This section includes 7 InterviewSolutions, each offering curated multiple-choice questions to sharpen your Current Affairs knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
Write down the growth cycle of hair |
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Answer» The growth cycle of hair An average, hair grows 1.25 cm (½ inch) per month. It is also estimated that on an average we lose 80-100 hair a day. A single strand does not grow continuously throughout its life. The stages of the life cycle of hair are: 1.anagen 2. catagen 3. telogen 4. Exogen 1. Anagen During the anagen phase, the hair follicle is active and the hair is growing continuously. New hair in early anagen grows faster than old hair, the average growth being 1.25 cm per month. 2.Catagen The next phase of the hair growth cycle is called as ‘catagen’. During this cycle, hair follicle undergoes a period of change and do not grow. This phase lasts for about 2 weeks. New cells are formed. At any time only about 1% of follicles are in the catagen stage. 3. Telogen This is the period of rest for hair follicles. This stage lasts for about 3-4 months. Approximately 13% of the follicles are in the telogen state at any one time. 4.Exogen After the resting period, follicles begin to lengthen. When the follicle reaches full length, a new hair begins to grow. |
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| 2. |
Name the first method of "5 S" in Workshop. (a) Seiton - Tidiness (b) Seiri –Sort (c) Seiketsu - Standardization (d) Seiso- Hygiene |
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Answer» Correct answer is (b) Seiri –Sort |
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| 3. |
A tour operator can make a profit of around ________ per cent on each sale of the package tour that includes the commission or override from the principal service providers. (a) 9 (b) 10 (c) 12 (d) 15 |
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Answer» (d) 15 A tour operator can make a profit of around 15 per cent on each sale of the package tour that includes the commission or override from the principal service providers. |
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| 4. |
What are the barriers of communication? |
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Answer» The process of communication is susceptible to many barriers. These can be categorized into problems caused by the sender, problems in message transmission, problem in reception and problem in receiver comprehension. |
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| 5. |
Write the procedure to allocate safe deposit locker to a guest in front office? |
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Answer» Hotels have bank type of lockers installed at the front office cash. A locker is allotted to guest that can be opened by using two keys. The master key is with the front office cashier and other key is issued to the guest. A contract is also signed in between the guest and the hotel. Whenever a guest wants to open his locker it has to be entered into the locker operating register. Signatures are always verified with the specimen. Head cashier inserts his key then a guest inserts his own key, and then only a lock can be opened. Guest is left alone to operate his locker. |
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| 6. |
Explain the importance of environment in day to day life by citing suitable examples in about 120 words |
Answer»
Things we Can Do to Save the Environment
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| 7. |
Match the following:A) Minimum Subscriptioni. Pro-rata allotmentB)Over subscriptionii. The number of shares applied for, is equal to the number of shares offered for subscriptionC) Full Subscriptioniii. The number of shares applied for, is less than the number of shares offered for subscriptionD)Under subscriptioniv. It is the amount stated in the prospectus as the minimum amount that must be subscribed(a) A-iv,B-ii,C-iii D-i (b) A-ii,B-i,C-iv D-iii (c) A-iii,B-ii,C-i D-iv (d) A-iv,B-i,C-ii D-iii |
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Answer» (d) A-iv,B-i,C-ii D-iii |
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| 8. |
Match the following:A)Issue shares to promotersi. Bank A/c DrShare Forfeiture A/c DrTo Share Capital A/cB) Reissue of sharesii.Goodwill A/c DrTo Share capitalC)Forfeiture of sharesiii.Vendor A/c DrTo Share capitalD) Issue shares for consideration other than cashiv.Share capital A/c DrTo Share forfeiture A/cTo Calls in arrear(a)A-i,B-ii,C-iii,D-iv (b) A-ii,B-i,C-iv,D-iii (c) A-ii,B-iv,C-i,D-iii (d) A-ii,B-iii,C-iv,D-i |
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Answer» (b) A-ii,B-i,C-iv,D-iii |
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| 9. |
A company purchased a machinery of Rs.2,75,000 from a vendor and issued shares of Rs.10 each to the vendor. Match the following:Shares issued atNo of shares issuedA) pari.34,375B) premium of 10%ii. 22,000C) discount of 20%iii.27,500D) premium of Rs. 2.50iv.25,000(a)-iii,B-iv,C-i,D-ii (b) A-iii,B-i,C-iv,D-ii (c) A-iv,B-ii,C-i,D-iii (d) A-iii,B-i,C-ii,D-iv |
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Answer» (a)-iii,B-iv,C-i,D-ii |
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| 10. |
An increase in national income because of an increase in price is called(a) an increase in national income in real terms(b) an increase in national income at constant prices(c) an increase in money national income(d) an increase in national income at base year prices |
