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:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Filed Under: Indian Economy
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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Filed Under: Indian Economy
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Q:

"Sunrise Industries” are industries _____________

A) which are well developed and have ample scope for further development   B) which improve export performance of the country  
C) which small-scale industries   D) which have high growth potential and meet further requirements of the economy  
 
Answer & Explanation Answer: D) which have high growth potential and meet further requirements of the economy  

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Filed Under: Indian Economy
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.
No sooner did I come out of my home to go to market (1)/ when it started raining heavily (2)/ which drenched me completely. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Filed Under: English
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Q:

As per historical astronomy there are ___ zodiac divisions.

A) 9 B) 10
C) 11 D) 12
 
Answer & Explanation Answer: D) 12

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Filed Under: General Science
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Q:

There are usually three Parliamentary sessions in India, viz, the Budget session, the Monsoon session and _______.

 

A) the Autumn session   B) the Summer session  
C) the Winter session   D) None of these  
 
Answer & Explanation Answer: C) the Winter session  

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Filed Under: Indian Politics
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Q:

The Prime Minister is the ex-officio President of

A) CLRI B) CSIR
C) ISRO D) DRDO
 
Answer & Explanation Answer: B) CSIR

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Filed Under: Indian Politics
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