Questions

Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If a person's income increases from Rs 20 lakhs per year to Rs 24 lakhs per year and tax increases from Rs 3,50,000 to Rs 4,00,000 the marginal tax rate is

A) 8 percent B) 12.5 percent
C) 10 percent D) 15 percent
 
Answer & Explanation Answer: B) 12.5 percent

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Filed Under: Indian Economy
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Q:

If quantity of good X demanded increases from 2300 to 2700 when price of good Y increases from Rs. 45 to Rs. 55, find Arc Cross elasticity of demand?

A) 4 B) 1.25
C) 0.25 D) 0.8
 
Answer & Explanation Answer: D) 0.8

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Filed Under: Indian Economy
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Q:

Pakistan is located in which part of Asia?

A) Southern Asia B) Northern Asia
C) Eastern Asia D) No option is correct
 
Answer & Explanation Answer: A) Southern Asia

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Filed Under: World Geography
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Q:

Which male cricketer has been appointed as the UNICEF and Cricket for Good ambassador for the ICC Women's Cricket World Cup 2017?

A) Sachin Tendulkar B) Shane Warne
C) Clive Lloyd D) Brian Lara
 
Answer & Explanation Answer: D) Brian Lara

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Filed Under: Famous Personalities
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Q:

3 men dig a hole in 10 days. How many days would it take for 5 men to dg the same hole?

A) 50/3 B) 7
C) 5 D) 6
 
Answer & Explanation Answer: D) 6

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Q:

Who among the following has scored 2 triple hundreds in test matches?

A) Ricky Ponting B) Jacques Kallis
C) Sachin Tendulkar D) Brian Lara
 
Answer & Explanation Answer: D) Brian Lara

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Filed Under: Sports
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Q:

Vernal Equinox occurs on

A) June 22 B) March 20
C) May 20 D) June 20
 
Answer & Explanation Answer: B) March 20

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Filed Under: General Science
Exam Prep: Bank Exams

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