Questions

Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.
Don’t loiter _____ the corridor.

A) around B) off
C) of D) at
 
Answer & Explanation Answer: A) around

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Q:

According to the law of diminishing marginal utility, as the amount of a good consumed increases, the marginal utility of that good tends to 

A) improve B) diminish
C) remain constant D) first diminish and then improve
 
Answer & Explanation Answer: B) diminish

Explanation:

Economists use the concept of marginal utility to measure happiness and pleasure and how that affects consumer decision making. They have also identified the law of diminishing marginal utility, which means that the first unit of consumption of a good or service has more utility than the next units of consumption.Hence, the marginal utility of the good diminishes as the amount of good consumed increases.

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Q:

"The General Equilibrium Analysis" was developed by

A) Marshall B) Ricardo
C) Walras D) Adam Smith
 
Answer & Explanation Answer: C) Walras

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Q:

The economic way of thinking stresses that

A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits. B) changes in personal costs and benefits generally fail to exert much impact on behavior.
C) if a good is provided by the government, its production will not consume valuable scarce resources. D) if one individual gains from an economic activity, then someone else must lose and in the same proportion.
 
Answer & Explanation Answer: A) incentives matter--individuals respond in predictable ways to changes in personal costs and benefits.

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Q:

Which of the following is man-made fibre?

A) Cotton B) Wool
C) Silk D) Nylon
 
Answer & Explanation Answer: D) Nylon

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Filed Under: General Science
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Q:

Who is the the present (March 2018) Prime Minister of Pakistan?

A) Mamnoon Hussain B) Shahid Khaqan Abbasi
C) Muhammad Nawaz Sharif   D) Yousaf Raza Gillani
 
Answer & Explanation Answer: B) Shahid Khaqan Abbasi

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Q:

Who is the new Director of Film and Television Institute of India (FTII)

A) Prashant Pathrabe B) Amol Palekar
C) Shabana Azmi D) Bhupendra Kainthola
 
Answer & Explanation Answer: D) Bhupendra Kainthola

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Q:

The first Field Marshall of India was

A) A. S. Vaidya B) K.M. Cariappa
C) Sunderji D) S.H.F.J. Manekshaw
 
Answer & Explanation Answer: D) S.H.F.J. Manekshaw

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