Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Increase in the demand for a good will cause the equilibrium price of the good to ________ and the equilibrium quantity to _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: A) increase; increase

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Q:

Find the odd word/letters/number pair from the given alternatives.

A) (3 , 12) B) (2 , 6)
C) (6 , 42) D) (5 , 35)
 
Answer & Explanation Answer: D) (5 , 35)

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Q:

What is the name of the autobiography of Sachin Tendulkar?

A) Numbers Do Lie B) Playing it my way
C) Once upon a Time D) What is Remembered
 
Answer & Explanation Answer: B) Playing it my way

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Filed Under: Books and Authors
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Q:

Who is the author of "It's All in the Planets"?

A) Preeti Shenoy B) Ravinder Singh
C) Keshav Aneel D) Durjoy Datta
 
Answer & Explanation Answer: A) Preeti Shenoy

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Q:

The area of a circle is 38.5 cm2. Find its circumference (in cm).

A) 1848 B) 1716
C) 1621 D) 1587
 
Answer & Explanation Answer: A) 1848

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Q:

Who among the following has been awarded the ‘German Green Talent Award 2017’?

A) Sukhveer Rohilla B) Pushpa Negrani
C) Shamik Chaudhary D) Rishi Dholakiya
 
Answer & Explanation Answer: C) Shamik Chaudhary

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Filed Under: Honours and Awards
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