Questions

Q:

The agricultural price support program is an example of ___________.

 

A) a price ceiling B) a price floor
C) equilibrium pricing D) No option is correct
 
Answer & Explanation Answer: B) a price floor

Explanation:
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Q:

Between small and large human intestine which one is longer?

 

A) small intestine B) Large intestine
C) Both are equal in length D) Depends on male or female
 
Answer & Explanation Answer: A) small intestine

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Q:

Name the plant important in sericulture

A) Pea B) Legumes
C) Mulberry D) Cassia
 
Answer & Explanation Answer: C) Mulberry

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Q:

What is called the residual eroded mounds sporadically located in Karst Plains?

 

A) Monadnock B) Pediplain
C) Hum D) No option is correct
 
Answer & Explanation Answer: C) Hum

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Q:

Which of these is the best description of fixed expenses?

 

A) Insurance B) Payment on loans
C) Rent D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Fixed expenses are those expenses that do not change when there is a change in production or sales level.

 

Examples of Fixed Expenses are rent, insurance, payment on loans, salaries, advertising, etc...

 

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Q:

In which of the following fields was Prof. Richard H. Thaler awarded the Nobel Prize 2017?

 

A) Physics B) Chemistry
C) Literature D) Economics
 
Answer & Explanation Answer: D) Economics

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Q:

'Madhubani', a style of folk paintings, is popular in which of the following states in India?

A) Uttar Pradesh B) Rajasthan
C) Madhya Pradesh D) Bihar
 
Answer & Explanation Answer: D) Bihar

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Q:

Which of the following is a characteristic of the monopolistic competition?

 

A) A large number of firms compete B) Each firm produces a differentiated product
C) Both answers A and B are correct D) Barriers to entry
 
Answer & Explanation Answer: C) Both answers A and B are correct

Explanation:

A large number of firms compete and Each firm produces a differentiated product is a characteristic of the market structure for monopolistic competition.

 

 

 

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