Q:

In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was

A) 7.50%	B) 4.50%
C) 4%	D) 0.25%

Answer & Explanation Answer: B) 4.50%

Explanation:

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24	B) 18
C) 36	D) 60

Answer & Explanation Answer: C) 36

Explanation:

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

Explanation:

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension	B) Investment Expenditure
C) Value added	D) Consumption Expenditure

Answer & Explanation Answer: A) Pension

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

Buying and Selling products are examples of

A) investing activities.	B) operating activities.
C) delivering activities.	D) financing activities.

Answer & Explanation Answer: B) operating activities.

Explanation:

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Q:

The pH value increase from 7 to 14 represents a

A) decrease in H+ ion concentration	B) decrease in OH- ion concentration
C) increase in OH- ion concentration	D) increase in H+ ion concentration

Answer & Explanation Answer: C) increase in OH- ion concentration

Explanation:

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the buttoncorresponding to it. If the sentence is free from error, click the "No error" option.

He flowed into a rage (A)/ at the very (B)/ sight of that man (C)/ No error (D)

A) A	B) B
C) C	D) D

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