Q1. For a price taking firm, average revenue is ______ market price.
(a) half of
(b) equal to
(c) double of
(d) less than
Q2. The study of individual markets of demand and supply in which the ‘players’, or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?
(d) Heterodox Economics
Q3. In which year was Nationalist Congress Party (NCP) founded?
Q4. Which Fundamental Right in the Indian Constitution states that every person has the right to practice, profess and propagate the religion of their choice.
(a) Right to Equality
(b) Right to Freedom
(c) Right against Exploitation
(d) Right to Freedom of Religion
Q5. In 1918, Mahatma Gandhi organised a satyagraha to support the peasants of the Kheda district of _________.
(d) West Bengal
Q6. Which queen of the Kakatiya dynasty ruled over Warangal, part of modern Andhra Pradesh?
Q7. On the basis of distribution, resources can be classified into ____________?
(a) Actual resources
(b) Potential resources
(c) Ubiquitous resources
(d) Abiotic resources
Q8. Uranium found in Ladakh is an example of which type of resource?
(a) unnatural resources
(b) Actual resources
(c) Potential resources
(d) Biotic resources
Q9. Which is the longest bone in human body?
Q10. Opposite the micropylar end, is the __________, representing the basal part of the ovule.
Ans1. (b); The Price taking firm can sell any quantity it can produce at the market price, so even though the market is likely to face a downward sloping market demand curve, the individual firm faces a horizontal market demand curve at the market price. Because the firm can sell as much as it can produce at the market price, the marginal revenue for each unit sold is equal to the price, and the average revenue is also equal to the price, as every unit costs the same, so when you divide the total revenue by the number of units sold, you get the price.
Ans2. (c); Microeconomics is a branch of economics that studies the behavior of individuals and firms in making decisions regarding the allocation of scarce resources and the interactions among these individuals and firms as trying to maximize their profits.
Ans3. (b); The Nationalist Congress Party (NCP) is a centrist nationalist political party in India. The NCP was formed on 25 May 1999, by Sharad Pawar, P. A. Sangma, and Tariq Anwar. The Election Symbol of NCP is an analogue clock that reads 10:10.
Ans4. (d); Article 25 guarantees Freedom of conscience and free profession, practice and propagation of religion according to their choice.
Ans5. (c); The Kheda Satyagraha of 1918, in the Kheda district of Gujarat.It was the second Satyagraha movement after Champaran Satyagraha. Gandhi ji organise this movement to support peasants of kheda district.The peasants of kheda could not be able to pay high taxes of british due to crop failure and plague epidemic.
Ans6. (a); Rudramadevi was a monarch of the Kakatiya dynasty in the Deccan Plateau modern Andhra Pradesh, from 1263 until her death. She probably began her rule of the Kakatiya kingdom jointly with her father, Ganapatideva, as his co-regent, from 1261-62. She assumed full sovereignty in 1263.
Ans7. (c); Resources which are available (distributed) everywhere on the earth are called ubiquitous resources, e.g. air and water.
Ans8. (c); Resources whose entire quantity may not be known and which are not being used at present are called potential resources. Potential resources can be used in future once technology for that is properly developed. For example; uranium reserves in Ladakh.
Ans9. (d); Femur, or thighbone, is the largest bone in your body. The head of femur fits into your hip socket and the bottom end connects to knee. The two bones beneath knee that make up shin are your tibia and fibula. Your upper and lower legs are connected by a hinge joint.
Ans10. (c); In plant ovules, the chalaza is located opposite the micropyle opening of the integuments. It is the tissue where the integuments and nucellus are joined. Nutrients from the plant travel through vascular tissue in the funiculus and outer integument through the chalaza into the nucellus