Questions

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:

If the average total cost are Rs 2400, average variable cost is Rs 1700 and quantity produced is 75 units, find the total fixed costs of the firm?

A) Rs 52500 B) Rs 127500
C) Rs 180000 D) Rs 60000
 
Answer & Explanation Answer: A) Rs 52500

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Q:

Which of the following best defines disposable income?

A) income received by households less personal taxes B) the before-tax income received by households
C) all income earned by resource suppliers for their current contributions to production D) the market value of the annual output net of consumption of fixed capital
 
Answer & Explanation Answer: A) income received by households less personal taxes

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Q:

In the following question, four number pairs are given. The number on left side of (–) is related to the number of the right side of (–) with someLogic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives.

A) 7 – 49 B) 2 – 4
C) 5 – 25 D) 3 – 39
 
Answer & Explanation Answer: D) 3 – 39

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Q:

Victoria Memorial in Kolkata was proposed to be built by

A) Lord Canning B) George Curzon
C) William Hastings D) Lord William Bentinck
 
Answer & Explanation Answer: B) George Curzon

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Q:

Which of the following countries has built the world's biggest air purifier, a 328 feet high tower, to combat air pollution?

 

A) Germany B) India
C) Australia D) China
 
Answer & Explanation Answer: D) China

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Q:

Who fought Ahmad Shah Abdali at the third battle of Panipat?

A) Mughals B) Lodhis
C) Marathas D) Khiljis
 
Answer & Explanation Answer: C) Marathas

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Q:

Who is the author of the Indian English Novel 'Sita : Warrior of Mithila' published in

A) Amish Tripathi B) Rahul Mehta
C) Chetan Bhagat D) Robin Sharma
 
Answer & Explanation Answer: A) Amish Tripathi

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