Questions

Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity?

A) 100 B) 62.5
C) 167 D) 250
 
Answer & Explanation Answer: D) 250

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Q:

Silk worms feed on

A) Basil leaves B) Curry leaves
C) Rose leaves D) Mulberry leaves
 
Answer & Explanation Answer: D) Mulberry leaves

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Q:

Green House Effect' means

A) Pollution in houses in tropical region B) Prevention of ultra­violet radiation by the ozone layer
C) Trapping of solar energy due to atmospheric gases D) Damage to green painted buildings
 
Answer & Explanation Answer: C) Trapping of solar energy due to atmospheric gases

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Q:

According to the distance of planets from the Sun, which of the following order is correct?

A) Mercury, Venus, Earth, Mars B) Mercury, Earth, Mars, Venus
C) Mercury, Mars, Earth, Venus D) Mercury, Mars, Venus, Earth
 
Answer & Explanation Answer: A) Mercury, Venus, Earth, Mars

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Q:

Which among the following is NOT an event during the photosynthesis process?

A) Absorption of light energy by chlorophyll B) Conversion of light energy to chemical energy
C) Splitting of water molecules into hydrogen and oxygen D) Oxidation of carbon dioxide to carbohydrates
 
Answer & Explanation Answer: D) Oxidation of carbon dioxide to carbohydrates

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Q:

June 21 marks the winter solstice in the _________ Hemisphere.

A) Northern B) Eastern
C) Western D) Southern
 
Answer & Explanation Answer: D) Southern

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Q:

In which market form, a market or an industry is dominated by a single seller?

A) Oligopoly B) Monopoly
C) Duopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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