Question : Diamonds are priced higher than water because :
Option 1: They are sold by selected firms with monopolistic powers.
Option 2: Their marginal utility to buyers is higher than that of water .
Option 3: Their total utility to buyers is higher than that of water.
Option 4: Consumers do not by them at lower prices .
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Correct Answer: Their marginal utility to buyers is higher than that of water .
Solution : The correct option is their marginal utility to buyers is higher than that of water .
The additional enjoyment or value that a buyer receives by purchasing one more unit of a good or service is referred to as marginal utility. In this instance, it suggests that compared to water, diamonds offer a higher level of added satisfaction. This explains why, in a normal market environment, diamonds are more expensive than water despite the fact that both are luxury goods and water is necessary for life.
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Question : Alcohol is more volatile than water because ________ is lower than water.
Option 1: its boiling point
Option 2: its density
Option 3: its viscosity
Option 4: its surface tension
Question : Which of the following is done at a stock exchange?
Option 1: Commodities are brought and sold at wholesale prices.
Option 2: Commodities are bought and sold at retail prices.
Option 3: Securities are bought and sold.
Option 4: None of these
Question : Select the option that expresses the given sentence in passive voice.
They will not water the plants.
Option 1: The plants will not be watered by them.
Option 2: The plants will not be watered by us.
Option 3: The plants are not be watered by them.
Option 4: They shall not water the plants.
Question : Select the correct passive form of the given sentence. They fired her because she was careless.
Option 1: She is being fired by them because she was careless.
Option 2: She is fired by them because she was careless.
Option 3: She had been fired by them because she was careless.
Option 4: She was fired by them because she was careless.
Question : Burns caused by steam are much severe than those caused by boiling water because
Option 1: Steam pierces through the pores of body quickly
Option 2: Steam has latent heat
Option 3: Steam is gas and engulfs the body quickly
Option 4: Temperature of steam is higher
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