Practice Question and Answer
8Q: Which of the following is an example of market failure? 1880 05b5cc6a7e4d2b4197774cdf4
5b5cc6a7e4d2b4197774cdf4- 1Prices do not reflect the full social cost of productiontrue
- 2A firm goes out of business because it cannot find a market for its productsfalse
- 3Prices rise so that the consumers cannot afford the products they want to buyfalse
- 4Producer surplus is maximizedfalse
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Answer : 1. "Prices do not reflect the full social cost of production"
Explanation :
Answer: A) Prices do not reflect the full social cost of production Explanation: Prices do not reflect the full social cost of production is an example of Market failure. A market failure occurs when the supply of a good or service is insufficient to meet demand. This results in an inefficient distribution of resources among market participants. It also occurs if externalities are not accounted for. If a firm fails to maximize its profits this is not a general market failure.
Q:Direction: Select the related word from the given alternatives.
5 : 30 : : 9 : ?
1880 05e2fc83b4cc562611fea18bb
5e2fc83b4cc562611fea18bb- 160false
- 280false
- 370false
- 490true
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Answer : 4. "90"
Q: In the following question, which one set of letters when sequentially placed at the gaps in the given letter series shall complete it?
m_ane_nma_men_eam_an
1880 060b0d3d53f7fb454b9dd06d7
60b0d3d53f7fb454b9dd06d7m_ane_nma_men_eam_an
- 1eanmetrue
- 2eannefalse
- 3eaneefalse
- 4eammefalse
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Answer : 1. "eanme "
Q: Tribal tribes of the state of Rajasthan mainly live in which geographical area of the state?
1880 05e439940619edf2c238575b3
5e439940619edf2c238575b3- 1North Western Desert Regionfalse
- 2Southeastern plateaufalse
- 3Aravali Mountain Regiontrue
- 4Eastern plainsfalse
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Answer : 3. "Aravali Mountain Region"
Q: Which city is famous by the name of 'City of Lakes'? ,
1880 061a0788792711a18d3723a83
61a0788792711a18d3723a83- 1Ajmerfalse
- 2Bikanerfalse
- 3Udaipurtrue
- 4Udaipurfalse
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Answer : 3. "Udaipur"
Q: The Gulf of Mannar is situated along the Southern coast of
1880 05ff6b63c7925496d2ab6af61
5ff6b63c7925496d2ab6af61- 1Keralafalse
- 2Tamil Nadutrue
- 3Odishafalse
- 4Goafalse
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Answer : 2. "Tamil Nadu"
Explanation :
1. Palk Strait is a strait between the Indian state of Tamil Nadu and the Mannar district of the Northern Province of Sri Lanka.
2. This strait connects the Bay of Bengal to the Palk Bay in the north-east and then to the Gulf of Mannar in the south-west.
3. The strait that separates India and Sri Lanka is the Palak Strait.
Q: What horoscope sign has a crab 1880 05c4eb404dc28d14d784683cd
5c4eb404dc28d14d784683cd- 1Librafalse
- 2Marsfalse
- 3Zodicsfalse
- 4Cancertrue
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Answer : 4. "Cancer"
Q:Answer the questions on the basis of the information given here.
A, B, C, D, E and F are sitting around a round table. A, the tallest among all of them, is opposite to the person who is the shortest. B, who is taller than two of them, is sitting opposite to E. F, who is shorter than two of them is sitting opposite to the one who is taller than only one of them. D is third to the right of A and to the right of one who is taller than F. B is sitting second to the left of F.
How many people are taller than E?
1880 05e706a545a76a8576e76bb51
5e706a545a76a8576e76bb51A, B, C, D, E and F are sitting around a round table. A, the tallest among all of them, is opposite to the person who is the shortest. B, who is taller than two of them, is sitting opposite to E. F, who is shorter than two of them is sitting opposite to the one who is taller than only one of them. D is third to the right of A and to the right of one who is taller than F. B is sitting second to the left of F.
- 12false
- 21true
- 34false
- 45false
- 5Can’t be determinedfalse
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