the book titled ‘Lincoln in the Bardo’, which won the Man Booker Prize 2017?

A) George Saunders B) Eliza Robertson
C) John Grisham D) Stephen Alter
 
Answer & Explanation Answer: A) George Saunders

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Filed Under: Books and Authors
Exam Prep: Bank Exams

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Q:

Which of the following will cause an increase in demand for a good?

A) an increase in income if the good is an inferior goods B) a decrease in the price of the goods
C) a decrease in income if the good is a normal goods D) an increase in the price of its substitute goods
 
Answer & Explanation Answer: D) an increase in the price of its substitute goods

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Filed Under: Indian Economy
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Q:

___ is used as a stabilizer in ice cream.

A) Gelatin B) Sugar
C) Milk D) Strawberry
 
Answer & Explanation Answer: A) Gelatin

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Filed Under: Chemistry
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Q:

___ soils are red in color and not suitable for agriculture found along the Tamil Nadu, Odisha and small part of Chhotanagpur and Meghalaya.

A) Alluvial soil B) Red soil
C) Laterite soil D) Regur soil
 
Answer & Explanation Answer: C) Laterite soil

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Filed Under: Indian Geography
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Q:

___ is not a tributary of the river Ganges.

A) Yamuna B) Gomti
C) Kosi D) Manas
 
Answer & Explanation Answer: D) Manas

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Filed Under: General Awareness
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