Question : Which among these is the correct reason for a good to be identified as a final good?
Option 1: It is not processed by a consumer after purchase.
Option 2: It cannot be recycled or reused.
Option 3: It is in the last stage of the product life cycle.
Option 4: It is not processed further by a producer.
Correct Answer: It is not processed further by a producer.
Solution : The correct answer is It is not processed further by a producer.
For a good to be identified as a final good, it is not processed further by a producer. Final goods are consumed by the end-user or purchaser and are not used as inputs in the production of another good. They are ready for consumption and represent the end product in production and distribution.
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Question : Sentences of a paragraph are given below in jumbled order. Select the option that arranges the sentences in the correct order to form a meaningful and coherent paragraph. A. The post-COVID period has caused many asymptomatic diseases. B. Though it cannot be believed for sure; the change in social life may be a major cause. C. These are people who suffered infection once or never at all. D. Some propose that survival post infection has changed the mindset of people.
Option 1: B, D, C, A
Option 2: B, D, A, C
Option 3: A, C, D, B
Option 4: A, C, B, D
Question : Fill in the blank with an appropriate option. It is important to ensure that we all have good, clean water to drink that is not ______ by heavy metals or chemicals.
Option 1: knotted
Option 2: clarified
Option 3: purged
Option 4: contaminated
Question : Which of the following sentences is incorrect about the government budget?
Option 1: The government budget is a constitutional requirement in India.
Option 2: It is a statement of estimated receipts and expenditures of the government for the financial year.
Option 3: It comprises two accounts.
Option 4: It is a statement of receipts and expenditures incurred by the government.
Question : What do you understand by the term "Dark Fermentation"?
Option 1: It is a method to dispose of nuclear waste.
Option 2: It is a method to produce methane from organic wastes.
Option 3: It is a method to reduce COD in the atmosphere.
Option 4: It is a method to produce hydrogen as fuel from wastewater.
Question : What is the rationale behind why one is ready to hold a ten rupee coin?
Option 1: It is finely and artistically minted
Option 2: It can be melted to extract metal worth 10 out of it
Option 3: Its value is backed by the issuing authority
Option 4: Its intrinsic value is greater than 10
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