Questions

Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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Filed Under: Indian Economy
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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

In human beings, the respiratory pigment is

A) Chlorophyll B) Melanin
C) Rhodopsin D) Haemoglobin
 
Answer & Explanation Answer: D) Haemoglobin

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Filed Under: Biology
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select No Error.

 

While provisions on equality and non-discrimination (1)/ would promote equal opportunity, (2)/ in the process, reservation at jobs should not be denied. (3)/ No error.(4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Filed Under: English
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

The old man said to me, "Life has taught me some hard lessons."

 

A) The old man tells me that life has taught him some hard lessons. B) The old man told me this that life has had taught him some hard lessons.
C) The old man tells me that life is teaching him some hard lessons. D) The old man told me that life had taught him some hard lessons.
 
Answer & Explanation Answer: D) The old man told me that life had taught him some hard lessons.

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Q:

32% of a number exceeds 17% of the same number by 120. What is the value of the number?

A) 900 B) 860
C) 940 D) 800
 
Answer & Explanation Answer: D) 800

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Q:

Which among the following does not count in the development expenditure of government?

A) Expenditure on economic services B) Expenditure on social services
C) Grant to states D) Defence expenditure
 
Answer & Explanation Answer: D) Defence expenditure

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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