Questions

Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phrase
and click the button corresponding to it.
Turned down

A) Subject B) Object
C) Reject D) Deject
 
Answer & Explanation Answer: C) Reject

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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: Very seldom do we actually go out and do something, which is beneficial to the society without thinking of our own side benefit of it.
Q: This is something that we have been falling short of.
R: Every society must develop in its people a social responsibility.
S: We are very individualistic and don’t relate ourselves to our society as such.

A) RQSP B) QRSP
C) QSRP D) QPRS
 
Answer & Explanation Answer: A) RQSP

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Q:

Which of the following regions has the highest potential for wind energy?

A) The Deccan Plateau B) Gangetic planes
C) Western Ghats D) The Himalayas
 
Answer & Explanation Answer: C) Western Ghats

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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