Questions

Q:

All of the following are true about ecosystems except

A) they represent the lowest level of biological organization that is known B) there is a transfer of energy through the system and it is lost
C) the ultimate source of energy is the sun for nearly all known ecosystems  D) they contain both living and nonliving components
 
Answer & Explanation Answer: A) they represent the lowest level of biological organization that is known

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Q:

What is the name of world’s first artificial intelligence politician developed by New Zealand?

A) NICK B) PAUL
C) SAM D) TOM
 
Answer & Explanation Answer: C) SAM

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Q:

In November 2017, second phase of ‘Bharat Net Project’ was launched. How much is its approximate outlay?

 

A) Rs 55,000 crore B) Rs 10,000 crore
C) Rs 20,000 crore D) Rs 34,000 crore
 
Answer & Explanation Answer: D) Rs 34,000 crore

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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea. B) will reduce unemployment of tea leave pickers.
C) decreases unemployment. D) will increase picking cost for all tea companies.
 
Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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Q:

Which of the following is done at a Stock Exchange ?

A) Commodities are bought and sold at wholesale price B) Commodities are bought and sold at retail price
C) Securities are bought and sold D) None of these
 
Answer & Explanation Answer: C) Securities are bought and sold

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Q:

___________ is an alternative way of representing the production function.

A) The Short Run B) The Long Run
C) Isoquant D) Average product
 
Answer & Explanation Answer: C) Isoquant

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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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Q:

If for the year a country's GDP was $ 1315 million, consumer spending was $900 million, investment by businesses was $180 million, exports were $85 million and imports were $100 million, calculate government spending?

A) $220 million B) $250 million
C) $580 million D) $610 million
 
Answer & Explanation Answer: B) $250 million

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