Questions

Q:

For each perfectly competitive firm in the long run

A) price = marginal costs = average variable costs B) price = average profit
C) price = marginal costs = minimum average total costs D) price = minimum average variable costs
 
Answer & Explanation Answer: C) price = marginal costs = minimum average total costs

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Filed Under: Indian Economy
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Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases. B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases. D) if the price of a good increases, the quantity demanded of that good increases.
 
Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.

A) Artificial B) Nominal
C) Fixed D) Real
 
Answer & Explanation Answer: B) Nominal

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Q:

Zika virus which damages the brain of the foetus is

A) Mosquito borne B) Water borne
C) Air borne D) Food borne
 
Answer & Explanation Answer: A) Mosquito borne

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Filed Under: Biology
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Q:

From the given alternative words, select the word which cannot be formed using the letters of the given word :

ORGANISATION

A) GRANT B) NATION
C) GIANTS D) ORANGE
 
Answer & Explanation Answer: D) ORANGE

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Q:

The famous Sanchi Stupa was commissioned by

A) Bindusara B) Ashoka
C) Chandragupta Maurya D) Kanishka
 
Answer & Explanation Answer: B) Ashoka

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Filed Under: Indian History
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Q:

The work done in one complete revolution of the moon around the earth is equal to

A) centripetal force x radius of the orbit of the moon B) gravitational force x circumference of the orbit of the moon
C) gravitational force x diameter of the orbit of the moon D) zero
 
Answer & Explanation Answer: D) zero

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Filed Under: Physics
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