Questions

Q:

Economic reasoning is based on the premise that

A) only economic decisions or actions have a cost associated with them B) all decisions and actions have a cost associated with them
C) all decisions or actions are costless because costs shared among decision-makers D) only decisions or actions that involve money have a cost associated with them
 
Answer & Explanation Answer: B) all decisions and actions have a cost associated with them

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Q:

Depreciation is loss in value of ________

A) Final goods B) Machinery
C) Capital stock D) Stock of inventory
 
Answer & Explanation Answer: B) Machinery

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Q:

"The General Equilibrium Analysis" was developed by

A) Marshall B) Ricardo
C) Walras D) Adam Smith
 
Answer & Explanation Answer: C) Walras

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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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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’.

Trend-analysts experts specializes (1)/ in predicting what will (2)/ be in and what will be out. (3)/ No error (4)

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

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Filed Under: English
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Q:

How many atoms are present in one molecule of Ozone?

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

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Filed Under: Chemistry
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Q:

How many layers does Human Skin have?

A) 5 B) 7
C) 11 D) 3
 
Answer & Explanation Answer: D) 3

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Filed Under: Biology
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Q:

Kanha Tiger Reserve is in which state?

A) Maharashtra B) Andhra Pradesh
C) Chhattisgarh D) Madhya Pradesh
 
Answer & Explanation Answer: D) Madhya Pradesh

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