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

Explanation:

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Q:

Which is NOT an example of organism that breaks down the food material outside the body and then absorb it?

A) Bread moulds	B) Yeast
C) Mushrooms	D) Snake

Answer & Explanation Answer: D) Snake

Explanation:

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Q:

Lutheranism is an example of a christian

A) branch.	B) sect.
C) denomination.	D) religion.

Answer & Explanation Answer: C) denomination.

Explanation:

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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 General Equilibrium Analysis" was developed by

A) Marshall	B) Ricardo
C) Walras	D) Adam Smith

Answer & Explanation Answer: C) Walras

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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:

Whose ear Mike Tyson bite in professional boxing match in 1997 for the WBA Heavyweight Championship?

A) James Douglas	B) Evander Holyfield
C) Riddick Bowe	D) Michael Moorer

Answer & Explanation Answer: B) Evander Holyfield

Explanation:

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Q:

In the given Pie-chart, the comparative study of the production of Rice, Wheat, Sugar and Tea of a country is given. Study the Pie-Chart and answer the following questions.

From this diagram, the ratio of sum of wheat and sugar production to difference in production of rice and tea is

A) 4:5	B) 5:4
C) 6:1	D) 1:6

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