Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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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:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

A shop keeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of cost price to the printed price of the book is

A) 45:56 B) 50:61
C) 99:125 D) None of these
 
Answer & Explanation Answer: A) 45:56

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Q:

If a mirror is placed on the line MN, then which of the answer figures is the right image of the given figure?

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

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Filed Under: Non Verbal Reasoning

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Q:

In November 2017, Indian Government approved setting up of ‘Pradhan Mantri Mahila Shakti Kendras’. These will be set up in how many most backward districts of the country?

A) 100 B) 150
C) 115 D) 200
 
Answer & Explanation Answer: C) 115

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Filed Under: Indian Politics
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Q:

On 2 January 2018, Parliament Passed NABARD (Amendment) Bill, 2017. The Bill seeks to increase capital of NABARD from Rs 5,000 crore to ______.

 

A) Rs 30,000 crore B) Rs 10,000 crore
C) Rs 20,000 crore D) Rs 40,000 crore
 
Answer & Explanation Answer: A) Rs 30,000 crore

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Q:

Find the resistance (in mega Ω) of a wire of length 10 m, cross sectional area 1 cm2 and made of a material of resistivity 100 Ωm.

 

A) 1000   B) 20  
C)  500   D) 10
 
Answer & Explanation Answer: D) 10

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Filed Under: Physics
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