Question : The equilibrium of a firm under perfect competition will be determined when:

Option 1: Marginal Revenue > Average cost

Option 2: Marginal Revenue > Average Revenue

Option 3: Marginal Revenue = Marginal cost

Option 4: Marginal cost > Average cost

Question : Match the characteristics with their market structure:

(a) Marginal Cost (MC) = Market Price(MR)

(b) The firm will tend to set output to earn maximum profit.

Option 1: (a) Pure competition, and (b) Pure monopoly 

Option 2: (a) Pure monopoly, and  (b) Monopolistic competition  

Option 3: (a) Oligopoly, and (b) Monopolistic competition 

Option 4: (a) Pure competition, and (b) Oligopoly 

Question : Select the option that expresses the given sentence in active voice.

When will the results of the dance competition be announced?

Option 1: When will they are announcing the results of the dance competition?

Option 2: When will they announce the results of the dance competition?

Option 3: When they will announce the results of the dance competition?

Option 4: Will they announce the results of the dance competition?

Question : Swachh Toycathon Competition 2022 was launched in India by Ministry of______________.

Option 1: Finance

Option 2: Commerce and Industry

Option 3: Housing and Urban Affairs

Option 4: Culture

Question : Comprehension:

Read the given passage and answer the questions that follow.

Such examples of commercial success, innovation, drive, vision, determination, adaptability, and adventure are anchored in the basic Indian openness to, and talent for, acquiring material wealth. For every success story, there are, of course, dozens of failures. Traditional Indian firms have their strengths, but also their weaknesses, and of these perhaps the most debilitating are a lack of teamwork and a weakness for a quick profit. These reflect ingrained ways of thinking and planning, as does the distrust of anyone outside the family, which inhibits the adoption of modern practices of management. But such weaknesses are more than compensated for by the desire to succeed, which is probably more intense in India, given the omnipresent fear of poverty, the cut-throat competition for each opportunity, and the asphyxiating hold of hierarchy.

Question:
Why is the desire to succeed more intense in India?

Option 1: Due to the hold of hierarchy, fear of poverty, and a lack of teamwork.

Option 2: Due to fear of poverty, a lack of teamwork and distrust of the outsider.

Option 3: Due to cut-throat competition, distrust of the outsider and fear of poverty.

Option 4: Due to fear of poverty, cut-throat competition, and the hold of hierarchy.