1. In economics, what does the term "opportunity cost" refer to?
A. The total amount of money spent on a decision
B. The cost of producing additional units of a good
C. The loss of potential gain from other alternatives when one option is
chosen
D. The cost of raw materials used in production
Answer: C
Rationale: Opportunity cost is the value of the next best alternative that is
forgone when a decision is made. It is an important concept in economics
that helps individuals and businesses make choices.
2. Which of the following countries is a member of the European Union
(EU)?
A. Norway
B. Switzerland
C. United Kingdom
D. Germany
Answer: D
Rationale: Germany is a member of the European Union. Norway and
Switzerland are not EU members, and the United Kingdom left the EU in
2020.
3. What does the abbreviation 'ATM' stand for in banking?
,A. Automated Teller Machine
B. Account Transfer Method
C. Annual Transaction Method
D. Automated Transfer Module
Answer: A
Rationale: ATM stands for Automated Teller Machine, a machine that
allows customers to perform basic banking transactions without the need
for a bank teller.
4. In which part of the human brain is the 'center for emotions' primarily
located?
A. Cerebellum
B. Medulla
C. Hypothalamus
D. Cerebrum
Answer: C
Rationale: The hypothalamus is involved in regulating emotions, hormones,
and other vital functions like hunger and thirst. It plays a key role in
controlling emotional responses.
5. The Treaty of Versailles, signed in 1919, officially ended which major
conflict?
A. World War I
B. World War II
C. The American Civil War
, D. The Cold War
Answer: A
Rationale: The Treaty of Versailles officially ended World War I. It
imposed heavy penalties on Germany and redrew the map of Europe.
6. Who is known as the "Father of the Nation" in India?
A. Jawaharlal Nehru
B. Subhas Chandra Bose
C. Mahatma Gandhi
D. Sardar Vallabhbhai Patel
Answer: C
Rationale: Mahatma Gandhi is referred to as the "Father of the Nation" in
India due to his leadership in the Indian independence movement and his
philosophy of non-violent resistance.
7. Which of the following best describes the role of enzymes in biological
reactions?
A. Enzymes increase the energy required for a reaction
B. Enzymes decrease the speed of the reaction
C. Enzymes speed up the reaction by lowering activation energy
D. Enzymes are consumed in the reaction
Answer: C
Rationale: Enzymes are biological catalysts that speed up chemical
reactions by lowering the activation energy required. They are not
consumed in the process.
A. The total amount of money spent on a decision
B. The cost of producing additional units of a good
C. The loss of potential gain from other alternatives when one option is
chosen
D. The cost of raw materials used in production
Answer: C
Rationale: Opportunity cost is the value of the next best alternative that is
forgone when a decision is made. It is an important concept in economics
that helps individuals and businesses make choices.
2. Which of the following countries is a member of the European Union
(EU)?
A. Norway
B. Switzerland
C. United Kingdom
D. Germany
Answer: D
Rationale: Germany is a member of the European Union. Norway and
Switzerland are not EU members, and the United Kingdom left the EU in
2020.
3. What does the abbreviation 'ATM' stand for in banking?
,A. Automated Teller Machine
B. Account Transfer Method
C. Annual Transaction Method
D. Automated Transfer Module
Answer: A
Rationale: ATM stands for Automated Teller Machine, a machine that
allows customers to perform basic banking transactions without the need
for a bank teller.
4. In which part of the human brain is the 'center for emotions' primarily
located?
A. Cerebellum
B. Medulla
C. Hypothalamus
D. Cerebrum
Answer: C
Rationale: The hypothalamus is involved in regulating emotions, hormones,
and other vital functions like hunger and thirst. It plays a key role in
controlling emotional responses.
5. The Treaty of Versailles, signed in 1919, officially ended which major
conflict?
A. World War I
B. World War II
C. The American Civil War
, D. The Cold War
Answer: A
Rationale: The Treaty of Versailles officially ended World War I. It
imposed heavy penalties on Germany and redrew the map of Europe.
6. Who is known as the "Father of the Nation" in India?
A. Jawaharlal Nehru
B. Subhas Chandra Bose
C. Mahatma Gandhi
D. Sardar Vallabhbhai Patel
Answer: C
Rationale: Mahatma Gandhi is referred to as the "Father of the Nation" in
India due to his leadership in the Indian independence movement and his
philosophy of non-violent resistance.
7. Which of the following best describes the role of enzymes in biological
reactions?
A. Enzymes increase the energy required for a reaction
B. Enzymes decrease the speed of the reaction
C. Enzymes speed up the reaction by lowering activation energy
D. Enzymes are consumed in the reaction
Answer: C
Rationale: Enzymes are biological catalysts that speed up chemical
reactions by lowering the activation energy required. They are not
consumed in the process.
