Questions

Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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Q:

As it relates to international trade, dumping

A) is the practice of selling goods in a foreign market at less than cost. B) is a form of price discrimination illegal under U.S. antitrust laws.
C) is defined as selling more goods than allowed by an import quota. D) constitutes a general case for permanent tariffs.
 
Answer & Explanation Answer: A) is the practice of selling goods in a foreign market at less than cost.

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Q:

When was the ASLV used in India for the first time?

A) 1980 B) 1987
C) 1994 D) 2000
 
Answer & Explanation Answer: B) 1987

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Q:

The planet Mars is also known as the ____.

A) Morning star B) Evening star
C) Red planet D) Blue planet
 
Answer & Explanation Answer: C) Red planet

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Q:

Match the characteristics with their market structure:
(a) Firm has control over quantity of output but it must take into account reactions of competitors.
b) Firm will tend to set output so that it earns maximum profits.

A) (a) Oligopoly, (b) Pure competition B) (a) Monopolistic competition, (b) Oligopoly
C) (a) Pure Monopoly, (b) Pure competition D) (a) Oligopoly, (b) Pure Monopoly
 
Answer & Explanation Answer: D) (a) Oligopoly, (b) Pure Monopoly

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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:

In 2016, the State Bank of India launched a new product called 'SBI Exclusif'. What is the financial nature of this product?

A) Insurance B) Mutual Fund Offering
C) Wealth Management D) Recurring Deposit Scheme
 
Answer & Explanation Answer: C) Wealth Management

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Q:

Which among the following is respiratory pigment in human beings?

A) Melanin B) Haemoglobin
C) Rhodopsin D) Bilirubin
 
Answer & Explanation Answer: B) Haemoglobin

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Filed Under: Biology
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