Questions

Q:

The goods which people consume more, when their price rises are called _______.

A) Essential goods B) Capital goods
C) Veblen goods D) Giffen goods
 
Answer & Explanation Answer: D) Giffen goods

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

__________ of an input is defined as the change in output per unit of change in the input when all other inputs are held constant.

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

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Q:

A hand made paper workshop can hire 8 craftsmen by paying them Rs 400 per person per day. The 9th craftsman demands Rs 450 per day. If this craftsman is hired then all other craftsmen must be paid Rs 450. The marginal resource (labour) cost of the 9th craftsman is

A) Rs 50 B) Rs 850
C) Rs 800 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

All isotopes of the same element have ____________

A) different atomic numbers and different atomic mass B) different atomic numbers and the same atomic mass
C) the same atomic number but different atomic masses D) the same atomic number and the atomic mass
 
Answer & Explanation Answer: C) the same atomic number but different atomic masses

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Q:

An object travels 24 m in 3 s and then another 15 m in 2 s. What is the average speed of the object?

A) 7.8 m B) 7.8 m/s
C) 7.8 m-s D) 6.67 m/s
 
Answer & Explanation Answer: B) 7.8 m/s

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Q:

A person lent certain sum of money at 5% per annum simple interest and in 15 years the interest amounted to Rs 250 less than the sum lent. What was thesum lent (in Rs)?

A) 1000 B) 1500
C) 2400 D) 3000
 
Answer & Explanation Answer: A) 1000

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Q:

ΔABC is right angled at B. BD is an altitude. AD = 3 cm and DC = 9 cm. What is the value of AB (in cm)?

A) 6 B) 5
C) 4.5 D) 5.5
 
Answer & Explanation Answer: A) 6

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