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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Filed Under: Indian Economy
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Q:

Which of the following represents the CORRECT scheme of sub-groups at various levels in classification?

A) Kingdom → Phylum → Class → order → Family → Genus → Species B) Kingdom → Order → Class → Family → Genus → Species → Phylum
C) Kingdom → Phylum → Order → Genus → Species → Class → Family D) Phylum → Kingdom → Class → Order → Genus → Family → Species
 
Answer & Explanation Answer: A) Kingdom → Phylum → Class → order → Family → Genus → Species

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Filed Under: Biology
Exam Prep: Bank Exams

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Q:

A girl child has which of the following combinations of chromosomes in her cells?

A) 44 autosomes + XX B) 22 autosomes + XX
C) 44 autosomes + XY D) 22 autosomes + XY
 
Answer & Explanation Answer: A) 44 autosomes + XX

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Filed Under: Biology
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Q:

___ is known as a disease mostly caused by occupational health hazards.

A) Syphilis B) Cirrhosis
C) Silicosis D) Parkinson's
 
Answer & Explanation Answer: C) Silicosis

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

Which state of India produces the highest quantity of Jute?

A) Bihar B) Odisha
C) West Bengal D) Jharkhand
 
Answer & Explanation Answer: C) West Bengal

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Filed Under: Indian Geography
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Q:

___ are a mountain range that runs almost parallel to the western coast of the Indian peninsula, and is one of the eight "hottest hotspots" of biological diversity in the world sometimes called the "Great Escarpment of India".

A) Eastern Ghats B) Western Ghats
C) Himalayas D) Satpura Range
 
Answer & Explanation Answer: B) Western Ghats

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Filed Under: Indian Geography
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Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Filed Under: Indian Economy
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