Questions

Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Calculate the economic profit for a firm if its total revenues are Rs 180 crores, explicit costs are Rs 95 crores, and implicit costs are Rs 25 crores.

A) Rs 110 crores B) Rs 300 crores
C) Rs 60 crores D) Rs 250 crores
 
Answer & Explanation Answer: C) Rs 60 crores

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Q:

Which of the following is false?

A) Hydrogen atom is roughly a third of the mass of tritium B) Deuterium is called heavy hydrogen
C) Deuterium atom has 1 neutron D) Protium is the rarest isotope of hydrogen
 
Answer & Explanation Answer: D) Protium is the rarest isotope of hydrogen

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Q:

What is the Greenhouse Effect?

A) The fall in population of plants due to human activity B) It is the warming of earth's surface due to its atmosphere
C) The polluting effect of burning fossil fuels D) The heating of the atmosphere due to depletion of the ozone layer
 
Answer & Explanation Answer: B) It is the warming of earth's surface due to its atmosphere

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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 theappropriate option. If a sentence is free from error, select 'No Error'.

She was (1)/ quite amusing (2)/ at that story. (3)/ No error (4)

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

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Q:

Which of the following is a Block Mountain?

A) Vosges B) Black forest
C) Sierra Nevada D) All options are correct
 
Answer & Explanation Answer: D) All options are correct

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Q:

What is an octroi ?

A) Tax B) Tax collection centre
C) Tax processing centre D) Tax information centre
 
Answer & Explanation Answer: A) Tax

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: B) Monopoly

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