Questions

Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

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

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If price of an article decreases from Rs P1 to Rs 75, quantity demanded increases from 1000 units to 1200 units. If point elasticity of demand is ­3.2 findmP1?

A) Rs 85 B) Rs 80
C) D) Rs 95
 
Answer & Explanation Answer: B) Rs 80

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

Goitre is caused by the deficiency of ___________

A) Zinc B) Calcium
C) Iodine D) Chlorine
 
Answer & Explanation Answer: C) Iodine

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Filed Under: Biology
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Q:

Which feature of a plant helps to distinguish a monocot from a dicot?

A) pollination B) venation
C) vernation D) aestivation
 
Answer & Explanation Answer: B) venation

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Filed Under: Biology
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Q:

The smell that we get when LPG cylinder leaks is due to the presence of

A) Nitrogen peroxide B) Carbon monoxide
C) Sulphur compound D) Carbon dioxide
 
Answer & Explanation Answer: C) Sulphur compound

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Filed Under: Chemistry
Exam Prep: AIEEE , Bank Exams

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Q:

India shares water border with ___ countries.

A) Three B) Four
C) Five D) Seven
 
Answer & Explanation Answer: D) Seven

Explanation:

India's maritime boundaries are shared with seven countries — Pakistan, Maldives, Sri Lanka, Indonesia, Thailand, Myanmar and Bangladesh.

 

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Filed Under: Indian Geography
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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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