Questions

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:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

Purchase of fixed assets on credit is originally recorded in

A) Purchases book B) Journal Proper
C) Cash book D) Ledger
 
Answer & Explanation Answer: B) Journal Proper

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Q:

Which  one  of  the  following  indices  is  now used  by  the  Reserve  Bank  of  India  to measure the rate of inflation in India?

A) NASDAQ Index B) BSE Index
C) Consumer Price Index D) Wholesale Price Index
 
Answer & Explanation Answer: C) Consumer Price Index

Explanation:

The  Wholesale  Price  Index  (WPI) was  main  index  for  measurement of  inflation  in  India  till  April  2014 when  RBI  adopted  new  Consumer Price   Index   (CPI)   as   the   key measure of inflation.

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

Which is the form of market where there is lack of competition?

A) Monopoly B) Oligopoly
C) Perfect competition D) Marketisation
 
Answer & Explanation Answer: A) Monopoly

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Q:

Fertilisation of sperm with the ovum takes place in

A) Uterus B) Cervix
C) Fallopian Tube D) Ovary
 
Answer & Explanation Answer: C) Fallopian Tube

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Very simply, a checklist is a list of items required, things to be done or points to be considered, used as a reminder. This is clear. Is the _______________ implication equally clear? Perhaps not. A checklist is purely objective, no _______________ is involved. That means, if the checklist is framed as a set ______ questions, the answer to every question can only be a binary “Yes” _______ “No” and nothing in between; no shades of grey. Such objectivity is the very antithesis of the education system today, both in the way teaching happens and in the ____________ of the student.

 

is framed as a set ______ questions, the answer

A) of B) off
C) for D) from
 
Answer & Explanation Answer: A) of

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