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Q:

Who is the author of the book titled "The Sellout"?

A) Paul Beatty B) Arvind Adiga
C) Elenor Catton D) Howard Jacobson
 
Answer & Explanation Answer: A) Paul Beatty

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Q:

Match the following.

A) I – 2, II – 3, III – 1 B) I – 1, II – 3, III – 2
C) I – 3, II – 1, III – 2 D) I – 3, II – 2, III – 1
 
Answer & Explanation Answer: A) I – 2, II – 3, III – 1

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Q:

During the day which process is the major driving force in the movement of water in the xylem?

A) Transpiration pull B) Evaporation
C) Suction D) Translocation
 
Answer & Explanation Answer: A) Transpiration pull

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

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

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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.

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Q:

If tea companies start using mechanised tea leave pickers

A) more people would want to work as tea leave pickers B) unemployment of tea leave pickers will decrease
C) more tea will be produced per acre D) then wages for manual tea leave pickers will fall
 
Answer & Explanation Answer: D) then wages for manual tea leave pickers will fall

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Q:

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities B) present liabilities and future liabilities
C) tangible liabilities and intagible liabilities D) current liabilities and long-term liabilities
 
Answer & Explanation Answer: D) current liabilities and long-term liabilities

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Q:

The number of days' sales uncollected is calculated by

A) Dividing accounts receivable by net sales and multiplying by 365. B) Dividing net sales by accounts receivable and multiplying by 365.
C) Dividing accounts receivable by net sales. D) Dividing net sales by accounts receivable.
 
Answer & Explanation Answer: A) Dividing accounts receivable by net sales and multiplying by 365.

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