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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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

Explanation:

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Q:

What is a bank rate?

A) Rate at which Central bank of a country advances loans to other banks in the country	B) Rate at which banks advance loans to the customers
C) Rate at which banks lend among themselves	D) Rate at which banks lend to money lenders

Answer & Explanation Answer: A) Rate at which Central bank of a country advances loans to other banks in the country

Explanation:

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the buttoncorresponding to it. If the sentence is free from error, click the "No error" option.

Although I have never seen the girl before, (A)/ I recognized her at once (B)/ from her photograph (C)/ no error (D)

A) A	B) B
C) C	D) D

Answer & Explanation Answer: A) A

Explanation:

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Q:

Improve the bracketed part of the sentence.
The communities of ants are sometimes very large, (numbered) even upto 500 individuals: and it is a lesson to us that no one has ever yet seen quarrel between
any two ants belonging to the same community.

A) number	B) numerous
C) numbering	D) No improvement

Answer & Explanation Answer: C) numbering

Explanation:

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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 kept all your old letters.

A) Keeping of all your old letters has been done by me.	B) I keep your letters which have become old.
C) Your letters which have become old would be kept by me.	D) All your old letters have been kept by me.

Answer & Explanation Answer: D) All your old letters have been kept by me.

Explanation:

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Q:

Who was the Governor-General of India duringthe‘Sepoy Mutiny’?

A) Lord Dalhousie	B) Lord Harding
C) Lord Canning	D) Lord Lytton

Answer & Explanation Answer: C) Lord Canning

Explanation:

Lord Canning (1856-1862) was the Governor-General during the mutiny of 1857 (India’s first war of independence). After war he was made first Viceroy of India.

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Q:

15% of an alloy was silver. If in a quantity of alloy there was 51 g of silver, what was the quantity of the other elements in the alloy?

A) 204 g	B) 340 g
C) 300 g	D) 289 g

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