Questions

Q:

What is the technology used in a compact disc?

A) Electrical B) Laser
C) Electro magnetic D) Aeronautical
 
Answer & Explanation Answer: B) Laser

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Q:

Where did Lord Buddha deliver his first sermon?

A) Lumbini B) Bodh Gaya
C) Sarnath D) Kushinagar
 
Answer & Explanation Answer: C) Sarnath

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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:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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Q:

Mandu festival is celebrated in which state?

A) Odisha B) Madhya Pradesh
C) Gujarat D) Andhra Pradesh
 
Answer & Explanation Answer: B) Madhya Pradesh

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Q:

The summer capital of J&K Government is

A) Jammu B) Srinagar
C) Gulmarg D) Anantnag
 
Answer & Explanation Answer: B) Srinagar

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Q:

Myopia is a defect of eyes which is also known as

A) Far Sightedness B) Near Sightedness
C) Astigmatism D) Night Blindness
 
Answer & Explanation Answer: B) Near Sightedness

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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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