“Under conditions of perfect competition, the price at which any given product will be supplied and purchased is the price that will result in the supply and the demand being equal.” This statement is known as the:?

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  1. Law of diminishing return
  2. Law of supply
  3. Law of demand
  4. Law of supply and demand

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Answer: Option 4

Let'

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This mention statement is associated with “In any network containing more than one sources of e.m.f. the current in any branch is the algebraic sum of a number of individual currents (the number being equal to the number of sources of e.m.f.), each of which is due to separate action of each source of e.m.f., taken order, when the remaining sources of e.m.f. are replaced by conductors, the resistances of which are equal to the internal resistances of the respective sources”.?

Answer: Option 3 Let'

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“In any network containing more than one sources of e.m.f. the current in any branch is the algebraic sum of a number of individual fictitious currents (the number being equal to the number of sources of e.m.f.), each of which is due to separate action of each source of e.m.f., taken in order, when the remaining sources of e.m.f. are replaced by conductors, the resistances of which are equal to the internal resistances of the respective sources”.The above statement is associated with?

Answer: Option 3 Let'

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A ______ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition.?

Answer: Option 3 Let'

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What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market?

Answer: Option 1 Let'

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Directions : In each of the following questions a statement is given, followed by two conclusions. Give answer : Statement : "Use our product to improve memory of your child. It is based on natural herbs and has no harmful side effects." - An advertisement of a pharmaceutical company. Assumptions : I. People generally opt for a medical product which is useful and has no harmful side effects. II. Improving memory of child is considered as important by many parents.?

Answer: Option 5 An advertisement highlights only those features of a product, which are liked by people and are also desirable. So, both I and II are implicit.

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Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be a ceiling on the salary of top executives of multinationals in our country Arguments : I. Yes. Otherwise it would lead to unhealthy competition and our own industry would not be able to withstand that. II. No. With the accent on liberalization of economy, any such move would be counter-productive. Once the economy picks up, this disparity will be reduced.?

Answer: Option 5 In the absence of such a ceiling, the companies would be involved in a mutual competition of salaries, in a bid to attract the most competent professionals....

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Directions : Each of the following question consists of a statement followed by two arguments I and II. You have to decide which of the arguments is a STRONG arguments and which is a WEAK Argument. Statement : Should there be a ban on product advertising Arguments : I. No. It is an age of advertising. Unless your advertisement is better than your other competitors, the product will not be sold. II. Yes. The money spent on advertising is very huge and it inflates the cost of the product.?

Answer: Option 5 Clearly, it is the advertisement which makes the customer aware of the qualities of the product and leads him to buy it. So, argument I is valid....

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Direction : Two statements I and II are given. These statement may be either independent causes or may be effects of independent causes or a common cause. One of these statements may be the effect of the other statements. Read both the statements and decide which of the following answer choice correctly depicts the relationship between these two statements. Mark answer : I. India has surpassed the value of tea exports this year over all the earlier years due to an increase in demand for quality tea in the European market. II. There is an increase in demand of coffee in the domestic market during the last two years.?

Answer: Option 3 The two statements discuss two separate statistical and generalised results.

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Such plants which are adapted to survival under conditions a limited supply of water in its habitat are known as?

Answer: Option 3 A xerophyte is a species of plant that has adaptations to survive in an environment with little liquid water, such as a desert or an ice- or...

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Theory which states that interest equilibrium is result of demand and supply in trading market is classified as?

Answer: Option 4 Theory which states that interest equilibrium is result of demand and supply in trading market is classified as loanable funds theory. According to this approach, the interest...

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