Questions

Q:

In which of the following market forms a firm does not exercise control over price?

A) Mixed Competition B) Monopoly
C) Oligopoly D) Perfect Competition
 
Answer & Explanation Answer: D) Perfect Competition

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Q:

If the average total cost are Rs 54, average variable cost is Rs 36 and quantity produced is 2500 units, find the total fixed costs (in Rs) of the firm?

A) 30000 B) 15000
C) 45000 D) 60000
 
Answer & Explanation Answer: C) 45000

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Q:

If price of an article decreases from Rs 100 to Rs 80, when quantity demanded increases from Q1 units to 4600 units, and if point elasticity of demand is 0.75 find Q1?

A) 5000 units B) 4000 units
C) 3000 units D) 2000 units
 
Answer & Explanation Answer: B) 4000 units

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Q:

Acetic Acid is another name for which of the following?

A) Vinegar B) Baking Soda
C) Copper Sulphate D) Magnesium Oxide
 
Answer & Explanation Answer: A) Vinegar

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Q:

Atomic number of which of the following elements is greater than that of Calcium?

A) Chlorine B) Argon
C) Sulphur D) Scandium
 
Answer & Explanation Answer: D) Scandium

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Q:

Which organ of human body secretes Insulin?

A) Pancreas B) Kidney
C) Gall bladder D) Liver
 
Answer & Explanation Answer: A) Pancreas

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Q:

In each of the following choose the word most nearly opposite in meaning to the word given in capitals.

“DEROGATORY”

A) Conferred B) Immediate
C) Praising D) Private
 
Answer & Explanation Answer: C) Praising

Explanation:

Derogatory means showing a critical or disrespectful attitude and, Praising means express warm approval. Both words are opposite in nature.

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Q:

The tenth element in the Newland's periodic classification resembles the

A) Fourth B) Ninth
C) First D) Third
 
Answer & Explanation Answer: D) Third

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