Questions

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:

Sambalpur is located in 

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

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Q:

In a certain code language, 'x' represents '+', '÷' represents 'x', '-' represents '÷' and '+' represents '-'. Find out the answer to the following question.

20 + 16 x 6 ÷ 10 - 4 = ?

A) 13 B) 12
C) 30 D) 19
 
Answer & Explanation Answer: D) 19

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Q:

Who constructed the Hawa Mahal?

A) Maharaja Bhagvat Singh B) Maharaja Jagatjit Singh
C) Maharaja Sawai Pratap Singh D) Maharajah Jaswanth Singh
 
Answer & Explanation Answer: C) Maharaja Sawai Pratap Singh

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Q:

Who was appointed as the head of the Jury of the International Film Festival of India in November 2015?

A) Anil Kapoor B) Shekhar Kapoor
C) Anupam Kher D) Naseeruddin Shah
 
Answer & Explanation Answer: B) Shekhar Kapoor

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Q:

Which of the following gulf countries has announced to form new economic and partnership group named 'Joint Cooperation Committee' inDecember 2017?

A) UAE and Saudi Arabia B) Qatar and UAE
C) Bahrain and Kuwait D) Oman and Saudi Arabia
 
Answer & Explanation Answer: A) UAE and Saudi Arabia

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Q:

In which of the following market forms, a firm does not exercise control over price?

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

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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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