Questions

Q:

Which of the following Country doesn't have a written Constitution?

A) United Kingdom B) Australia
C) United States of America D) Bangladesh
 
Answer & Explanation Answer: A) United Kingdom

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Q:

A ball is dropped from a height of 10 m. It strikes the ground and rebounds up to a height of 2. m. During the collision, the per cent loss in the kinetic energy is

A) 100% B) 25%
C) 50% D) 75%
 
Answer & Explanation Answer: D) 75%

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Q:

The term of a Governor is

A) 4 Years B) 5 Years
C) 6 Years D) 3 Years
 
Answer & Explanation Answer: B) 5 Years

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Q:

The best way to deal with a tailgater is to

A) Speed up to increase the distance between you and the tailgater B) Change lanes or gradually slow down to encourage them to pass
C) Slam on your brakes to get the other driver to back off D) Ignore them
 
Answer & Explanation Answer: B) Change lanes or gradually slow down to encourage them to pass

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Q:

Open Market Operations refer to __________

A) Borrowings by Scheduled banks from RBI B) Lending by Commercial banks to industry
C) Purchase and sale of Government securities by RBI D) Deposit mobilisation
 
Answer & Explanation Answer: C) Purchase and sale of Government securities by RBI

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Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive D) When total utility is maximum,marginal and average utility are equal to each other.
 
Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

If a person's income increases from Rs. 10 lakhs per year to Rs. 11 lakhs per year and tax increases from Rs. 80,000 to Rs. 92,500 the marginal tax rate is

A) 12.50% B) 8%
C) 10% D) 15%
 
Answer & Explanation Answer: A) 12.50%

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Q:

If demand curve for racing cycles is D = 80200 ­ 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units B) 31220 units
C) 8750 units D) 41720 units
 
Answer & Explanation Answer: D) 41720 units

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