Question : If "PP" of "PPF" in Microeconomics is "Production Possibility", then "F" stands for:
Option 1: Finance
Option 2: Fund
Option 3: Failure
Option 4: Frontier
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Correct Answer: Frontier
Solution : The correct answer is Frontier.
In Microeconomics, PPF stands for Production Possibility Frontier. The PPF is a curve in business analysis that shows the variations in the quantities that can be generated from two goods if both depend upon the same finite resources for their production. The shape of the PPF depends on whether they are increasing, decreasing or at constant costs.
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Question : When there is a growth of resources, a concave "production possibility curve" will:
Option 1: shift leftward
Option 2: shift rightward
Option 3: become straight
Option 4: become convex
Question : Which of the following funds accounts for flows for those transactions where the government is merely acting as a banker?
Option 1: Customs Fund
Option 2: Consolidated Fund
Option 3: Public Account Fund
Option 4: Contingency Fund
Question : Directions: Among five objects E, F, G, H, and K, the weight of H is 3 times the weight of K. The weight of G is 7.5 kg. The weight of E is twice the weight of F. The weight of K is 4 times the weight of G. If the weights of F and G are equal, then which is the second heaviest object?
Option 1: K
Option 2: H
Option 3: E
Option 4: F
Question : Directions: In the following question, some parts of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If the sentence is free from error, select "No Error".
The Roman Church of Catholics (1) / is one of the (2) / precious institutions. (3) / No Error (4)
Option 1: 1
Option 2: 2
Option 3: 3
Option 4: 4
I have written (1) / a letter for the issue (2) / of sports equipments. (3) / No Error (4)
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