Questions

Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24 B) 18
C) 36 D) 60
 
Answer & Explanation Answer: C) 36

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Q:

Buying and Selling products are examples of

A) investing activities. B) operating activities.
C) delivering activities. D) financing activities.
 
Answer & Explanation Answer: B) operating activities.

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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’.

Critics of television often (1)/ focus on the prevalent of (2)/ violence in today’s programmes. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

Union Cabinet approves amendments in M-SIPS to attract investment in electronics manufacturing. What is the full form of M-SIPS?

 

A) Modified Sustainable Investment Package Scheme B) Modified Special Information Package Scheme
C) Modified Special Incentive Package Scheme D) Modern Socialist Incentive Package Scheme
 
Answer & Explanation Answer: C) Modified Special Incentive Package Scheme

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Q:

In November 2017, a report titled ‘Credit Suisse Global Wealth Report’ was released. As per this report, what was approximate total household wealth of India?

 

A) $ 5 Trillion B) $ 1 Trillion
C) $ 10 Trillion D) $ 15 Trillion
 
Answer & Explanation Answer: A) $ 5 Trillion

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Q:

1 pascal equals 1 ________________.

A) N m2 B) N m-2
C) N m D) N m-1
 
Answer & Explanation Answer: B) N m-2

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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.

 

Preeti said to her friend, "I am like my mother."

 

A) Preeti told her friend that she was like her mother. B) Preeti told her friend that I was like her mother.
C) Preeti tells her friend that she is like her mother. D) Preeti tells her friend that that she was like her mother.
 
Answer & Explanation Answer: A) Preeti told her friend that she was like her mother.

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