Questions

Q:

Which of the following Five Year Plan can be strategically associated with the Green Revolution?

A) Second Five Year Plan B) Seventh Five Year Plan
C) Fourth Five Year Plan D) Sixth Five Year Plan
 
Answer & Explanation Answer: C) Fourth Five Year Plan

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Q:

The demand for a normal good increases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: A) increase

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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:

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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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

Which of the below options is called a laughing gas?

A) N2O B) CO2
C) H2O D) SO2
 
Answer & Explanation Answer: A) N2O

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Q:

What is the simplified value of 1cosec A + cot A2 ?

A) sec A + tan A B) (1 – cos A)/(1 + cos A)
C) (1 – cosec A)/(1 + cosec A) D) sin A
 
Answer & Explanation Answer: B) (1 – cos A)/(1 + cos A)

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Q:

Ashoka The Great (273–232 B.C.) was the ruler of which dynasty?

A) Mewar B) Mughal
C) Maurya D) Peshwas
 
Answer & Explanation Answer: C) Maurya

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