Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers	B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous.	D) Buyers and sellers in the market are assumed to have perfect information.

Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
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0 918

Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line.	B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one.	D) APS is positive at all income levels.

Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic	B) Demand is inelastic
C) The product can be differentiated	D) The product can be homogenous.

Answer & Explanation Answer: C) The product can be differentiated

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Q:

Definition of Force can be stated from:

A) Newton's second law of motion	B) Newton's first law of motion
C) Newton's third law of motion	D) Newton's law of gravitation

Answer & Explanation Answer: D) Newton's law of gravitation

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Filed Under: Physics
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Q:

___________ is an alternative way of representing the production function.

A) The Short Run	B) The Long Run
C) Isoquant	D) Average product

Answer & Explanation Answer: C) Isoquant

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units	B) 90 units
C) 60 units	D) 50 units

Answer & Explanation Answer: C) 60 units

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Q:

The people of the Indus Valley Civilisation worshipped ___

A) Hanuman	B) Kali
C) Ayyappa	D) Pashupati

Answer & Explanation Answer: D) Pashupati

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Filed Under: Indian History
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Q:

What is the sum of the measures of all the interior angles of a regular polygon of 9 sides?

A) 1260	B) 1440
C) 1800	D) 2340

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