Questions

Q:

Match the characteristics with their market structure:
(a) Expand out put until MC = MR
(b) Elasticity of demand depends on pricing policies of rivals

A) (a) Pure competition, (b) Pure Monopoly B) (a) Pure Monopoly, (b) Monopolistic competition
C) (a) Pure competition, (b) Oligopoly D) (a) Monopolistic competition, (b) Oligopoly
 
Answer & Explanation Answer: D) (a) Monopolistic competition, (b) Oligopoly

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Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set B) Production Probability Set
C) Resource Possibility Set D) Production Possibility Set
 
Answer & Explanation Answer: D) Production Possibility Set

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Q:

What is the other name of sodium carbonate?

A) Baking soda B) Washing soda
C) Baking powder D) No option is correct
 
Answer & Explanation Answer: B) Washing soda

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Q:

Which of the following is NOT a radioactive element?

A) Uranium B) Plutonium
C) Titanium D) Thorium
 
Answer & Explanation Answer: C) Titanium

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Q:

Biogas is produced from biomass by

A) destructive distillation B) fractional distillation
C) anaerobic fermentation D) dry distillation
 
Answer & Explanation Answer: C) anaerobic fermentation

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Q:

In the following passage some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


The _____ of energy in India are met from both commercial and non commercial sources. The most _____ sources of energy today are coal and natural gas, hydro
electricity and nuclear power. On the other hand, firewood, cow-dung cakes and vegetable waste etc. _____ non commercial forms of energy. While non commercial
forms of energy _____ demand, coal is the _____ source of commercial energy in India.


coal is the _____ source of commercial energy in India. 

A) smallest B) hardest
C) largest D) heaviest
 
Answer & Explanation Answer: C) largest

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Q:

The Headquarters  of  the  Southern  Naval Command  of  the  Indian  Navy  is  located  at which one of the following places?

A) Karwar B) Kochi
C) Thiruvananthapuram D) Chennai
 
Answer & Explanation Answer: B) Kochi

Explanation:

Headquarter are located in Kochi

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Q:

A 'Market Economy' is one which

A) is controlled by the Government B) is free from the Government control
C) in influenced by international market forces D) All of these
 
Answer & Explanation Answer: B) is free from the Government control

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