Questions

Q:

Nitrogen fixation is a process of

A) Assimilation of nitrate B) Utilisation of nitrogen gas
C) Conversion of organic nitrogen to proteins D) Conversion of molecular nitrogen to ammonia
 
Answer & Explanation Answer: C) Conversion of organic nitrogen to proteins

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Q:

The fat digesting enzyme Lipase is secreted by which of the following

A) Kidneys B) Pancreas
C) Large Intestine D) Liver
 
Answer & Explanation Answer: B) Pancreas

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Q:

The transport of soluble products of photosynthesis is called ______.

A) transpiration B) translocation
C) transportation D) concentration
 
Answer & Explanation Answer: B) translocation

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Q:

Which is NOT an example of organism that takes in whole food material and breaks it down inside its body?

 

A) Mushrooms   B) Fish  
C) Snake D) Lizards
 
Answer & Explanation Answer: A) Mushrooms  

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Q:

If the average total cost are Rs 54, total fixed cost is Rs 45000 and quantity produced is 2500 units, find the average variable costs (in Rs) of the firm?

A) 24 B) 18
C) 36 D) 60
 
Answer & Explanation Answer: C) 36

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Q:

From which of the following, is the GDP of a country not derived from?

A) Agricultural sector B) Industrial sector
C) International sector D) Service sector
 
Answer & Explanation Answer: C) International sector

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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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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