Questions

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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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

Upon winning Wimbledon Women's Tennis Tournament 2016, Serena Williams equalled record 22 Grand Slam wins of

 

A) Martina Navratilova B) Steffi Graf
C) Martina Hingis D) Maria Sharapova
 
Answer & Explanation Answer: B) Steffi Graf

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Q:

Who among the following was NOT one of the 'Nine Gems' of Emperor Akbar's court?

A) Raja Todar Mal B) Fakir Aziao-Din
C) Abu'l-Fazil ibn Mubarak D) Osman Ali Khan
 
Answer & Explanation Answer: D) Osman Ali Khan

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Q:

__ was a Chinese Buddhist monk, who studied Buddhist Scriptures at Nalanda and is famous for his 17 year long trip to India between AD 627 to 643.

A) Megasthenes B) Hiuen Tsang
C) Fa-hien D) Al Beruni
 
Answer & Explanation Answer: B) Hiuen Tsang

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Q:

In a triangle ABC, AB = 8 cm, AC = 10 cm and ∠B = 90°, then the area of ΔABC is

A) 49 sq.cm B) 36 sq.cm
C) 25 sq.cm D) 24 sq.cm
 
Answer & Explanation Answer: D) 24 sq.cm

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Q:

If cos(A-B) - cos(A+B) = x, then the value of x is

A) 2sinAsinB B) 2cosAcosB
C) 2cosAsinB D) 2sinAcosB
 
Answer & Explanation Answer: A) 2sinAsinB

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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