Questions

Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2 B) 1.2
C) -1.5 D) 1.5
 
Answer & Explanation Answer: A) -1.2

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Q:

A pair of contrasting characters controlling the same trait is called

A) factors B) loci
C) allele D) lineage
 
Answer & Explanation Answer: C) allele

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Q:

The presence of air bubble in blood stream is dangerous to life because

A) Air combines with blood forming a complex B) The flow of blood increases manifold
C) The flow of blood is obstructed D) The pressure of blood increases manifold
 
Answer & Explanation Answer: C) The flow of blood is obstructed

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

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Q:

On which river is the city Madurai situated?

A) Cooum B) Kaveri
C) Vaigai D) Pennar
 
Answer & Explanation Answer: C) Vaigai

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Q:

Which of the below options is called a laughing gas?

A) N2O B) CO2
C) H2O D) SO2
 
Answer & Explanation Answer: A) N2O

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