Questions

Q:

Short run marginal cost curve cuts the average variable cost curve from _______ at the minimum point of average variable cost.

A) top B) below
C) right D) left
 
Answer & Explanation Answer: B) below

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Q:

If demand curve for racing cycles is D = 59600 - 6P and supply curve is S = 29600 + 4P, find the equilibrium Quantity?

A) 118000 B) 300
C) 41600 D) 6000
 
Answer & Explanation Answer: C) 41600

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Q:

Time period of Annual Plans was ___________.

A) 1990-1992 B) 1987-1990
C) 1992-1994 D) No option is correct
 
Answer & Explanation Answer: A) 1990-1992

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Q:

What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?

A) Control B) Compound
C) Credit D) Call
 
Answer & Explanation Answer: B) Compound

Explanation:

CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1 B) 1
C) -1.25 D) 1.25
 
Answer & Explanation Answer: A) -1

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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.
The constable said, "I saw a bullet mark here."

A) The constable said that he sees a bullet mark there. B) The constable said that he had seen a bullet mark there.
C) The constable says that he saw a bullet mark here. D) The constable said that he sees a bullet mark here.
 
Answer & Explanation Answer: B) The constable said that he had seen a bullet mark there.

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Q:

Read the sentence to find out whether there is any error in it. The error, if any, will be in one part of the sentence. If the given sentence is correct as it is, the answer is ‘No error’. Ignore the errors of punctuation, if any.

Sometimes, when you are used to/ see a player in the commentary/ box over a long period, you tend to/ forget what a great player he was

A) Sometimes, when you are used to B) See a player in the commentary
C) Box over a long period, you tend to D) Forget what a great player he was
 
Answer & Explanation Answer: B) See a player in the commentary

Explanation:

The error lies in the second part of the sentence. The form V + -ing is called a gerund if it serves as a noun. In the given sentence "to" has been used as a preposition (in a prepositional phrase) and not an infinitive, thus, the gerund form "seeing" is correct. E.G. I look forward to meeting my relatives. Thus, option 2 is correct. Here, 'used to' is used in the present tense to indicate that one has a habit of doing something.

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Q:

If any Fundamental Right of a citizen is breached then under Article 226 of Indian Constitution he can move to ______.

A) Prime Minsiter of India B) Chief Justice of India
C) President of India D) High Court of State
 
Answer & Explanation Answer: D) High Court of State

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