Questions

Q:

Hydra reproduces by

A) Fragmentation B) Multiple fission
C) Budding D) Binary fission
 
Answer & Explanation Answer: C) Budding

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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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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

Macro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) resource allocation at firm level D) equilibrium prices and quantities
 
Answer & Explanation Answer: A) the circular flow of income

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Q:

Which of the following is added to iron to make iron hard and strong?

A) Zinc B) Copper
C) Carbon D) Sodium
 
Answer & Explanation Answer: C) Carbon

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

Some with natural _______________ would love to be in a scenic view and stare out of the window. Those nestlings could one day become a great biologist __________ awildlife photographer or landscape artist to earn fame. Some always love to chit-chat with friends or family: encourage them so they have the ability to ___________. Itis a gift ____________ verbal or linguistic creativity when they can tell stories, write essays, and converse easily with people. This __________ opportunities to them to bean orator, writer, poet, scholar or teacher.

gift ____________ verbal or linguistic creativity

A) at B) from
C) so D) of
 
Answer & Explanation Answer: D) of

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