Questions

Q:

___________ is an alternative way of representing the production function.

A) The Short Run B) The Long Run
C) Isoquant D) Average product
 
Answer & Explanation Answer: C) Isoquant

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

Full employment is the level at which there is _____.

A) no frictional unemployment B) no cyclical unemployment
C) no structural unemployment D) no unemployment
 
Answer & Explanation Answer: B) no cyclical unemployment

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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price B) Commodities are bought and sold at retail price
C) Securities are bought and sold D) None of these
 
Answer & Explanation Answer: C) Securities are bought and sold

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Q:

Which of following is true if the Government monetized part of its deficit?

A) Money supply in the economy will increase. B) Interest rate will increase.
C) Government revenue will decrease. D) Government expenditure will increase.
 
Answer & Explanation Answer: A) Money supply in the economy will increase.

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Q:

What is the name of the point at which the chromatids are attached in a chromosome?

A) Centrosome B) Centromere
C) Nucleosome D) Gene
 
Answer & Explanation Answer: B) Centromere

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Q:

When milk becomes sour, ___ is produced.

A) Lactose B) Lactic acid
C) Salicylic acid D) Linoleic acid
 
Answer & Explanation Answer: B) Lactic acid

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Q:

The question below consists of a set of labelled sentences. These sentences, when properly sequenced form a coherent paragraph. Select the most logical order of sentences from among the options.

 

P: We can be kind to human beings who need our help.
Q: Kindness is a quality that human beings show in various ways.
R: We can also be kind to other life forms like dogs, cats and other pets and domesticated animals, and to wildlife like birds and animals.
S: We can be kind to our family members, relatives, friends and neighbours.

A) QPSR B) QPRS
C) PQSR D) PQRS
 
Answer & Explanation Answer: A) QPSR

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