Q:

For a price taking firm, average revenue is ______ market price.

A) half of	B) equal to
C) double of	D) less than

Answer & Explanation Answer: B) equal to

Explanation:

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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

Explanation:

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Q:

Micro economics deals with

A) the circular flow of income	B) the decision making of a single economic variable like demand
C) understanding unemployment	D) economic growth

Answer & Explanation Answer: B) the decision making of a single economic variable like demand

Explanation:

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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3%	B) 10%
C) 2.50%	D) 7%

Answer & Explanation Answer: B) 10%

Explanation:

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Q:

Deep ocean trenches are associated with

Answer

Ocean trenches are the deepest parts of the ocean. Deep ocean trenches are associated with Constantly Moving a certain type of volcanic chain called an island arc and with zones of high earthquake activity.

download_(2)1593685917.jpg image

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Subject: Indian Geography Exam Prep: Bank Exams

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Q:

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at which state?

A) Gwalior	B) Bhopal
C) Jammu	D) New Delhi

Answer & Explanation Answer: B) Bhopal

Explanation:

The Union Cabinet Chaired by Prime Minister Shri Narendra Modi has approved the establishment of National Institute of Mental Health Rehabilitation (NIMHR) at Bhopal.

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Q:

According to the provisions of the Constitution of India, which one of the following is nota fundamental duty?

A) To respect the National Flag	B) To defend the country
C) To provide education to one’s child	D) To promote village and cottage industries

Answer & Explanation Answer: D) To promote village and cottage industries

Explanation:

Article 43 also places upon the State the responsibility of promoting cottage industries, and the federal government has, in furtherance of this, established several Boards for the promotion of khadi, handlooms etc., in coordination with the state governments. It is a DPSP.

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Q:

_______________ states that the ratio of the potential difference across a conductor to the current flowing through it, is a constant, provided that its physical conditions, such as temperature, remain constant.

A) Lenz's Law	B) Hooke's Law
C) Ohm's Law	D) The coulomb's law

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