Questions

Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

Calculate the economic profit for a firm if it's total revenues are Rs. 35 crores, explicit costs are Rs. 7 crores, and implicit costs are Rs. 10 crores.

A) Rs. 32 crores B) Rs. 52 crores
C) Rs. 18 crores D) Rs. 38 crores
 
Answer & Explanation Answer: C) Rs. 18 crores

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Q:

Under GST regime, in ‘Composition Scheme’, taxpayers have to fill returns ______.

A) Monthly B) Half-yearly
C) Quarterly D) Bi-Monthly
 
Answer & Explanation Answer: C) Quarterly

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

Find the odd words / letters / numbers from the given alternatives .

A) ACEG B) IKMO
C) FHJL D) TUWY
 
Answer & Explanation Answer: D) TUWY

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Q:

In the following question, select the odd letter/letters from the given alternatives

A) RTV B) HJL
C) KMP D) BDF
 
Answer & Explanation Answer: C) KMP

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Q:

Who devised the policy of Doctrine of Lapse?

A) Lord Curzon B) Lord Mountbatten
C) Lord Dalhousie D) Robert Clive
 
Answer & Explanation Answer: C) Lord Dalhousie

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Filed Under: Indian History
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