Questions

Q:

The demand for a normal good increases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: A) increase

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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:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient D) indicates that there is a direct relationship between quantity demanded and price
 
Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Q:

Which is the form of market where there is lack of competition?

A) Monopoly B) Oligopoly
C) Perfect competition D) Marketisation
 
Answer & Explanation Answer: A) Monopoly

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Q:

There are 15 protons and 22 neutrons in the nucleus of an element. What is its mass number?

A) 22 B) 7
C) 37 D) 15
 
Answer & Explanation Answer: C) 37

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Q:

In which coast was the World's largest Marine Protected Area (MPA) created in October 2016?

A) Ireland B) Italy
C) Antarctica D) Scotland
 
Answer & Explanation Answer: C) Antarctica

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Q:

Which male cricketer has been appointed as the UNICEF and Cricket for Good ambassador for the ICC Women's Cricket World Cup 2017?

A) Sachin Tendulkar B) Shane Warne
C) Clive Lloyd D) Brian Lara
 
Answer & Explanation Answer: D) Brian Lara

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Q:

3 men dig a hole in 10 days. How many days would it take for 5 men to dg the same hole?

A) 50/3 B) 7
C) 5 D) 6
 
Answer & Explanation Answer: D) 6

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