Questions

Q:

In ____________, the short run equilibrium results in quantity produced being lesser and prices being higher compared to perfect competition.

A) Monopsony B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: D) Monopolistic Competition

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Filed Under: Indian Economy
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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

The number of valence electrons in an atom of Phosphorous is

A) 4 B) 3
C) 2 D) 5
 
Answer & Explanation Answer: D) 5

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Filed Under: Chemistry
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Q:

Biotechnology means

A) Technical study of bacteria B) Technical study of chemicals in the body
C) Infusion of technology in human anatomy D) Use of living organisms in industrial processes
 
Answer & Explanation Answer: D) Use of living organisms in industrial processes

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Filed Under: Biology
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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

Which of the following statements is wrong with regard to strong acids?

A) Strong acids react very rapidly with other substances (such as metal carbonates and metal hydrogen carbonates) B) Hydrochloric acid, Sulphuric acid and Nitric acid are strong acids
C) Acids are those chemical substances that have a salty taste D) All minerals acids are strong acids
 
Answer & Explanation Answer: C) Acids are those chemical substances that have a salty taste

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Filed Under: Chemistry
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Q:

If a solution turns blue litmus red, its pH is likely to be

A) 7 B) 8
C) 9 D) 6
 
Answer & Explanation Answer: D) 6

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Filed Under: Chemistry
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Q:

The acceleration due to gravity at the surface of the earth (mass M and radius R) is proportional to ___.

A) MR B) M/R2
C) M2/R D) M/R
 
Answer & Explanation Answer: B) M/R2

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Filed Under: Physics
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