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Q:

If one more cobbler is hired the output of a shoe making unit will increase from 50 pairs of shoes to 55 pairs per day, but then the shoe making unit will have to reduce the price of a pair of shoes from Rs 3200 to Rs 3000 per pair to sell the additional output, the marginal revenue product of the last cobbler is

A) Rs 1000 B) Rs 5000
C) Rs 4000 D) Rs 200
 
Answer & Explanation Answer: B) Rs 5000

Explanation:
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Filed Under: Simplification
Exam Prep: AIEEE , Bank Exams , CAT

Q:

 Government has announced to fix MSP at a level of at least ________________ per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19. 

A) 50 per cent  B) 250 per cent 
C) 200 per cent  D) 100 per cent 
 
Answer & Explanation Answer:

Explanation:

Government has announced its historic decision on 04.07.2018 to fix MSP at a level of at least 150 per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.The MSPs fixed by Government, cost and returns over all-India weighted average cost of production of crops for 2017-18 and 2018-19 is at Annexure.Cost of production varies in different states on account of difference in levels of irrigation, resource endowment, farm mechanization, land holding size, yield of crops etc. 

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

Q:

Find two numbers whose sum is 29 and the product is 100.

A) 20, 5 B) 20, 9
C) 25, 4 D) 10, 10
 
Answer & Explanation Answer: C) 25, 4

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Filed Under: Numbers
Exam Prep: AIEEE , Bank Exams , CAT

Q:

The demand of a commodity is a direct demand but the demand of a factor of production is called a

A) Crossed demand B) Joint demand
C) Derived demand D) Independent demand
 
Answer & Explanation Answer: C) Derived demand

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Filed Under: Indian Economy
Exam Prep: Bank Exams

Q:

Mathura Refinery, the ............ refinery of Indian Oil was commissioned in 1982 with a capacity of 6.0 MMTPA to meet the demand of petroleum products in north western region of India.

A) 7th B) 5th
C) 6th D) 8th
 
Answer & Explanation Answer: C) 6th

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Filed Under: General Awareness
Exam Prep: CAT , Bank Exams , AIEEE

Q:

The minimum value of LCM of given numbers is ........... the product of all the given numbers.

A) always greater than B) always less than
C) always equal to D) None
 
Answer & Explanation Answer: D) None

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Filed Under: HCF and LCM
Exam Prep: Bank Exams

Q:

In the question given below, a statement is given followed by three courses of action. A course of action is taken for improvement, follow up, etc. Read the statement carefully and give your answer accordingly.

Statement: The appearance of China-made globes that show Jammu and Kashmir not a part of India has alarmed the Indian diaspora in Canada.

Courses of Actions:

I. The Indian diaspora should lodge a complaint against the manufacturers for giving out inaccurate information.

II. The Chinese government should issue an official apology to the Indians.

III. The Canadian people should altogether stop buying Chinese made products.

A) Only course of action I follows B) Only course of action II follows
C) Both I and II follow D) Both II and III follow
 
Answer & Explanation Answer: A) Only course of action I follows

Explanation:

Only course of action I follows. The Indians, or as a matter of fact anyone else, can lodge a complaint against the manufacturers for the inaccurate information. Courses of action II and III do not follow as both of them are rather extreme steps. It does not make sense for the Chinese government to issue an apology for a mistake committed by a Chinese manufacturer. Similarly, expecting the Canadian people to stop buying Chinese products simply because one manufacturer from China gave out incorrect information is not a feasible course of action.

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Filed Under: Statement and Courses of Action

Q:

The total production of Rice, Wheat, sugar and Tea (In Kgs) is 500000 Kgs. The production of Rice in the country is

A) 175000 Kg B) 395000 kg
C) 275000 Kg D) 27500 Kg
 
Answer & Explanation Answer: C) 275000 Kg

Explanation:
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Filed Under: Quantitative Aptitude - Arithmetic Ability