Q:

What is an octroi ?

A) Tax	B) Tax collection centre
C) Tax processing centre	D) Tax information centre

Answer & Explanation Answer: A) Tax

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Q:

For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity?

A) 100	B) 62.5
C) 167	D) 250

Answer & Explanation Answer: D) 250

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Q:

In economics secondary effects refer to the

A) best alternative that must be forgone as the result of a choice.	B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources.	D) unintended consequences of a change that are not immediately identifiable but are felt only with time.

Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

Researchers at the University of Illinois have discovered new form of matter called Excitonium which was coined by ______ in the 1960’

A) Bertrand Halperin	B) Eugene Wigner
C) Paul Dirac	D) Felix Bloch

Answer & Explanation Answer: A) Bertrand Halperin

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Q:

What is the action of dry HCl gas on dry litmus paper?

A) Blue litmus paper turns white	B) Blue or red litmus paper does not change its colour
C) Blue litmus paper turns red	D) Red litmus paper turns blue

Answer & Explanation Answer: B) Blue or red litmus paper does not change its colour

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Q:

Lorenz curve shows

A) Inflation	B) Unemployment
C) Income distribution	D) Poverty

Answer & Explanation Answer: C) Income distribution

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Q:

Where can you find the Kunchikal waterfalls?

A) Kerala	B) Karnataka
C) Andhra Pradesh	D) Telangana

Answer & Explanation Answer: B) Karnataka

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Q:

______ is a strong drug that doctors give to people to make them calm or help them sleep.

A) Barbiturate	B) Antidepressant
C) Antihistamine	D) Beta-Blocker

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