Questions

Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Q:

If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?

A) Rs 52500 B) Rs 127500
C) Rs 180000 D) Rs 60000
 
Answer & Explanation Answer: A) Rs 52500

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Q:

The number of valence electrons in an atom of Phosphorous is

A) 4 B) 3
C) 2 D) 5
 
Answer & Explanation Answer: D) 5

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Q:

Who is the author of the Indian English Novel 'Sita : Warrior of Mithila' published in

A) Amish Tripathi B) Rahul Mehta
C) Chetan Bhagat D) Robin Sharma
 
Answer & Explanation Answer: A) Amish Tripathi

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Q:

Who is the author of "Everyone Has A Story"?

A) Durjoy Datta B) Savi Sharma
C) Ajay K Pandey D) Preeti Shenoy
 
Answer & Explanation Answer: B) Savi Sharma

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Q:

Who is the author of the book titled "Walking With The Comrades"?

A) Shashi Tharoor B) Arundhati Roy
C) Ramchandra Guha D) Anuradha Roy
 
Answer & Explanation Answer: B) Arundhati Roy

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Q:

Paul Revere was a patriot in the American Revolution against the British. Name the city where he lived and died. The Paul Revere House is still located in this city.

 

 

A) Chicago B) Boston
C) Pennsylvania D) Florida
 
Answer & Explanation Answer: B) Boston

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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

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