Questions

Q:

An indifference curve measures the same level of ___________

A) Output from two factors B) Satisfaction from two commodities
C) Satisfaction from Income and Capital D) Satisfaction from expenditure and savings
 
Answer & Explanation Answer: B) Satisfaction from two commodities

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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:

_______________________ is the unemployment which exists in any economy due to people being in the process of moving from one job to another.

A) Seasonal unemployment B) Cyclical unemployment
C) Frictional unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Frictional unemployment

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Q:

The angle of elevation of the top of a pillar from the foot and the top of a building 20 m high, are 60° and 30° respectively. The height of the pillar is

A) 10 m B) 10√3m
C) 60 m D) 30 m
 
Answer & Explanation Answer: D) 30 m

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Q:

Who wrote the Indian historical fiction novel 'The Rise of Sivagami' published in March 2017?

A) Arundhati Roy B) Amish Tripathi
C) Devdutt Pattanaik D) Anand Neelakantan
 
Answer & Explanation Answer: D) Anand Neelakantan

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Q:

In India, which among the following can be amended by Special Majority of Parliament and Consent of States?

 

I. Election of President and its manner

II. Any of the lists in Seventh Schedule

III. Amendment in Fundamental Right

 

A) Only I B) Only II
C) Both I and II D) All I, II and III
 
Answer & Explanation Answer: C) Both I and II

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Q:

If cash reserve ratio decreases, credit creation will _______.

A) increase B) decrease
C) does not change D) first decreases than increases
 
Answer & Explanation Answer: A) increase

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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