Questions

Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

Which of the following part of plant cell, is selectively permeable?

A) Cell wall B) Cell membrane
C) Cytoplasm D) Nucleus
 
Answer & Explanation Answer: B) Cell membrane

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Q:

NaCl is a salt which is made up of

A) Strong acid and weak base B) Weak acid and weak base
C) Strong acid and strong base D) Weak acid and strong base
 
Answer & Explanation Answer: C) Strong acid and strong base

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Q:

The number of valence electrons in an atom of Phosphorous is

A) 4 B) 3
C) 2 D) 5
 
Answer & Explanation Answer: D) 5

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Q:

A 5 kg object is raised through a height of 4 m. The work done by the force of gravity acting on the object is (take g = 10 m/s2)

 

A) 200j B) 20j
C) -20j D) -200j
 
Answer & Explanation Answer: D) -200j

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