Questions

Q:

In terms of economics, if it is possible to make someone better­off without making someone worse­off, then the situation is

A) Inefficient B) Efficient
C) Optimal D) Pareto­superior
 
Answer & Explanation Answer: D) Pareto­superior

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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

Goods whose demand is proportional to price are called

A) inferior goods B) Veblen goods
C) normal goods D) exclusive goods
 
Answer & Explanation Answer: B) Veblen goods

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Q:

Algae belongs to which of the following levels of the ecosystem?

A) Decomposers B) Destructors
C) Producers D) Consumers
 
Answer & Explanation Answer: C) Producers

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Filed Under: Biology
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Q:

The richest source of Vitamin D from food is

A) Cotton seed oil B) Olive oil
C) Cod liver oil D) Sunflower oil
 
Answer & Explanation Answer: C) Cod liver oil

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Filed Under: Biology
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Q:

Manas National Park is in which state?

A) Orissa B) Maharashtra
C) Assam D) Sikkim
 
Answer & Explanation Answer: C) Assam

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Filed Under: Indian Geography
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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 express the same sentence in Indirect/Direct speech.

I said to my sister, "where were you this evening?"

 

A) I asked my sister where she was that evening. B) I asked my sister where she had been that evening.
C) I asked my sister where she was this evening. D) I asked my sister where she has been that evening.
 
Answer & Explanation Answer: B) I asked my sister where she had been that evening.

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The theoretical framework is finished by identifying indicators to be used in the ______ of the success of such policies.

 

A) evaluation B) completion
C) formation D) rotation
 
Answer & Explanation Answer: A) evaluation

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