Questions

Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Q:

HDI is an aggregate measure of progress in which of the three dimensions?

A) Health, Education, Income B) Food Security, Employment, Income
C) Agriculture, Industry, Services D) Height, Weight, Colour
 
Answer & Explanation Answer: A) Health, Education, Income

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2 B) 1.2
C) -1.5 D) 1.5
 
Answer & Explanation Answer: A) -1.2

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Q:

Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.

A) top B) below
C) right D) left
 
Answer & Explanation Answer: B) below

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Q:

Non-metal oxides are usually

A) acidic B) amphoteric
C) neutral D) basic
 
Answer & Explanation Answer: A) acidic

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Q:

Which is the largest non-polar desert in the world?

A) Kalahari B) Gobi
C) Sahara D) Great Australian
 
Answer & Explanation Answer: C) Sahara

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Filed Under: Indian Geography
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Q:

The Lachman test is used to evaluate stability of the

A) Anterior cruciate ligament B) Iliotibial band
C) Pivot shift  D) None
 
Answer & Explanation Answer: A) Anterior cruciate ligament

Explanation:

The Lachman test is used to evaluate stability of the Anterior cruciate ligament.

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