Questions

Q:

__________ says that if we keep increasing the employment of an input, with other inputs fixed, eventually a point will be reached after which the resulting addition to output (i.e., marginal product of that input) will start falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: A) Law of diminishing marginal product

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: This would bring a sense of closure to an issue that has seen about two decades of wrangling.
Q: By clearing the path for 49 percent foreign investment in Air India (AI), the Centre has finally decided to push ahead on its privatisation.
R: While the parliamentary standing committee on AI privatisation is yet to express its views, a sort of political consensus appears to be close at hand.
S: There cannot be a more opportune time to push ahead with disinvestment; this, ironically, is despite the fact that the airline has improved its operational  performance.

A) SPQR B) PSQR
C) QPRS D) PRQS
 
Answer & Explanation Answer: C) QPRS

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Q:

A shop keeper earns a profit of 12% on selling a book at 10% discount on the printed price. The ratio of cost price to the printed price of the book is

A) 45:56 B) 50:61
C) 99:125 D) None of these
 
Answer & Explanation Answer: A) 45:56

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Q:

Which famous film actress and celebrity won the PETA 'Person of the Year' award in 2017?

A) Anushka Sharma B) Priyanka Chopra
C) Alia Bhatt D) Deepika Padukone
 
Answer & Explanation Answer: A) Anushka Sharma

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Q:

Which leader adopted Orthodox Christianity as the official religion of Russia?

A) Vladmir the Great B) Micheal Romanav
C) Ivan IV D) Boris Godunov
 
Answer & Explanation Answer: A) Vladmir the Great

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Q:

Arrange the following words as per order in the dictionary and then choose the one which comes last.

A) Qualify B) Quarter
C) Quarrel D) Quaver
 
Answer & Explanation Answer: D) Quaver

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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Q:

The goal of expansionary fiscal policy is to increase

A) Unemployment B) The price level
C) Aggregate supply D) Real GDP
 
Answer & Explanation Answer: D) Real GDP

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