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
Exam Prep: Bank Exams

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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

Explanation:

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Filed Under: Indian Economy
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Q:

What are the organs similar in basic structure/shape, modified to perform different functions called?

A) Analogous organs	B) Homologous organs
C) Heterogeneous organs	D) Homogenous organs

Answer & Explanation Answer: B) Homologous organs

Explanation:

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Filed Under: Biology
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Q:

India shares water border with ___ countries.

A) Three	B) Four
C) Five	D) Seven

Answer & Explanation Answer: D) Seven

Explanation:

India's maritime boundaries are shared with seven countries — Pakistan, Maldives, Sri Lanka, Indonesia, Thailand, Myanmar and Bangladesh.

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Filed Under: Indian Geography
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Q:

'Queensberry rules' is the code followed in which sport?

A) Tennis	B) Cricket
C) Boxing	D) Equestrian

Answer & Explanation Answer: C) Boxing

Explanation:

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Filed Under: Sports
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Q:

Name the Real Madrid footballer who has been awarded the Globe Soccer Award for 'The Best Player of the Year 2017'.

A) Cristiano Ronaldo	B) Gareth Bale
C) Sergio Ramos	D) Karim Benzema

Answer & Explanation Answer: A) Cristiano Ronaldo

Explanation:

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Filed Under: Sports
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Q:

Which team created history by winning the Ranji Trophy for the first time in January 2018?

A) Kerala	B) West Bengal
C) Odisha	D) Vidarba

Answer & Explanation Answer: D) Vidarba

Explanation:

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Filed Under: Sports
Exam Prep: Bank Exams

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Q:

Which of the following increased in the 1920's?

A) Farmers' debt	B) Domestic demand for U.S. farm products
C) Prices for farm productsc)	D) Foreign demand for U.S. farm products

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