Practice Question and Answer

Q:

The Economic development depends on-

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  • 1
    Natural resources
    Correct
    Wrong
  • 2
    Capital formation
    Correct
    Wrong
  • 3
    Size of the market
    Correct
    Wrong
  • 4
    All of these
    Correct
    Wrong
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Answer : 4. "All of these"

Q:

In an exhibition entrance charge was Rs.5 and now it is reduced by 20%. Therefore total income on selling the tickets is increased by 44%, then what is the percent increase in tickets sold?

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  • 1
    80%
    Correct
    Wrong
  • 2
    75%
    Correct
    Wrong
  • 3
    40%
    Correct
    Wrong
  • 4
    70%
    Correct
    Wrong
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Answer : 1. "80% "

Q: A circular piece of thin wire is converted into a rhombus of side 11 cm. Find the diameter of the circular piece? 2245 0

  • 1
    28 cm
    Correct
    Wrong
  • 2
    3.5 cm
    Correct
    Wrong
  • 3
    7 cm
    Correct
    Wrong
  • 4
    14 cm
    Correct
    Wrong
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Answer : 4. "14 cm"
Explanation :

Answer: D) 14 cm Explanation: Circular piece is 4 x 11 = 44 cm long, Then Circumference of circle is given by, 44 = pi x D, where D is the diameter D = 44 / pi Take pi = 22 / 7, then D = 44 / (22/7) = (44 x 7) / 22 D = 14 cm.

Q:

Which of the following combination is not correct: - 

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  • 1
    Angola – Luanda
    Correct
    Wrong
  • 2
    Albania – Algiers
    Correct
    Wrong
  • 3
    Canada – Ottawa
    Correct
    Wrong
  • 4
    Brazil – Brasilia
    Correct
    Wrong
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Answer : 2. "Albania – Algiers "

Q:

Banas Basin is part of which physical division of Rajasthan?

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  • 1
    Western Sandy Plains
    Correct
    Wrong
  • 2
    Aravalli Range and Hilly Region
    Correct
    Wrong
  • 3
    Eastern Plains
    Correct
    Wrong
  • 4
    Hadoti Plateau
    Correct
    Wrong
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Answer : 3. "Eastern Plains "

Q: The law of increasing opportunity costs states that 2245 0

  • 1
    along a production possibilites curve, increases in the production of one good make the production of that good easier and easier
    Correct
    Wrong
  • 2
    increases in wages cause increases in the costs of production
    Correct
    Wrong
  • 3
    costs of production increases and then decreases
    Correct
    Wrong
  • 4
    along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good
    Correct
    Wrong
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Answer : 4. "along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good"
Explanation :

Answer: D) along a production possibilities curve, increases in the production of one good require larger and larger sacrifices of the other good Explanation: Opportunity cost is the cost of what you are giving up to do what you are currently doing. If you can either go to work or go to the beach, and you choose to work, the opportunity cost of working is the value you would have gotten had you gone to the beach.   The law of increasing opportunity costs states that as you increase production of one good, the opportunity cost to produce an additional good will increase.

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