Questions

Q:

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

A) Rs 50 B) Rs 850
C) Rs 400 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

The demand for a inferior good increases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Q:

From which of the following, is the GDP of a country not derived from?

A) Agricultural sector B) Industrial sector
C) International sector D) Service sector
 
Answer & Explanation Answer: C) International sector

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

The sentences given with blanks are to be filled with an appropriate word(s). Four alternatives are suggested for each question. For each question,choose the correct alternative and click the button corresponding to it.

He ________ the low pay

A) moan at B) complain about
C) grumbled at D) ran after
 
Answer & Explanation Answer: C) grumbled at

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Q:

Calculate the accounting profits for a firm, if its economic profits for the year are Rs 60 crores, total implicit costs are Rs 18.5 crores and total explicit costs are Rs 35 crores

A) Rs 113.5 crores B) Rs 43.5 crores
C) Rs 76.5 crores D) Rs 78.5 crores
 
Answer & Explanation Answer: D) Rs 78.5 crores

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Q:

In the following items, each passage consists of six sentences. The first and the sixth sentence are given in the beginning as S1 and S6. The middle four sentences in each have been removed and jumbled up. These are labeled P, Q, R and S. You are required to find out the proper sequence of the four sentences and mark your response accordingly on the Answer Sheet.

S1 :Helen graduated in 1904with special honours in English.
S6:Here dress was torn and roses were snatched from her hat.
P:She was twenty-four years old.
Q:She was invited to the St. Louis Exposition in 1904 to awaken worldwide interest in the education of the deaf-blind.
R:But on Helen Keller Day the crowds got out of hand.
S:Requests were already flowing in for appearances and for magazine articles.

The proper sequence should be 

A) Q P S R B) S P R Q
C) P S Q R D) S QR P
 
Answer & Explanation Answer: C) P S Q R

Explanation:

The starting statement talked about Helen and her graduation. So, the continuing statement would be talking about the age of Helen when she completed her honours. So, P would be the succeeding statement. So, P being the first statement eliminates all other options. Thus, the correct sequence is PSQR.

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Q:

Nitrogen fixation is a process of

A) Assimilation of nitrate B) Utilisation of nitrogen gas
C) Conversion of organic nitrogen to proteins D) Conversion of molecular nitrogen to ammonia
 
Answer & Explanation Answer: C) Conversion of organic nitrogen to proteins

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