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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Filed Under: Indian Economy
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Q:

Goods whose demand is proportional to price are called

A) inferior goods B) Veblen goods
C) normal goods D) exclusive goods
 
Answer & Explanation Answer: B) Veblen goods

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Q:

Which of the following is not correct?

A) Members of Chlorophyceae are commonly called green algae B) Members of Phaeophyceae are commonly called red algae
C) Members of Rhodophyceae are commonly called red algae D) Members of Phaeophyceae are commonly called brown algae
 
Answer & Explanation Answer: B) Members of Phaeophyceae are commonly called red algae

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Filed Under: Biology
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Q:

The body of all complex animals consist of only _______ basic types of tissue(s).

A) 4000 B) 400
C) 40 D) 4
 
Answer & Explanation Answer: D) 4

Explanation:
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Filed Under: Biology
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Q:

Which of the following is not true about a Demand Draft?

A) It is a negotiable instrument. B) It is a banker's cheque.
C) It may be dishonoured for lack of funds. D) It is issued by a bank.
 
Answer & Explanation Answer: C) It may be dishonoured for lack of funds.

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Q:

The chemical formula of Propane is

A) C3H8 B) C4H10
C) C2H6 D) CH4
 
Answer & Explanation Answer: A) C3H8

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Filed Under: Chemistry
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Q:

Blotting paper absorbs ink due to

A) Coarse nature of paper B) Osmosis
C) Capillary action D) Siphoning
 
Answer & Explanation Answer: C) Capillary action

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Filed Under: Chemistry
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Q:

What is the capital of Ireland?

A) Brussels B) Helsinki
C) Ottawa D) Dublin
 
Answer & Explanation Answer: D) Dublin

Explanation:
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Filed Under: Indian Geography
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