Questions

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 the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.
If it would (1)/ rain, they will (2)/not come. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: A) 1

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Filed Under: English
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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Q:

Who along with Bhagat Singh was the main accused in Assembly Bomb Case?

A) Batukeshwar Dutt B) Sukhdev Thapar
C) Asaf Ali D) Ram Prasad Bismil
 
Answer & Explanation Answer: A) Batukeshwar Dutt

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Filed Under: Indian History
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Q:

Pakistan is located in which part of Asia?

A) Southern Asia B) Northern Asia
C) Eastern Asia D) No option is correct
 
Answer & Explanation Answer: A) Southern Asia

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Filed Under: World Geography
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Q:

Upon winning Wimbledon Women's Tennis Tournament 2016, Serena Williams equalled record 22 Grand Slam wins of

 

A) Martina Navratilova B) Steffi Graf
C) Martina Hingis D) Maria Sharapova
 
Answer & Explanation Answer: B) Steffi Graf

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Filed Under: Sports
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