Questions

Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

If demand curve for radial car tyres is D = 230000 ­ 19P and supply curve is S = 180000 + 6P, find the equilibrium Quantity?

A) 19200 units B) 291000 units
C) 29100 units D) 192000 units
 
Answer & Explanation Answer: D) 192000 units

Explanation:
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Q:

A binding price ceiling is designed to

A) keep prices low B) increase efficiency
C) increase the quality of the good D) prevent shortages
 
Answer & Explanation Answer: A) keep prices low

Explanation:
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Q:

Each  of  the  following  questions has   four   statements.   Three   are   logically correct.  Some  of  which  may  look  factually absurd.  Ignore  this  absurdity  and  look  to  the logical   corrections.   Choose   the   statement which is wrong or doubtful:-

A) All   books   can   read.   Some   pencils   are books. All pencils are clever.Therefore, all clever cannot read. B) Some  who  fail  are  stupid.  Some  criminals are stupid. Therefore, all criminalsfail.
C) Some   liar   are   thieves.   All   thieves   are criminals. Therefore, some liars are criminals. D) All that is given is black. Trees are green.Therefore, trees are black.
 
Answer & Explanation Answer: A) All   books   can   read.   Some   pencils   are books. All pencils are clever.Therefore, all clever cannot read.

Explanation:
There are all positive sentences so we cannot conclude negative sentence.
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Filed Under: English
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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.


P: Modern medicine has scored significant victories against both, and the major causes of ill health and death are now the chronic degenerative diseases, such as
coronary artery disease, arthritis, osteoporosis, Alzheimer's, macular degeneration, cataract and cancer.
Q: It follows that the majority of apparently healthy people are pre-ill.
R: Throughout human history the leading causes of death have been infection and trauma.
S: These have a long latency period before symptoms appear and a diagnosis is made.

A) RPSQ B) PRQS
C) PSQR D) QRSP
 
Answer & Explanation Answer: A) RPSQ

Explanation:
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Q:

Which among the following is the difference in valuebetween a countrys imports and exports?

A) Balance of Trade B) Balance of Payment
C) Balance of power D) Credit Balance
 
Answer & Explanation Answer: A) Balance of Trade

Explanation:
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Q:

Increased RBC's in the blood leads to a condition called __________ .

A) Anemia B) Haemophilia
C) Polycythemia D) Leukaemia
 
Answer & Explanation Answer: C) Polycythemia

Explanation:
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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) It is not difficult to believe that a man B) who has lived in this for a long time
C) he will never feel at home anywhere else in the world. D) No error
 
Answer & Explanation Answer: C) he will never feel at home anywhere else in the world.

Explanation:

Error is in third part. By writing ‘who’ in the second part it has already been made clear that the sentence talks about ‘a man’. The use of ‘he’ becomes redundant or repetitive. By omitting ‘he’ the sentence becomes grammatically correct.

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