Questions

Q:

If a perfectly competitive firm can increase its profits by increasing its output, then that firm's product's _____.

A) price exceeds its marginal costs B) price exceeds its average total costs
C) average variable costs exceed its average total costs D) fixed costs are zero
 
Answer & Explanation Answer: A) price exceeds its marginal costs

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Q:

A growing country is one with ___________ there.

A) rising GNP at constant prices B) rising GNP at current prices
C) constant GNP at constant prices D) No option is correct
 
Answer & Explanation Answer: A) rising GNP at constant prices

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Q:

Read each sentence to find out whether there is any error in any underlined part and indicate your response in the Answer Sheet against the corresponding letter i.e., (a) or (b) or (c). If you find no error, your response should be indicated as (d).

A) Every student B) should be asked to give
C) their ideas on the subject. D) No error
 
Answer & Explanation Answer: C) their ideas on the subject.

Explanation:

Error is in third part. Every, each, either, neither are adjectives that are always followed by a singular pronoun. Every being singular takes singular subject. Therefore ‘their ideas’ should be replaced with’ his/her idea’.

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Q:

In accordance to the Construction, Protection of Life and Personal Liberty is granted under which Article?

A) Article 20 B) Article 21
C) Article 22 D) Article 23
 
Answer & Explanation Answer: B) Article 21

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Q:

The data collected from which one of the following methods is not a primary data?

A) By direct personal interviews B) By indirect personal interviews
C) By schedules sent through enumerators D) From published thesis
 
Answer & Explanation Answer: D) From published thesis

Explanation:
Primary data is information that you collect specifically for the purpose of your research project.
An advantage of primary data is that it is specifically tailored to your research needs. A disadvantage is that it is expensive to obtain.
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Q:

The International Cricket Council (ICC), the international governing body of Cricket founded by 1909 by

A) International Cricket Conference B) International Cricket Council
C) Imperial Cricket Council D) Imperial Cricket Conference
 
Answer & Explanation Answer: D) Imperial Cricket Conference

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Q:

Which male cricketer has been appointed as the UNICEF and Cricket for Good ambassador for the ICC Women's Cricket World Cup 2017?

A) Sachin Tendulkar B) Shane Warne
C) Clive Lloyd D) Brian Lara
 
Answer & Explanation Answer: D) Brian Lara

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Q:

One of the earliest explorers who visited India was Megasthenes. Which country did he hail from?

A) Spain B) Italy
C) Greece D) Egypt
 
Answer & Explanation Answer: C) Greece

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