Questions

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:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

Calculate a country's GDP if for the year, consumer spending is $900 million, government spending is $250 million, investment by businesses is $180 million, exports are $85 million and imports are $100 million.

A) $1345 million B) $1315 million
C) $955 million D) $815 million
 
Answer & Explanation Answer: B) $1315 million

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Q:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

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Q:

The number of valence electrons in an atom of Phosphorous is

A) 4 B) 3
C) 2 D) 5
 
Answer & Explanation Answer: D) 5

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Q:

In the given question, a statement divided into different segments is given. The first segment is fixed, rearrange the other segments to form a coherent statement.

The federation was keen on maintaining an/ exclusive membership profile and thus introduced (P)/ segregational policies adopted by premier organizations (Q)/ an invite- only policy for the new entrants (R)/ causing a sudden outcry against the (S)

A) PRSQ B) SRPQ
C) PQRS D) QSRP
 
Answer & Explanation Answer: A) PRSQ

Explanation:

'an' at the end of the first fixed segment indicates that Q, R and S can't follow the first segment. This leaves us with only one choice i.e. P. This eliminates options 2, 4, and 5.

There are only two such options: option A1and 3. Option 3 can be eliminated since part S ends with 'the' which can't be used as the end of the master statement. Hence, the correct sequence is PRSQ

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Q:

Which state topped the Urban Governance Index (UGI) - 2020?

A) Odisha B) Chhattisgarh
C) Kerala D) Tamil Nadu
 
Answer & Explanation Answer: A) Odisha

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Q:

Article 222 of the Indian Constitution "Transfer of a Judge from one High Court to another" deals with?

A) the directive principles of state policy B) the Union Government
C) the State Government D) the fundamental rights of the Indian Citizen
 
Answer & Explanation Answer: C) the State Government

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