Practice Question and Answer

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

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    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.

Q: K is 50% faster than L. If L starts at 9 A.M. and K starts at 10 A.M. L travels at a speed of 50 km/hr. If L and K are 300 kms apart, The time when they meet when they travel in opposite direction is ? 2245 0

  • 1
    12 pm
    Correct
    Wrong
  • 2
    1 pm
    Correct
    Wrong
  • 3
    11 am
    Correct
    Wrong
  • 4
    11:30 am
    Correct
    Wrong
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Answer : 1. "12 pm"
Explanation :

Answer: A) 12 pm Explanation: let 't' be the time after which they met since L starts. Given K is 50% faster than L 50 t + 1.5*50(t-1) = 300 50 t +75 t = 300 + 75 t = 375 / 125 = 3 hrs past the time that L starts So they meet at (9 + 3)hrs = 12:00 noon.

Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

The student said, "I must study hard."

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    The student says that he must study hard.
    Correct
    Wrong
  • 2
    The student say that he had to study hard.
    Correct
    Wrong
  • 3
    The student said that he had to study hard.
    Correct
    Wrong
  • 4
    The student says that he had to study hard.
    Correct
    Wrong
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Answer : 3. "The student said that he had to study hard."

Q:

Sita deposited Rs . 5,000 at 10 % simple interest for 2 years. How much more money will Sita have in her account at the end of two years. If it is compounded semiannually. 

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    Rs. 77.50
    Correct
    Wrong
  • 2
    Rs. 85.50
    Correct
    Wrong
  • 3
    Rs. 50
    Correct
    Wrong
  • 4
    Rs. 40
    Correct
    Wrong
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Answer : 1. "Rs. 77.50 "

Q:

If 6 @ 4 @ 7 = 101 and 2 @ 5 @ 11 = 150, then what is the value of A in A @ 8 @ 9 = 289?

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  • 1
    5
    Correct
    Wrong
  • 2
    8
    Correct
    Wrong
  • 3
    12
    Correct
    Wrong
  • 4
    17
    Correct
    Wrong
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Answer : 3. "12"

Q: Who began public health and sanitation systems? 2244 0

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    Mexicans
    Correct
    Wrong
  • 2
    Egyptians
    Correct
    Wrong
  • 3
    Romans
    Correct
    Wrong
  • 4
    Chinese
    Correct
    Wrong
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Answer : 3. "Romans"
Explanation :

Answer: C) Romans Explanation: Romans (753 BC - AD 410) began public health and sanitation systems.   Romans established the first public health and sanitation systems by building sewers and aqueducts. They also treated diseases with diet, exercise and meditation.

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