Questions

Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24 B) 18
C) 36 D) 60
 
Answer & Explanation Answer: C) 36

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Q:

Full employment is the level at which there is _____.

A) no frictional unemployment B) no cyclical unemployment
C) no structural unemployment D) no unemployment
 
Answer & Explanation Answer: B) no cyclical unemployment

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Q:

In India, how much percent of GDP is the fiscal deficit target for the Financial Year 2017-18?

A) 4.20% B) 3.20%
C) 2.20% D) 4.00%
 
Answer & Explanation Answer: B) 3.20%

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Q:

_______ is issued when the court finds that a particular office holder is not doing legal duty and thereby is infringing on the right of an individual.

A) Habeas Corpus B) Mandamus
C) Prohibition D) Quo Warranto
 
Answer & Explanation Answer: B) Mandamus

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000 B) 10000
C) 15000 D) 12000
 
Answer & Explanation Answer: A) 20000

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Q:

What does the kinetic energy (KE) of a moving body depend upon?

A) Mass & its position B) Weight & its position
C) Mass & acceleration D) Mass & velocity
 
Answer & Explanation Answer: D) Mass & velocity

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Q:

The game of football is also referred to as ___.

A) Rugby B) Poker
C) Soccer D) Ping-Pong
 
Answer & Explanation Answer: C) Soccer

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Q:

A study published in PLOS Medicine found that obesity was the cause of 1 in 10 deaths in the United States. Also, obesity was the third-leading cause of death in men and women, after high blood pressure and smoking. Hence, many doctors believe that it’s high time obesity be placed in the category of serious diseases as it not only decreases life expectancy but also impairs the normal functioning of the body.
Which of the following statements, if true, undermines the given argument?

A) Extreme obesity can shorten a person's life span by 10 years. B) Obesity is the result of eating of too much and of a sedentary lifestyle and cannot be defined as a disease per se.
C) Obesity can be a genetic disorder such as sickle-cell anemia and Tay- Sachs, which are classified as diseases. D) The Food and Drug Administration, the American Heart Association, the American College of Cardiology, and the Obesity Society, the National Heart, Lung, and Blood Institute, and the American College of Gastroenterology have i
 
Answer & Explanation Answer: B) Obesity is the result of eating of too much and of a sedentary lifestyle and cannot be defined as a disease per se.

Explanation:

The given argument states that obesity should be categorized as a serious disease as it is known to decrease life expectancy and to harm the normal functioning of the body just like any other life-threatening disease. Option B undermines the argument by pointing out that obesity is mostly a lifestyle problem and not a disease. Compared to 40 years ago, people today spend more time commuting, sitting in front of a computer, watching television, playing video games, and generally exercising less, and end up burning fewer calories. Hence, option 2 is the correct answer.

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