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

Explanation:

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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.

Explanation:

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Q:

Which of the following is NOT a radioactive element?

A) Uranium	B) Plutonium
C) Titanium	D) Thorium

Answer & Explanation Answer: C) Titanium

Explanation:

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Filed Under: Chemistry
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Q:

Who is the new Director of Film and Television Institute of India (FTII)

A) Prashant Pathrabe	B) Amol Palekar
C) Shabana Azmi	D) Bhupendra Kainthola

Answer & Explanation Answer: D) Bhupendra Kainthola

Explanation:

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Filed Under: General Awareness
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Q:

Which of the following will cause an increase in the demand for coffee?

A) Price of coffee falling in foreign markets	B) Coffee prices are expected to fall rapidly in domestic markets
C) Average income falls in the country	D) Increase in price of tea

Answer & Explanation Answer: D) Increase in price of tea

Explanation:

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Q:

The number of parliamentary seats (Lok Sabha) of Kerala is _______.

A) 2	B) 13
C) 20	D) 25

Answer & Explanation Answer: C) 20

Explanation:

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Filed Under: Indian Politics
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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'.

I am better(A)/adapted to the(B)/climate than you.(C)/No error(D)

A) A	B) B
C) C	D) D

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