Questions

Q:

Which of the following is a good source of Vitamin A?

A) Cabbage B) Carrot
C) Regular Potato D) Strawberry
 
Answer & Explanation Answer: B) Carrot

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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:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Q:

What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?

A) 6.10% B) 7.10%
C) 8.10% D) 6.70%
 
Answer & Explanation Answer: B) 7.10%

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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:

The egg is carried from the ovary to the womb through

A) the uterus B) the vas deferens
C) the oviduct D) the cervix
 
Answer & Explanation Answer: C) the oviduct

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Q:

Which of the following is a bisexual flower?

A) Cucumber B) Mustard
C) Watermelon D) Papaya
 
Answer & Explanation Answer: B) Mustard

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Q:

Ramesh starts his journey by walking 2 kilometres towards North. Then he takes a right turn and walks 1 kilometre. Again takes a right turn and walks 2 kilometre. Now which direction is he facing?

A) East B) West
C) South D) North
 
Answer & Explanation Answer: C) South

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