Questions

Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

In the following passage some of the words have been left out. Read the passage carefully and choose the correct answer for the given blank out of the four alternatives.

 


The conditions ______ which democracy can _______ are _______ to ________ ; but one thing is _______ that democracy is always a slow growth, whereas dictators may _____ to ______ and _______ a new _______ with dramatic success, under _______ conditions.

 


and _______ a new

 

A) restart B) establish
C) enter D) define
 
Answer & Explanation Answer: B) establish

Explanation:
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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: About 30 new hydro projects are now under execution with an installed capacity of 5,600 MW.
Q: However, with the rapid increase in demand for power, higher priority was given to the pithead super thermal power stations as their gestation period was smaller than that of the hydel schemes.
R: Many projects were taken up for execution after independence and at one time (1962-63), the capacity contribution from hydro schemes was equal to thermal schemes.
S: The first hydro generating unit in India was commissioned in Darjeeling (W.Bengal) in 1897.

 

A) RQPS B) SRQP
C) QPSR D) PQRS
 
Answer & Explanation Answer: B) SRQP

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Anti­apartheid activist Desmond Tutu is even more hard­headed when he says, "In almost ____________ language, the most difficult words are 'I am sorry’." Mr. Tutu adds that ______________ reconciliations can only lead to spurious healing. _____________ him forgiveness is a wager, an ethical wager on the future of ______________ relationship. This is why the few events of apology which stand up to _____________ scrutiny deserve to be treasured.

 

"In almost ____________ language, the most difficult words are 'I am sorry'."

 

A) each B) all
C) any D) every
 
Answer & Explanation Answer: D) every

Explanation:
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Q:

The _________ of a firm is a relationship between inputs used and output produced by the firm.

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: B) Production function

Explanation:
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Q:

If for the year a country's GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 million, calculate government spending?

A) $260 million B) $240 million
C) $480 million D) $460 million
 
Answer & Explanation Answer: B) $240 million

Explanation:
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Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

Explanation:
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Q:

Which of the following scientists gave the law that governs the force of attraction/repulsion between two charged particles?

A) Charles Dufay B) Michael Faraday
C) Archimedes D) Charles Coulomb
 
Answer & Explanation Answer: D) Charles Coulomb

Explanation:
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