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Q:

Which of the following is an example of market failure?

A) Prices do not reflect the full social cost of production	B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy	D) Producer surplus is maximized

Answer & Explanation Answer: A) Prices do not reflect the full social cost of production

Explanation:

Prices do not reflect the full social cost of production is an example of Market failure.

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

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Filed Under: Marketing and Sales
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Q:

Which of the following is NOT a representative of a Buddhist Art?

A) Relic Towers	B) Vihara
C) Stupa	D) Chaitya

Answer & Explanation Answer: A) Relic Towers

Explanation:

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Filed Under: General Awareness
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Q:

Which of the following is NOT a Union Territory?

A) Daman and Diu	B) Puducherry
C) Shillong	D) Lakshadweep

Answer & Explanation Answer: C) Shillong

Explanation:

We know that The seven union territories of India are are:

Chandigarh.

Dadra and Nagar Haveli.

Daman and Diu.

Lakshadweep.

Puducherry.

Andaman and Nicobar Islands.

National Capital Territory of Delhi.

Hence, Shillong is not a Union Territory.

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Filed Under: Indian Geography
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Q:

Which of the following is NOT a Software?

A) Compiler	B) Adobe
C) Microsoft Office	D) Drivers

Answer & Explanation Answer: A) Compiler

Explanation:

A compiler is not a software.

Adobe, Microsoft office and Drivers are all software on a computer.

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Filed Under: Computer
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Q:

which of the following are chemical changes?

A) Cooking of Food

B) Digestion of Food

C) Freezing of water

D) Water is heated up

A) A & B	B) A, B & C
C) C & D	D) All the above

Answer & Explanation Answer: A) A & B

Explanation:

A) Cooking of Food ------ Chemical Change

B) Digestion of Food ----- Chemical Change

C) Freezing of water ----- Physical Change

D) Water is heated up ---- Physical Change

because here the chemical composition of the substance changes in A & B only.

Since we know that, If the chemical composition is changing then it is a chemical change and if the chemical composition is remaining the same, then it is a physical change.

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Filed Under: Chemistry
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Q:

In how many different ways can the letters of the word 'HAPPYHOLI' be arranged?

A) 89,972	B) 90,720
C) 72,000	D) 81,000

Answer & Explanation Answer: B) 90,720

Explanation:

The given word HAPPYHOLI has 9 letters

These 9 letters can e arranged in 9! ways.

But here in the given word letters H & P are repeated twice each

Therefore, Number of ways these 9 letters can be arranged is

$\frac{9!}{2! x 2!} = \frac{9 x 8 x 7 x 6 x 5 x 4 x 3}{2} = 90, 720 ways .$

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Filed Under: Permutations and Combinations
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Q:

Find the next number in the given number series?

0, 3, 8, 15, 24, ?

A) 35	B) 37
C) 34	D) 36

Answer & Explanation Answer: A) 35

Explanation:

Here the given number series is 0, 3, 8, 15, 24, ?

The next number in the given series can be found such a way that the number series follows a pattern,

$2^{2} - 4 = 0 3^{2} - 6 = 3 4^{2} - 8 = 8 5^{2} - 10 = 15 6^{2} - 12 = 24 7^{2} - 14 = 35 Hence, the next number in the iven series is 35 .$

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Filed Under: Odd Man Out
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Q:

The ratio of Pens and Pencils in a shop is 3 : 2 respectively. The average number of Pens and Pencils is 180. What is the number of Pencils in the shop?

A) 444	B) 344
C) 244	D) 144

Answer & Explanation Answer: D) 144

Explanation:

Given ratio of pens and pencils = 3 :2

Number of Pens = 3x

Number of Pencils = 2x

Average number of pencils & Pens = $\frac{3 x + 2 x}{2} =$ 180

5x = 360

=> x = 72

Hence, the number of pencils = 2x = 72 x 2 = 144.

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Filed Under: Ratios and Proportions
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