Questions

Q:

If hiring an extra worker increases a factory's output from 1000 to 1200 units per day, but the factory has to reduce the price of its product from Rs. 25 to Rs. 24 per unit to sell the additional output, the marginal revenue product of the last worker is

A) Rs. 3800 B) Rs. 200
C) Rs. 4000 D) Rs. 100
 
Answer & Explanation Answer: A) Rs. 3800

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Q:

If price of an article decreases from Rs. 25 to Rs. 20, quantity demanded increases from Q1 units to 1500 units. If point elasticity of demand is -1.25, find Q1?

A) 900 units B) 1200 units
C) 1800 units D) 2000 units
 
Answer & Explanation Answer: B) 1200 units

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Q:

"Residex Index" is associated with which of these?

A) Share Prices B) Mutual Fund Prices
C) Price Inflation Index D) Housing Prices
 
Answer & Explanation Answer: D) Housing Prices

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

 

Levity

 

A) Gravity B) Funniness
C)  Beloved D) Baleful
 
Answer & Explanation Answer: B) Funniness

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Q:

Where did the leader of the Individual Satyagraha movement, Acharya Vinoba Bhave started this movement?

 

A) Nashik B) Poona
C) Pavnar D) Nagpur
 
Answer & Explanation Answer: C) Pavnar

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Filed Under: Indian History
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Q:

Who among the following Sikh Gurus had laid the foundation of Amritsar?

A) Guru Amar Das B) Guru Ram Das
C) Guru Arjan Dev D) Guru Har Govind
 
Answer & Explanation Answer: B) Guru Ram Das

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Q:

The compound interest on Rs. 64,000 for 3 years, compounded annually at 7.5% p.a. is Rs. 64,000

A) Rs. 14,400 B) Rs. 15,705
C) Rs. 15,507 D) Rs. 15,075
 
Answer & Explanation Answer: C) Rs. 15,507

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Q:

Who is the father of consumer movement?

A) Cliffword Beers B) D.Touchton
C) Ralph Nadar D) None of these
 
Answer & Explanation Answer: C) Ralph Nadar

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Filed Under: Famous Personalities
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