Questions

Q:

The demand for a normal good decreases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.


Equally disappointing is the court's ________________, one-paragraph dismissal of the claim that criminal ________________ creates a chilling effect upon speech. Such proclamations are easy _______________ from the high, secure, and insulated bench of the Supreme Court. It is journalists and newspapers, fighting hundreds of _____________ cases in court, _______________ have to deal with the very real consequences.


Such proclamations are easy _______________ from the high

A) making B) made
C) for making D) to make
 
Answer & Explanation Answer: D) to make

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select ‘No Error’.

 

A business venture or one’s own personal life has greater chances (1)/ of experiencing success and fulfillment, (2)/ if the outlook is more temperate to indifferent or radical. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the “No error” option.

The tour (A) / of the campus (B) / was so good (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: C) C

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Q:

In the following questions, one part of the sentence may have an error. Find out which part of the sentence has an error and click the button corresponding to it. If the sentence is free from error, click the “No error” option.

He is a saint (A) / and as such (B) / must be respected (C) / No Error (D)

A) A B) B
C) C D) D
 
Answer & Explanation Answer: D) D

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