Questions

Q:

A commodity market has a _________ structure, if there is one seller of the commodity, the commodity has no substitute, and entry into the industry by another firm is prevented.

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

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Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium B) Excess Demand
C) Excess Supply D) Marginal Revenue
 
Answer & Explanation Answer: C) Excess Supply

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Q:

For a certain shoe factory the fixed costs are Rs 200,000, selling price is Rs 2000 per pair of shoes and variable cost is Rs 1200 per pair, what is the breakeven quantity?

A) 100 B) 62.5
C) 167 D) 250
 
Answer & Explanation Answer: D) 250

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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 expresses the same sentence in Indirect/Direct speech.
The teacher said to the student, "Have you brought your lunch?"

A) The student was asked by the teacher about bringing his lunch. B) The teacher asked the student if he would be bringing his lunch.
C) The teacher asked the student if he had brought his lunch. D) The teacher asked the student if he has brought his lunch.
 
Answer & Explanation Answer: C) The teacher asked the student if he had brought his lunch.

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Filed Under: English
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Q:

Which is the CORRECT pair of inherited chromosomes for the child to be a girl?

A) X from father and Y from mother B) Y from father and X from mother
C) Y from father and Y from mother D) X from father and X from mother
 
Answer & Explanation Answer: D) X from father and X from mother

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Filed Under: Biology
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Q:

Which of the following has open vascular system?

A) Cockroach B) Human
C) Rat D) Birds
 
Answer & Explanation Answer: A) Cockroach

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Filed Under: Biology
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Q:

The disease cirrhosis affects which organ in the body?

A) Brain B) Liver
C) Heart D) Kidney
 
Answer & Explanation Answer: B) Liver

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Filed Under: Biology
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Q:

 Government has announced to fix MSP at a level of at least ________________ per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19. 

A) 50 per cent  B) 250 per cent 
C) 200 per cent  D) 100 per cent 
 
Answer & Explanation Answer:

Explanation:

Government has announced its historic decision on 04.07.2018 to fix MSP at a level of at least 150 per cent of the cost of production for kharif crops 2018-19 which redeems the promise made in the Union Budget for 2018-19.The MSPs fixed by Government, cost and returns over all-India weighted average cost of production of crops for 2017-18 and 2018-19 is at Annexure.Cost of production varies in different states on account of difference in levels of irrigation, resource endowment, farm mechanization, land holding size, yield of crops etc. 

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