Questions

Q:

A beedi making workshop can hire 5 women by paying them Rs. 300 per day. The 6th woman demands Rs. 350 per day. If this woman is hired then all other women must be paid Rs. 350. The marginal resource (labour) cost of the 6th woman is

A) Rs. 600 B) Rs. 50
C) Rs. 300 D) Rs. 100
 
Answer & Explanation Answer: A) Rs. 600

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24 B) 18
C) 36 D) 60
 
Answer & Explanation Answer: C) 36

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?

A) Rs 52500 B) Rs 127500
C) Rs 180000 D) Rs 60000
 
Answer & Explanation Answer: A) Rs 52500

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

Preeti said to her friend, "I am like my mother."

 

A) Preeti told her friend that she was like her mother. B) Preeti told her friend that I was like her mother.
C) Preeti tells her friend that she is like her mother. D) Preeti tells her friend that that she was like her mother.
 
Answer & Explanation Answer: A) Preeti told her friend that she was like her mother.

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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.

 

India has already made _________________ concessions to enable a consensus and successful outcome at Paris. Now it must ensure that it is not caught in a relentless ________________ process where each concession becomes an argument for making the next one. The post-Paris negotiations will determine more ____________ the shape of the climate change architecture for the next several decades. We _______________ ensure that India’s vital interests are safeguarded and the principle ____________ equity and equitable burden-sharing is reflected across this architecture.

 

India has already made _________________ concessions to enable a consensus

 

A) so much B) substantial
C) many D) a lot of
 
Answer & Explanation Answer: B) substantial

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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.

 

Once ______________, it is that time of the year when the examination results season may be just ending and the admissions season is in progress, and marked by a _________________ of two contradictory voices — often from the same people — that rose to deafening ____________ from April to May when the results of various school boards _________________. The first voice __________________ those who succeeded and did wondrously well.

 

rose to deafening ____________ from April to May

 

A) level B) levels
C) height D) crescendos
 
Answer & Explanation Answer: B) levels

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

A monthly contribution by the boy's elder brother (have made) this move possible.

 

A) had make B) had made
C) had making D) no improvement
 
Answer & Explanation Answer: B) had made

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