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:

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:

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:

Which state topped the Urban Governance Index (UGI) - 2020?

A) Odisha B) Chhattisgarh
C) Kerala D) Tamil Nadu
 
Answer & Explanation Answer: A) Odisha

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

India has already made _________________ concessions to enable a consensus and successful outcome at Paris. Now it must ensure that it is not caught in a relentless ________________ process where each concession becomes an argument for making the next one. The post-Paris negotiations will determine more ____________ the shape of the climate change architecture for the next several decades. We _______________ ensure that India’s vital interests are safeguarded and the principle ____________ equity and equitable burden-sharing is reflected across this architecture.

 

India has already made _________________ concessions to enable a consensus

 

A) so much B) substantial
C) many D) a lot of
 
Answer & Explanation Answer: B) substantial

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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

The current ______________ in global negotiations over climate change has stalled progress on the issue.

 

A) intransigence B) fallacy
C) stalemate D) rigidity
 
Answer & Explanation Answer: C) stalemate

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Q:

In the following question, out of the four alternatives, select the alternative which will improve the bracketed part of the sentence. In case no improvement is needed, select "no improvement".

 

A monthly contribution by the boy's elder brother (have made) this move possible.

 

A) had make B) had made
C) had making D) no improvement
 
Answer & Explanation Answer: B) had made

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