GATE Questions

Q:

Economic resources are also called

Answer

Economic resources include land, labour, capital and entrepreneurship. 


Entrepreneurship is also considered an economic resource because individuals are responsible for creating businesses and moving economic resources in the business environment.


 


These economic resources are also called as Factors of production.


 

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Q:

Which of the following industries most closely approximates pure competition?

A) Steel B) Clothing
C) Eectronic D) Agriculture
 
Answer & Explanation Answer: D) Agriculture

Explanation:

Agriculture would be a good example of a purely competitive industry.

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Filed Under: General Science
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Q:

The current atomic model would be revised if 

A) better microscopes are invented in the future B) a new element is discovered in the future
C) better microscopes were being used to study its structure D) new information about an atoms structure is discovered
 
Answer & Explanation Answer: D) new information about an atoms structure is discovered

Explanation:
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Q:

A vendor buys chikoos at 15 for Rs 8 and then sells at 10 for Rs 6. What will be the result?

A) 12.5 percent loss B) 11.11 percent gain
C) 12.5 percent gain D) 11.1 percent loss
 
Answer & Explanation Answer: C) 12.5 percent gain

Explanation:
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Filed Under: Profit and Loss
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Q:

Which of the following is an example of chemical weathering?

A) Oxidation B) Acid rains
C) Carbonation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Chemical weathering is what happens when rocks are broken down and chemically altered.

Chemical weathering is the breakdown of rocks by chemical reactions. Chemical weathering involves changes in the chemical composition of the existing rock to form new rock. Some examples of chemical weathering are hydrolysis, oxidation, carbonation, dissolution, etc.

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Q:

Which of the following atoms has the largest radius?

A) Br B) K
C) Na D) Cl
 
Answer & Explanation Answer: B) K

Explanation:

For neutral atoms, the periodic trends in atomic size can be described like this

Atomic size decreases when going from left to right across a period,
Atomic size increases when going from top to bottom down a group.

 

Let's use these trends to try and figure out which atom would have the largest radius.

If you look at elements that are located in the same group, potassium will have a larger atomic radius when compared with sodium. Likewise, bromine will have a larger atomic radius when compared with chlorine.

Now focus on potassium and bromine. Since potassium is located at the start of period 3, and bromine at the end of the same period, potassium will have a larger atomic radius than bromine, and thus the largest atomic radius of the four given atoms.

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Q:

The concept of net domestic investment refers to

A) the difference between the market value and book value of outstanding capital stock. B) total investment less the amount of investment goods used up in producing the year's output.
C) the amount of machinery and equipment used up in producing the GDP in a specific year. D) gross domestic investment less net exports.
 
Answer & Explanation Answer: B) total investment less the amount of investment goods used up in producing the year's output.

Explanation:
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Filed Under: Indian Economy
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Q:

Which of the following is a major function of chloride?

A) Helps maintain gastric acidity B) Acts as principal intracellular electrolyte
C) Acts as principal intracellular electrolyte D) All of the above
 
Answer & Explanation Answer: A) Helps maintain gastric acidity

Explanation:
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