Questions

Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases. B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases. D) if the price of a good increases, the quantity demanded of that good increases.
 
Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

Explanation:
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Q:

Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.

A) top B) below
C) right D) left
 
Answer & Explanation Answer: B) below

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

Looking forward to something (1)/ in anticipation is what helps us (2)/ moving forward in life. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Don't count your chickens before the eggs have hatched

 

A) Counting your wealth repeatedly does not increase it.   B) You should not make plans that depend on something good happening before you know that it has actually happened.  
C) Chicken and egg is an infinite cycle, you can count this cycle endlessly. D) Eggs will not hatch unless you cease the counting process
 
Answer & Explanation Answer: B) You should not make plans that depend on something good happening before you know that it has actually happened.  

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option.

 

If a sentence is free from error, select 'No Error'.Information that comes (1)/ through conversations (2)/ get imprinted in the mind. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Worldwide, journalism and the news industry are struggling, in this digital age, to ________________ their relevance and value under profoundly changed and _________________ circumstances. In response ________________ the challenge, a strong view is forming within the profession that one way to ensure that the activities that __________________ journalism will continue to matter is to hone, strengthen, and develop its professional capabilities to perform certain __________________ tasks.

 

develop its professional capabilities to perform certain __________________ tasks.

 

A) trivial B) core
C) trite D) frivolous
 
Answer & Explanation Answer: B) core

Explanation:
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Q:

In the following question, select the odd word pair from the given alternatives

A) Square – Four B) Hexagon – Six
C) Cone – Figure D) Triangle – Three
 
Answer & Explanation Answer: C) Cone – Figure

Explanation:
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