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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
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Q:

"The General Equilibrium Analysis" was developed by

A) Marshall B) Ricardo
C) Walras D) Adam Smith
 
Answer & Explanation Answer: C) Walras

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.

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Q:

Algae belongs to which of the following levels of the ecosystem?

A) Decomposers B) Destructors
C) Producers D) Consumers
 
Answer & Explanation Answer: C) Producers

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Filed Under: Biology
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Q:

Which is NOT an example of organism that breaks down the food material outside the body and then absorb it?

A) Bread moulds B) Yeast
C) Mushrooms D) Snake
 
Answer & Explanation Answer: D) Snake

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Filed Under: Biology
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Q:

Lutheranism is an example of a christian

A) branch. B) sect.
C) denomination. D) religion.
 
Answer & Explanation Answer: C) denomination.

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Filed Under: Indian Culture
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Q:

In the following question, out of the given four alternatives, select the one which best expresses the meaning of the given word.

 

Obstreperous

 

A) Noisy B) Quiet
C) Restrained D) Silent
 
Answer & Explanation Answer: A) Noisy

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Filed Under: English
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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

 

I have flown this plane for seven years.

 

A) This plane is flying me for seven years. B) I am flying this plane for seven years.
C) Seven years have happened since I have been flying this plane. D) This plane has been flown by me for seven years.
 
Answer & Explanation Answer: D) This plane has been flown by me for seven years.

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