Q:

What marks the onset of puberty in females?

A) Menopause	B) Adolescence
C) Menstruation	D) Menarche

Answer & Explanation Answer: D) Menarche

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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:

If a country devalues its currency, its _______________

A) Exports become cheaper and imports become costlier	B) Exports become costlier and imports become cheaper.
C) Exports value is equivalent to imports value	D) No effect on exports and imports

Answer & Explanation Answer: A) Exports become cheaper and imports become costlier

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200	B) Rs 9000
C) Rs 14400	D) Rs 19800

Answer & Explanation Answer: C) Rs 14400

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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:

__________ resources are those resources whose quantity is known.

A) Natural resources	B) Actual resources
C) Potential resources	D) Abiotic resources

Answer & Explanation Answer: B) Actual resources

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Q:

Which of these countries got Independence from United Kingdom?

A) Uzbekistan	B) India
C) Venezuela	D) South Korea

Answer & Explanation Answer: B) India

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Q:

How many bones does a new born human baby have?

A) 350	B) 206
C) 211	D) 411

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