Questions

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:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

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Q:

If the fixed costs of a factory producing candles is Rs 20,000, selling price is Rs 30 per dozen candles and variable cost is Rs 1.5 per candle, what is the break-even quantity?

A) 20000 B) 10000
C) 15000 D) 12000
 
Answer & Explanation Answer: A) 20000

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If asentence is free from error, select 'No Error'.

She picked (1)/ on the (2)/ trail soon after. (3)/ No error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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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.

In a strange ________________, the production and the consumption of the event become cause for concern. _______________ wonders whether newer forms of “non­caring” or violence are appearing. Somehow, silence, even __________________, quietly suppresses a meditation on such events. __________________ a professor, I can recollect the number of occasions when my students have cried as we discussed such events in class. _____________, society seems so indifferent.

In a strange ________________,

A) way B) form
C) step D) method
 
Answer & Explanation Answer: A) way

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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.

Life is full of ______ types of experiences.Strange, in fact, are the ways of God.If a man is happy today, he may be ______ unhappy the very next day.Some ______ are pleasant and joyful while others are full of ______ and pain.If at one time a person finds himself on top of the world, at the ______ time he is depressed and downcast.


Some ______ are pleasant and joyful

 

 

A) tenderizes B) rituals
C) customs D) experiences
 
Answer & Explanation Answer: D) experiences

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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.

___________ it became difficult to empirically prove that children __________ better in private schools, the attack __________ a new weapon: per unit cost of learning outcomes. Most of the learning outcome researches almost _______________ fail to understand the entire ______________ of education in any depth and reduces it to learning of so­called 3Rs for economic purposes.


children __________ better in private schools

 

 

A) learn B) study
C) educate D) train
 
Answer & Explanation Answer: A) learn

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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.

 

Photography is the _____________ we can get to stopping time. The camera is our pause button, the cork we use to stop time from running out. And the photo album is the most potent time machine ever ____________, one that transports you to a curated past where everything exists ________ you choose to remember it,one that lets you revisit ________ just people and places and ages, but the hidden crannies of ________ own memory and the strange landscape of emotions that lies beyond.

 

lets you revisit ________ just people

A) nor B) none
C) no D) not
 
Answer & Explanation Answer: C) no

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