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Answer» (d) an increase in national income at base year prices |
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| 11. |
‘Quota’ is(a) tax levied on imports (b) imports of capital goods (c) limit on the quantity of imports (d) limit on the quantity of exports |
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Answer» ‘Quota’ is limit on the quantity of imports |
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| 12. |
For the maximum satisfaction of consumer : (a) Marginal utility of a good should be equal to its price. (b) Marginal utility of a good should be greater than its price (c) There is no relation between marginal utility and price. (d) None of these. |
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Answer» For the maximum satisfaction of consumer Marginal utility of a good should be equal to its price. |
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| 13. |
A particle moves in a plane from `A` to `E` along the shown path. It is given that `Ab=BC=CD=DE=10` metre. Then the magnitude of net displacement of particle is : .A. 10 mB. 15 mC. 5 mD. 20 m |
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Answer» Correct Answer - A Given figure represents a regular pentagan so magnitude of `AE = 10` metre. |
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| 14. |
According to Marshall, utility of a commodity : (a) Can be measure by money (b) Can not be measured by money(c) Can be measured in cardinal numbers (d) All of the above. |
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Answer» (d) All of the above. |
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| 15. |
For a change in which of the following, there is no change in demand? (a) Change in price (b) Change in income (c) Change in taste and fashion (d) None of these |
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Answer» (d) None of these |
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| 16. |
Explain the importance of money. |
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Answer» Money plays an instrumental role in shaping economic life in the country. According to Marshall “Money is a pivot around which the economic science clusters.” The significance of money can be explained as follows: (1) Importance of money in the field of consumption: Money is of great importance in consumption: (I) To attain maximum satisfaction: A consumer can maximisehis satisfaction by using money according to the law of Equi-marginal utility. (II) To facilitate deferred payments: Consumer sometimes takes loan for his present consumption which is repaid on some future date. Money makes such payments possible. (III) To make savings: A person spends a part of his present income on present consumption and saves the remaining part for the future. Hence money makes savings possible for future. (IV) To purchase various goods: with money, a consumer can buy any goods of his requirement i.e., money enables a consumer to exercise his freedom of choice in consumption. (2) Importance of money in the field of production: Money has facilitated production in following ways: (I) Large Scale Production: With the use of money, large scale production has become possible in modern days. production is the possible in modern days. Production is the result of collative effort of all factors of production which get reward in terms of money. (II) Division of Labour and specialization possible: Money has facilitated division of labour and specialization which has accelerated the pace of production in the economy. (III) Assembling of factors of production possible: Money is the instrument which assembles all the factors of production at one place producer substitutes the factor having lesser productivity by the factors having higher productivity and it becomes possible with the use of money. (3) Importance of money in the field of exchange: (I) Removal of barter difficulties: Money has removed the inconveniences of barter, as a medium of exchange, money to be acceptable by everyone. Money has also removed the difficulty in store of value which was present in barter. (II) Development of banks and credit institutions: Money has opened the doors for developing banks and credit institutions. Use of cheques and exchange bill has made exchange easier. (III) Capital formation possible: People save money and transfer it to productive uses. It accelerates capital formation. (IV) Makes capital mobile: Money makes capital mobile. with use of money capital can be transferred from one place to the other. (4) Importance of money in the field of distribution: Money helps in the distribution of income among different factors of production ideally. Applying marginal productivity theory, money distributes national income into wages, rent, interest and profits properly. (5) Importance of money in public finance: Public expenditure and income are calculated in terms of money. Imposed tax is also paid in money and public expenditure is also paid in money. with the use of money government succeeds in attaining the principle of Maximum social Advantage. |
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| 17. |
Which of the following is a reason for fall in demand? (a) Fall in income (b) Fall in number of buyers (c) Fall of taste of consumer (d) All the above |
