Q:

Which Indian author in May 2016 won the prestigious 2016 Scholastic Asian Book Award for her work 'Codex : The Lost Treasure of the Indus' ?

A) Anita Desai	B) Aditi Krishna Kumar
C) Rupa Iyer	D) Preethi Nair

Answer & Explanation Answer: B) Aditi Krishna Kumar

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Q:

Pancreatic juice require which medium for their action?

A) Acidic	B) Basic
C) Neutral	D) All option are correct

Answer & Explanation Answer: B) Basic

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1	B) 1
C) -1.25	D) 1.25

Answer & Explanation Answer: A) -1

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Q:

What is the full form of PVC?

A) Phosphonil vinyl Carbonate	B) Polyvinyl S Carbonate
C) Polyvinyl Carbonate	D) Polyvinyl Chloride

Answer & Explanation Answer: D) Polyvinyl Chloride

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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:

Which of the following is a tertiary activity?

A) Farming	B) Manufacturing
C) Dairying	D) Trading

Answer & Explanation Answer: D) Trading

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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:

All of the following are true about ecosystems except

A) they represent the lowest level of biological organization that is known	B) there is a transfer of energy through the system and it is lost
C) the ultimate source of energy is the sun for nearly all known ecosystems	D) they contain both living and nonliving components

Answer & Explanation Answer: A) they represent the lowest level of biological organization that is known

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