Q:

Which among the following is an example of micro-economic variable?

A) National Income	B) Aggregate Supply
C) Employment	D) Consumer's Equilibrium

Answer & Explanation Answer: D) Consumer's Equilibrium

Explanation:

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Q:

____________ is the relationship between the variable input and output, keeping all other inputs are held constant.

A) Total product	B) Average product
C) Isoquant	D) The Long Run

Answer & Explanation Answer: A) Total product

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product	B) Law of variable proportions
C) The Short Run	D) The Long Run

Answer & Explanation Answer: B) Law of variable proportions

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Q:

A manufacturer faces price elasticity of demand of a 1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent	B) 7.65 percent
C) 8 percent	D) 5.12 percent

Answer & Explanation Answer: C) 8 percent

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Q:

Involuntary muscles are controlled by the

A) Central nervous system	B) Autonomic nervous system
C) Peripheral nervous system	D) All the above

Answer & Explanation Answer: B) Autonomic nervous system

Explanation:

Involuntary muscles are the muscles which contract without conscious control whereas Voluntary muscles are the muscles that help you walk, talk, pick up things, jump and do all the basic or complex movements you do everyday with your consciousness.

* The contraction in the involuntary muscles is controlled by the autonomic nervous system. These are present in the walls of the digestive system, blood vessels, bronchi, uterus and bladder.

* Voluntary muscles are mostly located in the arms ,legs ,hands, and feet.

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Filed Under: Biology
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Q:

What are the organs similar in basic structure/shape, modified to perform different functions called?

A) Analogous organs	B) Homologous organs
C) Heterogeneous organs	D) Homogenous organs

Answer & Explanation Answer: B) Homologous organs

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Filed Under: Biology
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Q:

Which hormone is released from the testes?

A) Insulin	B) Testosterone
C) Thyroxin	D) Estrogen

Answer & Explanation Answer: B) Testosterone

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Filed Under: Biology
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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 asentence is free from error, select 'No Error'.

She picked (1)/ on the (2)/ trail soon after. (3)/ No error (4)

A) 1	B) 2
C) 3	D) 4

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