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Answer» (d) All the above |
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| 18. |
For normal goods, law of demand states the …….. relationship between price and quantity of goods : (a) Direct(b) Positive (c) Indirect (d) None of the above |
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Answer» For normal goods, law of demand states the Indirect relationship between price and quantity of goods. |
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| 19. |
An unknown stable nuclide after absorbing a neutron emits an electron, and the new nuclide splits spontaneously into two alpha particles. The unknown nuclide is :A. `._(4)Be^(9)`B. `._(3)Li^(7)`C. `._(2)He^(4)`D. `._(5)B^(10)` |
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Answer» Correct Answer - B `._(3)Li^(7) +._(0)n^(1) rarr ._(-1)e^(0)+2_(2)He^(2)` Hence the inknown nuclide is `._(3)Li^(7)` |
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| 20. |
What is short-run production function ? What is meant by returns to a factor ? |
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Answer» In variable proportion production function, proportion of factors utilised changes because in short-run, all factors cannot be changed. Those factors which cannot be changed due to short period, are called fixed factors. Few factors of production are variable in the short-run- Capital, Capital goods, land, production technique, etc. are mainly fixed factors or remain unchanged in short period while labour units are variable. Size of plant also remains unchanged in short-run-In this way, few factors of production are fixed and few are variable in short-run By changing variable factors ratio of factors utilized also changes and consequently quantity of production or output varies. This is called’ variable Proportion production Function’. |
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| 21. |
A bus is moving with speed \( =10 m / s \) for \( 4 s \) on a straight road. After that you change the speed. \( 20 m / s \) and then bus moves \( 2 s \). Then calculate avg speed of the bus. |
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Answer» Average Speed = \(\frac{\Delta x}{\Delta t}\) \(= \frac{20-10}{4-2}\) \(= \frac{10}2\) \(= 5 \,m/s\). |
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| 22. |
National Social Assistance Programme is aimed at providing(a) Financial support to Scheduled Castes and Scheduled Tribes(b) Old age pension to very poor(c) Insurance for the poor (d) All of the above |
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Answer» (b) Old age pension to very poor |
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| 23. |
Per capita income is equal to(a) National Income Total Population of the country(b) National Income + Population(c) National Income – Population (d) National Income Population |
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Answer» (a) National Income Total Population of the country |
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| 24. |
Which one of the following is not a function of the central bank in an economy?(a) Dealing with foreign exchange (b) Controlling monetary policy(c) Controlling government spending (d) Acting as a banker’s bank |
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Answer» (c) Controlling government spending |
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| 25. |
The ‘break-even’ point is where(a) Marginal revenue equals marginal cost (b) Average revenue equals average cost(c) Total revenue equals total cost (d) None of the above |
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Answer» (c) Total revenue equals total cost |
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| 26. |
Differentiate between devaluation and depreciation. |
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Answer» Deprecation of a currency means a decrease in the price of the domestic currency in terms of the foreign currency. Depreciation of a currency takes place due to working of demand and supply forces in foreign exchange market. Devaluation also signifies a loss of value of the currency of a country relative to other foreign currency but it in a process in which government deliberately cheapen its own currency in terms of other currency. |
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| 27. |
Rising prices of commdities have became a source of great concern to the Indian economists at present time. It has caused great hardship to all section of our society, particluarly fixed income groups, like salaried presons, wage earners and pensioners, have been feeling the maximum pinch. They have no means to supplement their income and no saving to fall back upon the economic uncertainty of their futur. This also breeds social unrest and causes tension and confict between the have and the have-nots. There are other adverse effects of price rise too. Inflation induces businessmen to invest their money in non-productive assest like gold and land. Their real worth is not affected by rising prices. High prices also adversely affect the exports of the country and distort the balance of foregin trade. What should be the course of action to check rising prices?A. Accelerating productionB. Checking investment in non -prductive assetsC. Control on inflation and keep eye on erring bussinessmenD. Effective distrution system |
| Answer» Correct Answer - C | |
| 28. |
