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Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

Which  one  of  the  following  indices  is  now used  by  the  Reserve  Bank  of  India  to measure the rate of inflation in India?

A) NASDAQ Index B) BSE Index
C) Consumer Price Index D) Wholesale Price Index
 
Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The  Wholesale  Price  Index  (WPI) was  main  index  for  measurement of  inflation  in  India  till  April  2014 when  RBI  adopted  new  Consumer Price   Index   (CPI)   as   the   key measure of inflation.

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Q:

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent B) 7.65 percent
C) 8 percent D) 5.12 percent
 
Answer & Explanation Answer: C) 8 percent

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding. B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding. D) net income by average common shares outstanding.
 
Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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Q:

The universal natural auxin of plants is

A) IBA B) Citric auxin
C) NAA D) IAA
 
Answer & Explanation Answer: D) IAA

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Filed Under: Biology
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Q:

Which of the following meals is NOT obtained by reduction using carbon?

A) Copper B) Sodium
C) Iron D) Zinc
 
Answer & Explanation Answer: B) Sodium

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Filed Under: Chemistry
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Q:

Identify a use of the isotope of uranium.

A) Fuel in nuclear reactors B) Treatment of goitre
C) Treatment of cancer D) Fuel in aeroplanes
 
Answer & Explanation Answer: A) Fuel in nuclear reactors

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Filed Under: Chemistry
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Q:

Syngamy is defined as

A) the fission of one egg B) the fusion of one of the sperms with the synergid
C) the fission of one sperm D) the fusion of one of the sperms with the egg
 
Answer & Explanation Answer: D) the fusion of one of the sperms with the egg

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Filed Under: Biology
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