Questions

Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000 B) 10000
C) 15000 D) 12000
 
Answer & Explanation Answer: A) 20000

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Q:

Name the first Indian to get Nobel prize in economics.

A) Amartya Sen B) C V Raman
C) Mihir Sen D) Arun Shourie
 
Answer & Explanation Answer: A) Amartya Sen

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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:

Which level does macroeconomics focus on?

A) Government B) Business
C) Personal D) None
 
Answer & Explanation Answer: A) Government

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Q:

The pH value increase from 7 to 14 represents a

A) decrease in H+ ion concentration B) decrease in OH- ion concentration
C) increase in OH- ion concentration D) increase in H+ ion concentration
 
Answer & Explanation Answer: C) increase in OH- ion concentration

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Q:

Madhubani painting style is native to which state?

A) Orissa B) Andhra Pradesh
C) Bihar D) Madhya Pradesh
 
Answer & Explanation Answer: C) Bihar

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Q:

The major ingredient of sweetened soft drink is

A) Carbonated water B) Hydrochloric acid
C) Phosphoric acid D) Caffeine
 
Answer & Explanation Answer: A) Carbonated water

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Q:

Who among the following is the vice-chairman of NITI Aayog as of 2018?

A) Narendra Modi B) Ajit Tyagi
C) Rajiv Kumar D) Arving Panagariya
 
Answer & Explanation Answer: C) Rajiv Kumar

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