Questions

Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

A shop keeper cheats to the extent of 10% while buying and selling fruits, by using tampered weights. His total gain, in %, is:

A) 21 B) 24
C) 22 D) 23
 
Answer & Explanation Answer: A) 21

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Q:

Who built the Group of Monuments at Mahabalipuram?

A) Chola Kings B) Pallava Kings
C) Chera Kings D) Chalukya Kings
 
Answer & Explanation Answer: B) Pallava Kings

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Q:

Who among the following was NOT one of the 'Nine Gems' of Emperor Akbar's court?

A) Raja Todar Mal B) Fakir Aziao-Din
C) Abu'l-Fazil ibn Mubarak D) Osman Ali Khan
 
Answer & Explanation Answer: D) Osman Ali Khan

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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".

They loaded their ships with spices and silks and (returns) with the summer monsoon.

A) returned B) return
C) returning D) No improvement
 
Answer & Explanation Answer: A) returned

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