Questions

Q:

Which of the following is an example of market failure?

A) Prices do not reflect the full social cost of production B) A firm goes out of business because it cannot find a market for its products
C) Prices rise so that the consumers cannot afford the products they want to buy D) Producer surplus is maximized
 
Answer & Explanation Answer: A) Prices do not reflect the full social cost of production

Explanation:

Prices do not reflect the full social cost of production is an example of Market failure.

 

A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants.

It also occurs if externalities are not accounted for.

If a firm fails to maximize its profits this is not a general market failure.

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Filed Under: Marketing and Sales
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Q:

The Waterfall with the greatest meterage in the fall is 

A) The Jog Falls, India B) The Victoria Falls, Africa
C) The Niagara Falls, N America D) The Salto Angel Falls, S America
 
Answer & Explanation Answer: D) The Salto Angel Falls, S America

Explanation:

The greatest single drop of the waterfall, Salto Angel of Venezuela, measures 807m and the width at the base is about 150 m. From top to bottom the Angel falls measures 979 m - almost 1 km.

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Filed Under: World Geography

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Q:

From where do most producers get energy?

A) plants B) sun
C) water D) All of the above
 
Answer & Explanation Answer: B) sun

Explanation:

Most producers use sun light for making their energy in the process of photosynthesis. The energy they prepared is sugar and glucose. 

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Filed Under: General Science
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Q:

Which of these is exhibiting kinetic energy?

A) an archer with a flexed bow B) a person sitting on a couch while watching TV
C) a space station orbiting Earth D) All of the above
 
Answer & Explanation Answer: C) a space station orbiting Earth

Explanation:

Any moving object can exhibit kinetic energy, as kinetic energy is also known as Motional energy.

In the given options, only a space station orbiting Earth is in motion and all the other are in rest position.

 

Hence, option C) a space station orbiting Earth is only exhibiting kinetic energy.

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Filed Under: Physics
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Q:

Air contains water in a gaseous form called

A) vapour B) droplets
C) humidity D) None of the above
 
Answer & Explanation Answer: A) vapour

Explanation:

Air contains water in a gaseous form called water vapour.

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Filed Under: General Science
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Q:

The greater is the marginal propensity to consume, the

A) lower is the price level B) smaller is the marginal propensity to save
C) lower is the average propensity to consume D) higher is the interest rate
 
Answer & Explanation Answer: B) smaller is the marginal propensity to save

Explanation:
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Filed Under: Indian Economy
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Q:

Who was the last Emperor of Rome ?

A) Nero B) Ceaser
C) Romulus Augustulus D) Julius
 
Answer & Explanation Answer: C) Romulus Augustulus

Explanation:
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Filed Under: World History

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Q:

What is Internal marketing?

Answer

Internal marketing is the process of motivating and empowering the employees of a company to work as a team for the overall well-being of the customers and thereby the company itself. This is actually the core to succes of a company. A harmonised effort  within the company is an utmost necessity to provide customers with services at a desired level. If a firm doesn't deliver the service it promises in its marketing campaign, it will fail for sure. And it only can keep that promise when all of its employees at all levels realise what actually it is going to deliver. 

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