Questions

Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Q:

What is the atomicity of Phosphorous?

A) Di-atomic B) Poly-atomic
C) Tetra-atomic D) Mono-atomic
 
Answer & Explanation Answer: C) Tetra-atomic

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Q:

Common salt (NaCl) is made up of

A) a weak acid and a weak base B) a strong acid and a weak base
C) a weak acid and a strong base D) a strong acid and a strong base
 
Answer & Explanation Answer: D) a strong acid and a strong base

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Q:

The essential organs in a flower for reproduction are

A) the stamen and pistil B) the sepal and stamen
C) the sepal and petal D) the petal and pistil
 
Answer & Explanation Answer: A) the stamen and pistil

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Q:

The _________ of a firm is a relationship between inputs used and output produced by the firm.

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: B) Production function

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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:

For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity?

A) 100 B) 62.5
C) 167 D) 250
 
Answer & Explanation Answer: D) 250

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Q:

32% of a number exceeds 17% of the same number by 120. What is the value of the number?

A) 900 B) 860
C) 940 D) 800
 
Answer & Explanation Answer: D) 800

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