Questions

Q:

How are elements arranged in the Modern Periodic Table?

A) In the increasing order of their Molecular Mass B) In the increasing order of their Atomic Mass
C) In the increasing order of their Atomic Number D) In the increasing order of their Mass Number
 
Answer & Explanation Answer: B) In the increasing order of their Atomic Mass

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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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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Q:

A growing country is one with ___________ there.

A) rising GNP at constant prices B) rising GNP at current prices
C) constant GNP at constant prices D) No option is correct
 
Answer & Explanation Answer: A) rising GNP at constant prices

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

Which of the following is the CORRECT decreasing order of intercellular space in various simple permanent tissues?

 

A) Parenchyma > Sclerenchyma > Collenchyma   B) Collenchyma > Parenchyma > Sclerenchyma  
C) Parenchyma > Collenchyma > Sclerenchyma   D) Sclerenchyma > Parenchyma > Collenchyma  
 
Answer & Explanation Answer: C) Parenchyma > Collenchyma > Sclerenchyma  

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