Questions

Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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Q:

If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?

A) Rs 52500 B) Rs 127500
C) Rs 180000 D) Rs 60000
 
Answer & Explanation Answer: A) Rs 52500

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Q:

Which State in India has the highest forest cover?

A) Kerala B) Madhya Pradesh
C) Maharashtra D) Bihar
 
Answer & Explanation Answer: B) Madhya Pradesh

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Filed Under: Indian Geography
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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best
expresses the same sentence in Passive/Active voice.
The theatre was keeping a seat for you.

A) A seat was being kept for you by the theatre. B) Keeping of a seat for you has been done by the theatre.
C) The theatre has kept a seat for you. D) A seat would be kept for you by the theatre.
 
Answer & Explanation Answer: A) A seat was being kept for you by the theatre.

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Q:

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

A) Total product B) Average product
C) Isoquant D) The Long Run
 
Answer & Explanation Answer: A) Total product

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Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Q:

Name the first civilian president of Myanmar.

A) Htin Kyaw B) Myint Swe
C) Henry VanThio D) Thein Sein
 
Answer & Explanation Answer: A) Htin Kyaw

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Filed Under: Famous Personalities
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Q:

From the given alternative words, select the word which cannot be formed using the letters of the given word.

ENCYCLOPEDIA

A) OPEN B) PLEASE
C) CANOPY D) PLEAD
 
Answer & Explanation Answer: B) PLEASE

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