Questions

Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

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

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Filed Under: Indian Economy
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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance B) Mutual Fund Offering
C) Wealth Management D) Recurring Deposit Scheme
 
Answer & Explanation Answer: C) Wealth Management

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Q:

When electricity is passed through an aqueous solution of Sodium Chloride (brine), it decomposes to form.

 

A) NaOH + H2 + Cl2 B) NaOH + H2 + O2
C) NaOH + HCl + H2 D) NaOH + H2 + N2
 
Answer & Explanation Answer: A) NaOH + H2 + Cl2

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Filed Under: Chemistry
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Q:

Sambalpur is located in 

A) Odisha B) Uttarachand
C) Bihar D) West Bengal
 
Answer & Explanation Answer: A) Odisha

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Filed Under: Indian Geography
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Q:

Who was appointed as the Managing Director of International Monetary Fund for 5 years starting July 5, 2016?

A) Strauss-khan B) Christine Lagarde
C) Jim Yong Kim D) Rodrigo de Rato
 
Answer & Explanation Answer: B) Christine Lagarde

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Filed Under: Famous Personalities
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