Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Q:

If a country devalues its currency, its _______________

A) Exports become cheaper and imports become costlier B) Exports become costlier and imports become cheaper.
C) Exports value is equivalent to imports value D) No effect on exports and imports
 
Answer & Explanation Answer: A) Exports become cheaper and imports become costlier

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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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.

 

The teacher said to the student,"Why were you absent yesterday?"

A) The teacher asked the student why had been he absent the previous day. B) The teacher asked the student why had he been absent the previous day.
C) The teacher informed the student that why he had been absent the next day. D) The teacher asked the student why he had been absent the previous day.
 
Answer & Explanation Answer: D) The teacher asked the student why he had been absent the previous day.

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Filed Under: English
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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'.

The plane was too(A)/ far away that it was(B)/just a dot in the sky.(C)/No error(D)

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

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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.

 

Veer said, "I was playing football".

A) Veer said he had been playing football. B) Veer said he was playing football.
C) Veer said that, that he was playing football. D) Veer said that he had been playing football.
 
Answer & Explanation Answer: D) Veer said that he had been playing football.

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Q:

In the following question, sentence given with blank is to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
On the trip, we needed a guide to ____________ the foreign language for us.

A) describe B) illustrate
C) mimic D) interpret
 
Answer & Explanation Answer: D) interpret

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