In the context of rising prices, following statements are made by two people: Udit: Prices in the economy are continously rising, Shivam: The Government should take reasonable steps to control rising prices. Identify the statements as Positive Statement and Normative Statement.A. Udit Positive, Shivam, NormativeB. Udit, Normative, Shivam, PositiveC. Both are Positive StatementsD. Both are Normative Statements |
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Answer» Correct Answer - A A |
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| 29. |
The Opportunity Cost arises:A. When there is just one alternativeB. When there are two or more alternativesC. Either (a) or (b)D. None of these. |
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Answer» Correct Answer - B B |
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| 30. |
Explain the difference between an inferior and a normal good. |
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Answer» Normal Goods :- Normal goods are those goods for which the demand rises with every increase in the income of the consumer. In other words, in case of normal goods, there is a direct relationship between income of a consumer and his demand for normal goods, e.g. , the demand for rice and wheat will increase with every increase in income. Thus, rice and wheat are normal goods. Inferior Goods :- Inferior goods are low quality products and their demand decreases when the income of the consumer increases and vice versa. In other words, in case of inferior goods, there is an inverse relationship between demand and income of the consumer, e.g. , the demand for peanuts or bajra will fall with the rise in the Income of the consumer. Hence, peanuts and bajra become inferior goods at a higher level of income. |
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| 31. |
An economyhas 2 alternatives of production form the available resources: (i) 20X + 1Y, of (ii) 18X + 2Y. If the economy chooses the second alternative, then what is MOC of producing Y:A. 1XB. 2XC. 1YD. None of these. |
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Answer» Correct Answer - B B |
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| 32. |
In deciding "How to produce" the economy should consider,A. Labour intersive TechniquesB. Capital Intensive TechniquesC. Both (a) and (b)D. Neither (a) nor (b) |
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Answer» Correct Answer - C C. This problem refers to selection of technique to be used for production of goods and services. A good can be produced using different techniques of production. By ‘technique’, we mean which particular combination of inputs to be used. Generally, techniques are classified as: Labour intensive techniques (LIT) and Capital intensive techniques (CIT).i. In Labour intensive technique, more labour and less capital (in the form of machines, etc.) is used.ii. In Capital intensive technique, there is more capital and less labour utilization. |
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| 33. |
Which of the following is an example of a Positive Economy:A. India should take steps to control rising pricesB. There are inequalities of income in our economyC. India should not be an overpopulated countryD. Income inequalities should be reduced |
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Answer» Correct Answer - B B |
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| 34. |
Opportunity Costs arise:A. When there is only course of actionB. When there are two or more alternative coursesC. Both (a) and (b)D. Neither (a) nor (b) |
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Answer» Correct Answer - B B.A benefit, profit, or value of something that must be given up to acquire or achieve something else. Since every resource (land, money, time, etc.) can be put to alternative uses, every action, choice, or decision has an associated opportunity cost.Opportunity costs are fundamental costs in economics, and are used in computing cost benefit analysis of a project. Such costs, however, are not recorded in the account books but are recognized in decision making by computing the cash outlays and their resulting profit or loss. |
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| 35. |
Macroeconomics focuses on all of the following except:A. Unemployment ProblemB. Inflation in the EconomyC. Aggregate DemandD. Jute Industry |
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Answer» Correct Answer - D Macroeconomics is the branch of economics that deals with the structure, performance, behavior, and decision-making of the whole, or aggregate, economy, instead of focusing on individual markets. The two main areas of macroeconomic study are long term economic growth and shorter term business cycles. |
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| 36. |
Which of these statement is ture about production possibility curve?A. It shows various combinations of two goods which yield same level of satisfaction.B. It shows various combinations of two goods which an economy can produce with a given amount of resources and technology.C. It shows cambination of two goods which an economy can produce with a given budget.D. It shows various combination of two goods which an economy can produce with a given time. |
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Answer» Correct Answer - B B. Production possibilities frontier (PPF), also known as production possibility curve, indicates the maximum output combinations of two goods or services an economy can achieve by fully using all available resources efficiently |
