Q:

Which one of the following statements is not correct?

A) When total utility is maximum, marginal utility is zero	B) When total utility is decreasing, marginal utility is negative
C) When total utility is increasing, marginal utility is positive	D) When total utility is maximum,marginal and average utility are equal to each other.

Answer & Explanation Answer: D) When total utility is maximum,marginal and average utility are equal to each other.

Explanation:

Total utility -It is total psychological satisfaction which a consumer derives from the consumption of a commodity is known as total utility

Marginal utility -It is anaddition made in total utility by consuming and additional unit of a commodity is known as marginal utility.

•When marginal utility is positive,total utility increases

•When marginal utility is zero,total utility is at maximum

•When marginal utility is negative,total utility decreases

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

Explanation:

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Q:

Select the INCORRECT set of Molecular Formula - IUPAC Name - Common Name from the following options.

A) C4H9OH	B) C2H3OH - Methanol - Methyl Alcohol
C) C2H5OH - Ethanol - Ethyl Alcohol	D) C3H7OH - Propanal - Propyl Alcohol

Answer & Explanation Answer: B) C2H3OH - Methanol - Methyl Alcohol

Explanation:

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Filed Under: Chemistry
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Q:

Which of the following is called Aurum?

A) Bronze	B) Gold
C) Silver	D) Copper

Answer & Explanation Answer: B) Gold

Explanation:

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Filed Under: Chemistry
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Q:

Two or more elements combine to form a

A) atom	B) valency
C) compound	D) radical

Answer & Explanation Answer: C) compound

Explanation:

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Filed Under: Chemistry
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Q:

In each of the questions, four alternatives are given for the Idiom/Phrase. Choose the alternative which best expresses the meaning of the Idiom/Phraseand click the button corresponding to it.

Fish out of water

A) Dehydrated	B) Comfortable position
C) An uncomfortable position	D) Fish in an aquarium

Answer & Explanation Answer: C) An uncomfortable position

Explanation:

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Filed Under: English
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Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods	B) Capital goods
C) Veblen goods	D) Giffen goods

Answer & Explanation Answer: D) Giffen goods

Explanation:

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Q:

If demand curve for racing cycles is D = 80200 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units	B) 31220 units
C) 8750 units	D) 41720 units

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