General Science (Physics) for SSC and RRB 2019 Quiz 4

General Science (Physics) for SSC and RRB 2019 Quiz 1

General Science (Physics) for SSC and RRB 2019 Quiz 4



1. Economic rent refers to

(1) Payment made for the use of labour

(2) Payment made for the use of capital

(3) Payment made for the use of organisation

(4) Payment made for the use of land

2. If the price of an inferior good falls, its demand

(1) rises

(2) falls

(3) remains constant

(4) can be any of the above

3. The Marginal Utility Curve slopes downward from left to right indicating

(1) A direct relationship between marginal utility and the stock of commodity

(2) A constant relationship between marginal utility and the stock of commodity

(3) A proportionate relationship between marginal utility and the stock of commodity

(4) An inverse relationship between marginal utility and the stock of commodity

4. In equilibrium, a perfectly competitive firm will equate

(1) marginal social cost with marginal social benefit

(2) market supply with market demand

(3) marginal profit with marginal cost

(4) marginal revenue with marginal cost

5. Equilibrium is a condition that can

(1) never change

(2) change only if some outside factor changes

(3) change only if some internal factor changes

(4) change only if government  policies change

6. Enterpreneurial ability is a special kind of labour that

(1) is hired out to firms at high wages

(2) organizes the process of production

(3) produces new capital goods to earn interest

(4) manages to avoid losses by continual innovation

7. Transfer earning or alternative cost is otherwise known as

(1) Variable cost

(2) Implicit cost

(3) Explicit cost

(4) Opportunity cost (economic cost)

8. Demand of commodity mainly depends upon–

(1) Purchasing will

(2) Purchasing power

(3) Tax policy

(4) Advertisement

9. Equilibrium price means

(1) Price determined by demand and supply

(2) Price determined by Cost and Profit

(3) Price determined by Cost of production

(4) Price determined to maximise profit

10. When marginal utility is zero, the total utility is

(1) Minimum

(2) Increasing

(3) Maximum

(4) Decreasing



Answers:

1. (4)

2. (1)

3. (4)

4. (4)

5. (3)

6. (2)

7. (4)

8. (2)

9. (1)

10. (3)



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