Q1. When marginal costs are below average total costs,
(a) average fixed costs are rising
(b) average total costs are falling
(c) average total costs are rising
(d) average total costs are minimized
Q2. If the average cost is falling, due to:
(a) Marginal cost is rising
(b) Marginal cost is constant
(c) Marginal cost is equal to average cost
(d) is the average fixed cost If the marginal cost is not rising
Q3. In the long run, if a very small factory were to expand its scale of operations, it is likely that it would initially experience
(a) an increase in pollution level
(b) diseconomies of scale
(c) economies of scale
(d) constant returns to scale
Q4. The difference between average total cost and average variable cost:
(a) is constant
(b) is total fixed cost
(c) gets narrow as output decreases
(d) it is impossible to tell if marginal cost is rising or falling
Q5. Open market operations, one of the measures taken by RBI in order to control credit expansion in the economy means?
(a) Sale or purchase of Govt. securities
(b) Issuance of different types of bonds
(c) Auction of gold
(d) All of the above
Q6. The McMahon Line is a line agreed to by Britain and Tibet as part of the Simla Accord, a treaty signed in 1914. It is the effective boundary between which country?
(a) Pakistan and China
(b) India and Pakistan
(c) India and China
(d) Nepal and China
Q7. The Idukki Dam is a double curvature arch dam constructed across the Periyar River in a narrow gorge between two granite hills Kuravan and Kurathi in which of the following state?
(a) Karnataka
(b) Tamil Nadu
(c) Kerala
(d) Uttarakhand
Q8. Who is the present chairman of State Bank of India and also the first woman to be appointed to the top job at the country’s largest lender?
(a) Chanda Kochhar
(b) Shikha Sharma
(c) Arundhati Bhattacharya
(d) Usha Ananthasubramanian
Q9. Meenakshi Amman Temple is a historic Hindu temple located on the southern bank of the Vaigai River in the temple city of?
(a) Visakhapatnam, Andhra Pradesh
(b) Madurai, Tamil Nadu
(c) Thiruvananthapuram, Kerala
(d) Kolkata, West Bengal
Q10. UN cultural agency recently added Qanat of Iran in it’s World Heritage List. What is Qanat?
(a) Water tunnel
(b) Sewerage system
(c) Carraige Transportation system
(d) Artificial Island
Solutions
S1. Ans.(b)
Sol.
S2. Ans.(d)
Sol.
S3. Ans.(c)
Sol.
S4. Ans.(d)
Sol.
S5. Ans.(a)
Sol.
S6. Ans.(c)
Sol. The McMahon Line is the effective boundary between China and India
S7. Ans.(c)
Sol. The Idukki Dam is a double curvature arch dam constructed across the Periyar River in a narrow gorge between two granite hills Kuravan and Kurathi in Kerala, India. At 167.68 meters, it is one of the highest arch dams in Asia.
S8. Ans.(c)
Sol. Arundhati Bhattacharya, who took over as the new chairperson of the State Bank of India (SBI) Monday, is the first woman to be appointed to the top job at the country’s largest lender.
S9. Ans.(b)
Sol. Meenakshi Amman Temple is a historic Hindu temple located on the southern bank of the Vaigai River in the temple city of Madurai, Tamil Nadu, India.
S10. Ans.(a)
Sol. In Iran, agricultural and permanent settlements are supported by the ancient qanat system of tapping alluvial aquifers at the heads of valleys and conducting the water along underground tunnels by gravity, often over many kilometers.
