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Q:

Goods which are consumed together are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: C) Complementary goods

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Filed Under: Indian Economy
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Q:

Shimla is the capital of which Indian State?

A) Chattisgarh B) Goa
C) Himachal Pradesh D) Jharkhand
 
Answer & Explanation Answer: C) Himachal Pradesh

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Filed Under: Indian Geography
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Q:

Which city is located on the banks of the river Alaknanda?

A) Badrinath B) Ayodhya
C) Allahabad D) Lucknow
 
Answer & Explanation Answer: A) Badrinath

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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

The market structure called monopoly exists where there is exactly ______ seller in any market.

A) One B) Two
C) Five D) Ten
 
Answer & Explanation Answer: A) One

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Q:

The chemical formula of Propane is

A) C3H8 B) C4H10
C) C2H6 D) CH4
 
Answer & Explanation Answer: A) C3H8

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Filed Under: Chemistry
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Q:

Anaerobic respiration refers to which of the following?

A) Respiration without Oxygen B) Respiration with Oxygen
C) Respiration without CO2 D) Respiration with CO2
 
Answer & Explanation Answer: A) Respiration without Oxygen

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Filed Under: Biology
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Q:

Which of the following is NOT included in the excretory system of human being?

A) A pair of kidney B) A pair of ureters
C) Abdomen D) Urinary bladder
 
Answer & Explanation Answer: C) Abdomen

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Filed Under: Biology
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