Questions

Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

Explanation:
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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)

A) 11,320 B) 12,000
C) 12,320 D) 12,500
 
Answer & Explanation Answer: C) 12,320

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Q:

Who among the following won the ‘FIFA Men's Player of The Year Award’ on October 23, 2017?

A) Lionel Messi B) Andres Iniesta
C) Cristiano Ranaldo D) Luka Modric
 
Answer & Explanation Answer: C) Cristiano Ranaldo

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Filed Under: Honours and Awards
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Q:

Who won a gold medal in the World Weightlifting Championship at Anaheim, USA, in 2017?

A) Vandna Gupta B) Karnam Malleswari
C) Kunjarani Devi D) Mirabai Chanu
 
Answer & Explanation Answer: D) Mirabai Chanu

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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.

In a strange ________________, the production and the consumption of the event become cause for concern. _______________ wonders whether newer forms of “non­caring” or violence are appearing. Somehow, silence, even __________________, quietly suppresses a meditation on such events. __________________ a professor, I can recollect the number of occasions when my students have cried as we discussed such events in class. _____________, society seems so indifferent.

In a strange ________________,

A) way B) form
C) step D) method
 
Answer & Explanation Answer: A) way

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Filed Under: English
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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 course of the development of different life-forms heredity—which, in plain English, is unconscious memory generated in the first life-form and ______________ through all the different species—is the sole factor in the ____________ of the parent properties; while adaptation to surrounding conditions and circumstances, natural selection in the struggle _____________ existence, and partner selection in the struggle of the males for ____________ are the principal factors in the differentiation of species.

 

_______________ the course of the development of different life-forms heredity

 

A) Into B) In
C) Inside D) Onto
 
Answer & Explanation Answer: B) In

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