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.

Explanation:

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Q:

Which of the following is NOT a radioactive element?

A) Uranium	B) Plutonium
C) Titanium	D) Thorium

Answer & Explanation Answer: C) Titanium

Explanation:

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Filed Under: Chemistry
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
Don’t loiter _____ the corridor.

A) around	B) off
C) of	D) at

Answer & Explanation Answer: A) around

Explanation:

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Filed Under: English
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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

Explanation:

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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.

Explanation:

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Filed Under: Indian Culture
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Q:

Which of the following is man-made fibre?

A) Cotton	B) Wool
C) Silk	D) Nylon

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