Questions

Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

Which of the following vitamins help in the absorption of calcium?

A) Vitamin A B) Vitamin D
C) Vitamin B D) Vitamin C
 
Answer & Explanation Answer: B) Vitamin D

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Q:

Pick the odd one out from the following:

A) NaOH B) Cu(OH)2
C) NH4OH D) Zn(OH)2
 
Answer & Explanation Answer: A) NaOH

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Q:

As per the data released by the Income­Tax Department in December 2017, how much percent of total population paid income tax in the assessment year 2015­16?

A) 1.7 B) 5.7
C) 9.7 D) 11.7
 
Answer & Explanation Answer: A) 1.7

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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Q:

Contraction of heart is also known as

A) Systole B) Aristotle
C) Diastole D) Lub
 
Answer & Explanation Answer: A) Systole

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Q:

The pressure inside the cabin of the aircraft flying at an altitude is

A) The same as that outside B) Less than that outside
C) More than that outside D) Normal atmospheric pressure at sea level
 
Answer & Explanation Answer: C) More than that outside

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Q:

A source maintains a current I in a resistor of resistor of resistance R. If V is the potential difference across the resistor. The electrical energy dissipated in the resistor in time is given _____

 

A) VI2t B) V2It
C) IR2t D) VIt
 
Answer & Explanation Answer: D) VIt

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