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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Filed Under: Indian Economy
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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Micro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) understanding unemployment D) economic growth
 
Answer & Explanation Answer: B) the decision making of a single economic variable like demand

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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:

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'.
I was shocked to hear (1)/ that her husband (2)/ died of an accident. (3)/ No Error (4)

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

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Q:

The energy released at the end of digestion is in the form of

A) thermal energy B) electric energy
C) kinetic energy D) chemical energy
 
Answer & Explanation Answer: D) chemical energy

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Filed Under: Physics
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Q:

What is the name of the moon of Pluto?

A) Charon B) Ganymede
C) Luna D) Triton
 
Answer & Explanation Answer: A) Charon

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Filed Under: General Science
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Q:

Statement I :The    Poona    Pact    provided    for    151 reserved  seats  for  the  scheduled  castes  to be   elected   by   a   joint,   not   separate, electorate.

Statement II :Dr.  B.  R.  Ambedkar  withdrew  from  active politics   for   almost   a   decade   when   the Communal Award was revoked.

A) Both the statements are individually true and Statement II is the correct explanation of Statement I B) Both the statements are individually true but Statement II is not the correct explanation of Statement I
C) Statement I is true but Statement II is false D) Statement I is false but Statement II is true
 
Answer & Explanation Answer: C) Statement I is true but Statement II is false

Explanation:

The  Poona  Pact  was  an  agreement between  Dr.  Babasaheb  Ambedkar and  Mahatma  Gandhi  which  was signed  on  24  September  1932  at Yerwada Central Jail in Pune, India, which asserted that there will be a single    Hindu    electorate,    with scheduled    castes    having    seats reserved     within     it,So     the representation of these classes was based  on  the  standards  of  joint electorates   and   reserved   seats. The  Communal  Award  was  made by    the    British    Prime    Minister Ramsay  MacDonald  on  16  August 1932    which    allowed    separate electorates  in  India,  and  it  was supported by Ambedkar.

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