Questions

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

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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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

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Purchase of fixed assets on credit is originally recorded in

A) Purchases book B) Journal Proper
C) Cash book D) Ledger
 
Answer & Explanation Answer: B) Journal Proper

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

Saturated Hydrocarbons are called

A) alkynes B) isomers
C) alkanes D) alkenes
 
Answer & Explanation Answer: C) alkanes

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

The hardest natural substance is

A) Graphite B) Diamond
C) Iron D) Copper
 
Answer & Explanation Answer: B) Diamond

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

Which of the following schedules contains special provisions for the administration of tribal areas in the four north-eastern states of Assam, Meghalaya, Tripura and Mizoram

A) First schedule B) Second schedule
C) Third schedule D) Sixth schedule
 
Answer & Explanation Answer: D) Sixth schedule

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Filed Under: Indian Politics
Exam Prep: Bank Exams

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Q:

What occurs during the appropriations process?

A) Congress acquires requested oversight material from the executive. B) Congress instructs the president to eliminate federal agencies.
C) Congress grants funds to federal agencies and programs.  D) Congress makes laws.
 
Answer & Explanation Answer: C) Congress grants funds to federal agencies and programs. 

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Filed Under: General Awareness
Exam Prep: Bank Exams

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