Questions

Q:

The average variable cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Filed Under: Indian Economy
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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

If demand curve for racing cycles is D = 80200 ­ 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units B) 31220 units
C) 8750 units D) 41720 units
 
Answer & Explanation Answer: D) 41720 units

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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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:

RBCs are formed in the ____________ in the adults.

A) blue bone marrow B) red bone marrow
C) white bone marrow D) black bone marrow
 
Answer & Explanation Answer: B) red bone marrow

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Filed Under: Biology
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Q:

Which Indian PSU has launched the country's first 100 Octane petrol?

A) HPCL B) IOC
C) ONGC D) GAIL
 
Answer & Explanation Answer: B) IOC

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Filed Under: General Awareness
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Q:

The World Trade Organisation, which replaced GATT, has its Head Quarters in

A) Vienna B) Brussels
C) New York D) Geneva
 
Answer & Explanation Answer: D) Geneva

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Filed Under: World Organisations
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