Questions

Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Filed Under: Indian Economy
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Q:

The consumption schedule relates:

A) disposable income to domestic income. B) consumption to the level of disposable income.
C) consumption to saving. D) saving to the level of disposable income.
 
Answer & Explanation Answer: B) consumption to the level of disposable income.

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

When was the ASLV used in India for the first time?

A) 1980 B) 1987
C) 1994 D) 2000
 
Answer & Explanation Answer: B) 1987

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Filed Under: General Science
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Q:

India's livestock disease monitoring and forecasting system is named as

A) Cattle Safety Laboratory B) Animal Safety Laboratory
C) Biosafety Laboratory D) Cattle Monitoring Laboratory
 
Answer & Explanation Answer: C) Biosafety Laboratory

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Filed Under: General Science
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Q:

Which famous film actress and celebrity won the PETA 'Person of the Year' award in 2017?

A) Anushka Sharma B) Priyanka Chopra
C) Alia Bhatt D) Deepika Padukone
 
Answer & Explanation Answer: A) Anushka Sharma

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Filed Under: Honours and Awards
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Q:

Physical Research Laboratory was founded by ____.

A) S.K. Mitra B) C.V. Raman
C) Homi Bhaba D) Vikram Sarabhai
 
Answer & Explanation Answer: D) Vikram Sarabhai

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Filed Under: Inventions
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Q:

The demand curve facing a perfectly competitive firm is

A) downward sloping B) perfectly inelastic
C) a concave curve D) perfectly elastic
 
Answer & Explanation Answer: D) perfectly elastic

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Q:

The unemployment created at certain times of the year, when the demand for goods and services are lower than normal, is _____.

A) Cyclical unemployment B) Frictional unemployment
C) Seasonal unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Seasonal unemployment

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