Questions

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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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.

Explanation:
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Q:

The sentences given with blanks are to be filled with an appropriate word(s). Four alternatives are suggested for each question. For each question, choose the correct alternative and click the button corresponding to it.

Most children remain______school between the ages of seven and ten.

A) in B) under
C) at D) inside
 
Answer & Explanation Answer: C) at

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

I think so (A)/ you have taken (B) / the right decision. (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: A) A

Explanation:
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Q:

The question below consists of a set of labelled sentences. Out of the four options given, select the most logical order of the sentences to form a coherent paragraph.

If there is a

X-corresponding sensation
Y-kind, there has to be a
Z-change in brain activity of a certain

A) ZXY B) ZYX
C) YZX D) YXZ
 
Answer & Explanation Answer: B) ZYX

Explanation:
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Q:

A passage is given with 5 questions following it. Read the passage carefully and choose the best answer to each question out of the four alternatives and click the button corresponding to it.

 

Man's attitude to various animals changed many times in the course of centuries. From indifference or practicality, he went on to adoration and deification, and then to hatred. Ancient Egyptians, for example, highly appreciated the cat's ability to destroy rodents. The cat was much superior in this respect to the grass­snakes and weasels they had kept in their houses before. These proved unable to cope with hordes of rats which invaded Egypt from Asia. So the cat, a very useful animal, was ranked as a sacred animal and one of the most important animals, too. The goddess of the Moon, fertility and child­birth, Bast herself was portrayed by the Egyptians as a woman with a cat's head.

Sumptuous temples were built to this goddess, where cats were kept in luxury and fed the choicest of foods. They had their own priests and votaries, more numerous as a matter of fact than any other sacred animal could boast. According to the Greek historian Herodotus, the festival in the city of Bubastis, which had a temple dedicated to cats, was attended by as many as 700 thousand, who brought their offerings to the goddess in the shape of figurines of her made of gold, silver and bronze and adorned with precious stones.

 

Egyptians appreciated the cat's ability to destroy _____ .

A) snakes B) weasels
C) houses D) rodents
 
Answer & Explanation Answer: D) rodents

Explanation:
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Q:

There is a protocol signed to reduce production of CFC, known as

A) CFC Protocol B) IR Protocol
C) Montreal Protocol D) UV Protocol
 
Answer & Explanation Answer: C) Montreal Protocol

Explanation:
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