Q:

ITF Davis Cup is structured with a ___ nation World Group.

A) 8	B) 16
C) 20	D) 24

Answer & Explanation Answer: B) 16

Explanation:

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

P: The philosophy of pragmatism goes something like this.
Q: It is not possible for the mind to relate to anything other than ideas.
R: The mind is such that it deals only with ideas.
S: Therefore, it is not correct to think that the mind actually can ponder reality.

A) RQSP	B) RSPQ
C) PRQS	D) SQRP

Answer & Explanation Answer: C) PRQS

Explanation:

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Q:

If Reserve Bank of India reduces the cash reserve ratio, it will :

A) increase credit creation	B) decrease credit creation
C) have no impact on credit creation	D) have no definite impact on credit creation

Answer & Explanation Answer: A) increase credit creation

Explanation:

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.

A) Zero percent	B) One percent
C) 0.5 percent	D) More than one percent

Answer & Explanation Answer: B) One percent

Explanation:

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Q:

Bilateral monopoly situation is

A) when there are only two sellers of a product	B) when there are only two buyers of a product
C) when there is only one buyer and one seller of a product	D) when there are two buyers and two sellers of a product

Answer & Explanation Answer: C) when there is only one buyer and one seller of a product

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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

Explanation:

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Q:

The number of neutrons present in a nitrogen atom is ___.

A) 14	B) 7
C) 11	D) 5

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