Questions

Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax B) Indirect tax
C) Straight tax D) Advance tax
 
Answer & Explanation Answer: A) Direct tax

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of B) equal to
C) double of D) less than
 
Answer & Explanation Answer: B) equal to

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Q:

If tea companies start using mechanised tea leave pickers

A) more people would want to work as tea leave pickers B) unemployment of tea leave pickers will decrease
C) more tea will be produced per acre D) then wages for manual tea leave pickers will fall
 
Answer & Explanation Answer: D) then wages for manual tea leave pickers will fall

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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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: “Health is Wealth” is a very old proverb however will be true forever for the humanity.
Q: A healthy person can perform any task however; a wealthy person who is suffering from untreatable disease can never buy a good health.
R: A healthy person (whether rich or poor) lives more happy and peaceful life than any rich person having a diseased body.
S: It indicates a very clear meaning that health is more significant for a person than the wealth.

A) SQRP B) QRPS
C) RPQS D) PSQR
 
Answer & Explanation Answer: D) PSQR

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Q:

Which of the following regions has the highest potential for wind energy?

A) The Deccan Plateau B) Gangetic planes
C) Western Ghats D) The Himalayas
 
Answer & Explanation Answer: C) Western Ghats

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