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| 37. |
Which of the followng is an assuming of Production Possibility Frontier?A. Resources are not fully employed.B. Resources are not equally effcient for production of the two goods.C. Resources are not efficiently employed.D. Resources available are not fixed. |
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Answer» Correct Answer - B B. Resources are not equally efficient for all type of goods (to increase production of one unit of good 1 we have to sacrifice more and more( 2,3,4,5,) units of good 2) |
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| 38. |
The Production Possibility Frontier is generally,A. Convex Shaped Downward SlopingB. Concave Shaped Downward SlopingC. Either (a) or (b)D. Neither (a) nor (b) |
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Answer» Correct Answer - B B. We normally draw a PPF on a diagram as concave to the origin i.e. as we move down the PPF, as more resources are allocated towards Good Y the extra output gets smaller – so more of Good X has to be given up in order to produce Good YThis is an explanation of the law of diminishing returns and it occurs because not all factor inputs are equally suited to producing items |
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| 39. |
The following change in PPC is due to: A. Massive UnemploymentB. Destruction of ResourcesC. Increase in ResoucesD. Fuller Utilisation of Resources |
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Answer» Correct Answer - C The PPC of an economy shifts outward if: Resources used in production such as coal, oil, and population in the economy increase. The economy sees improvements in technology which make production more efficient; more goods can be produced with the same resources. |
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| 40. |
In case of decreasing MRT, the shape of PPC will be depicted by the following diagram:A. B. C. D. |
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Answer» Correct Answer - D D. Higher the MRT, higher is the concavity of PPC, lower the MRT, Lower is the concavity of PPC. |
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| 41. |
The shift in PPC is caused due to: A. Increase in resources for production of both the goodsB. Increase in resources for production of butter onlyC. Increase in resources for production of guns onlyD. None of these. |
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Answer» Correct Answer - A A. The PPC of an economy shifts outward if: Resources used in production such as coal, oil, and population in the economy increase. The economy sees improvements in technology which make production more efficient; more goods can be produced with the same resources. |
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| 42. |
For a firm’s equilibrium :-a. MR=MC b. MR>MC c. MR<MC d. MR=MC=O |
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Answer» For a firm’s equilibrium MR=MC. |
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| 43. |
The main cause of economic problem is _________. |
| Answer» Scarcity of resources | |
| 44. |
The basic condition of firm’s equilibrium is :- a. MC=MR b. MR=TR c. MR=AR d. SE=AR |
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Answer» The basic condition of firm’s equilibrium is MC=MR. |
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| 45. |
The shape of average cost curve is : a. U-Shaped b. Rectangular Hyperbola shaped c. Line parallel to x-axis d. None of these |
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Answer» The shape of average cost curve is U-Shaped. |
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| 46. |
Which of the following is studied under Micro Economics? a. Individual Unit b. Economic Aggregate c. National Income d. None of the above. |
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Answer» d. None of the above. |
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| 47. |
Long-run production function is related to : a. Law of demand b. Law of increasing returns c. Law of returns to scale d. Elasticity of demand |
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Answer» Long-run production function is related to Law of returns to scale. |
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| 48. |
On which base structure of economic problems has been installed ? a. unlimited wants b. Limited Resourcesc. Both a & b d. None of the above |
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Answer» c. Both a & b |
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| 49. |
The slope of the demand curve of a normal goods is : a. Negative b. Positive c. Zero d. Undefined |
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Answer» The slope of the demand curve of a normal goods is Negative. |
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| 50. |
Calculate the value of output from the following dataParticular₹ in croresNet value added at factor cost100Intermediate consumption75Goods and services tax (GST)20Subsidy5Depreciation10 |
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Answer» Value of Output = Net value added at factor cost + Intermediate consumption + Depreciation + (GST – Subsidy) = 100 + 75 + 10 + (20 – 5) = ₹200 lakhs |
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