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:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium	B) Excess Demand
C) Excess Supply	D) Marginal Revenue

Answer & Explanation Answer: C) Excess Supply

Explanation:

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

Answer & Explanation Answer: B) Monopoly

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Q:

In the following gases, which is not a colorless or odourless gas?

A) Nitrogen	B) Chlorine
C) Hydrogen	D) Oxygen

Answer & Explanation Answer: B) Chlorine

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Filed Under: Chemistry
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Q:

Select the INCORRECT set of Molecular Formula - IUPAC Name - Common Name from the following options.

A) C4H9OH	B) C2H3OH - Methanol - Methyl Alcohol
C) C2H5OH - Ethanol - Ethyl Alcohol	D) C3H7OH - Propanal - Propyl Alcohol

Answer & Explanation Answer: B) C2H3OH - Methanol - Methyl Alcohol

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Q:

All of the following are true about ecosystems except

A) they represent the lowest level of biological organization that is known	B) there is a transfer of energy through the system and it is lost
C) the ultimate source of energy is the sun for nearly all known ecosystems	D) they contain both living and nonliving components

Answer & Explanation Answer: A) they represent the lowest level of biological organization that is known

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Filed Under: General Science
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Q:

Find the odd one out in relation to using ATM and net-banking facilities.

A) Don't share your ATM card	B) Don't share your PIN
C) Don't change your PIN at regular intervals	D) Don't share your login ID and password

Answer & Explanation Answer: C) Don't change your PIN at regular intervals

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Filed Under: General Awareness
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Q:

Which one of the following intellectual property rights is protected without making any registration?

A) Copyright	B) Patent
C) Industrial design	D) Trademark

Answer & Explanation Answer: C) Industrial design

Explanation:

Registration for Industrial design is not made. For instance, if Coca Cola is making bottle for soft drink then Pepsi can also make same designed bottles for its own soft drinks.

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