Questions

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:

Which of the following elements was the last element in Newland's Law of Octaves?

A) Thorium B) Hydrogen
C) Rubidium D) Bromine
 
Answer & Explanation Answer: A) Thorium

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Q:

Osteoporosis is the disease related to

A) Spinal cord B) Heart
C) Kidneys D) Lungs
 
Answer & Explanation Answer: A) Spinal cord

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Q:

Given in the options are sets of particular characteristics of elements and how they vary across the period and down the group in the following format:

 

Characteristic of an element  -  Across the period  -  Down the group

 

 

A) Electropositive Character/metallic character - Increase - Decrease B) Electropositive Character/metallic character - Increase - Increase
C) Electropositive Character/metallic character - Decrease - Increase D) Electropositive Character/metallic character - Decrease - Decrease
 
Answer & Explanation Answer: C) Electropositive Character/metallic character - Decrease - Increase

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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:

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:

The principles of internal control include

A) Maintain Records B) Segregate of Duties
C) Mandatory Employee Rotation D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

The principles of internal control are the concepts management uses to establish the ways to protect company assets.


The main internal control principles include:

  • Establish Responsibilities
  • Maintain Records
  • Insure Assets by Bonding Key Employees
  • Segregate of Duties
  • Mandatory Employee Rotation
  • Split Related Party Responsibility
  • Use Technological Controls
  • Perform Regular Independent Reviews

 

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Q:

On 26 July 2017, the Parliament passed the Collection of Statistics (Amendment) Bill, 2017. The Bill aims at amending the ______.

 

A) Collection of statistics Act, 2008 B) Collection of statistics Act, 2015
C) Collection of statistics Act, 2010 D) Collection of statistics Act, 2012
 
Answer & Explanation Answer: A) Collection of statistics Act, 2008

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