Questions

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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Filed Under: Indian Economy
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Q:

The SLR is determined by the RBI. SLR stands for

A) States Leverage Return B) Savings Lease Rate
C) Statutory Liquidity Ratio D) Safe Legal Range
 
Answer & Explanation Answer: C) Statutory Liquidity Ratio

Explanation:
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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

Explanation:
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Q:

In the following question, out of the given four alternatives, select the alternative which best expresses the meaning of the Idiom/Phrase.

 

Reap the whirlwind

 

A) Providing that other factors or circumstance remain the same B) Suffer negative consequences as a result of one’s actions
C) An indication that something is accepted or regarded favourably D) Believing that moderation is more satisfying than excess
 
Answer & Explanation Answer: B) Suffer negative consequences as a result of one’s actions

Explanation:
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Filed Under: English
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

Lateral thinking method is ______ with creation of new ideas that is a procedure and readiness to look at things in a diverse approach.

 

A) regressive B) neoconservative
C) aggressive D) apprehensive
 
Answer & Explanation Answer: D) apprehensive

Explanation:
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Filed Under: English
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Q:

In the following question, out of the four alternatives, select the alternative which best expresses the meaning of the idiom/phrase.

 

Back seat driver

 

A) A passenger who gives unwanted and/or unneeded directions to the driver B) A person who gives unwanted advice is sometimes right
C) When too many people are controlling a project it is bound to fail D) A person who acts as a remote control taking orders from others
 
Answer & Explanation Answer: A) A passenger who gives unwanted and/or unneeded directions to the driver

Explanation:
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The love which is based on physical beauty is not ______.

 

A) imminent B) deponent
C) remanent D) permanent
 
Answer & Explanation Answer: D) permanent

Explanation:
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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: The political awakening cannot be an isolated phenomenon; it requires some changes in social structure so that woman can enjoy as important a place as man occupies.
Q: Unfortunately our customs and traditions conspired with her economic dependence to make her unimportant in our society.
R: Democracy in India can be a success only when the Indian women are politically awakened.
S: Moreover they should be free to express their opinion, to act as they like and to assert themselves in all departments of life.

 

A) PSQR B) SQPR
C) PRSQ D) RPSQ
 
Answer & Explanation Answer: D) RPSQ

Explanation:
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