Questions

Q:

Name the first Indian to get Nobel prize in economics.

A) Amartya Sen B) C V Raman
C) Mihir Sen D) Arun Shourie
 
Answer & Explanation Answer: A) Amartya Sen

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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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:

The major ingredient of sweetened soft drink is

A) Carbonated water B) Hydrochloric acid
C) Phosphoric acid D) Caffeine
 
Answer & Explanation Answer: A) Carbonated water

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Q:

In a triangle ABC, AB = 8 cm, AC = 10 cm and ∠B = 90°, then the area of ΔABC is

A) 49 sq.cm B) 36 sq.cm
C) 25 sq.cm D) 24 sq.cm
 
Answer & Explanation Answer: D) 24 sq.cm

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Q:

In November 2017, a report titled ‘Credit Suisse Global Wealth Report’ was released. As per this report, what was approximate total household wealth of India?

 

A) $ 5 Trillion B) $ 1 Trillion
C) $ 10 Trillion D) $ 15 Trillion
 
Answer & Explanation Answer: A) $ 5 Trillion

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Q:

Who has been appointed as the chairman of the State Bank of India (SBI) after Arundati Bhattacharya retired?

A) Rana Kapoor B) Kishor Kharat
C) Rajnish Kumar D) K Venkataraman
 
Answer & Explanation Answer: C) Rajnish Kumar

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Q:

Which layer of earth is liquid?

A) inner core B) outer mantle
C) outer core D) crust
 
Answer & Explanation Answer: C) outer core

Explanation:

 The crust and the inner core are solid, whereas the outer core and inner mantle are liquid. The outer mantle is semi solid.

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