PREVIOUS YEAR SOLVED PAPERS - June 2019
77. What is the probability that sum of outcomes on pair of dice is equal to 8?
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- Option : B
- Explanation : The outcomes of favourable to the event ‘sum of two numbers is 8’ are (6, 2), (5, 3), (4, 4), (3, 5) and (2, 6). There are 5 in number:
78. The essence of the law of diminishing returns is:
- Option : B
- Explanation : The law of diminishing marginal returns states that as more of a variable resource is combined with a given amount of another resource, marginal product eventually declines. The law of diminishing marginal returns is the most important feature of production in the short run.
- Option : A
- Explanation : Step-1 : Higher of Municipal value and Fair Rent in this case it will be higher of 450,000 and 5,00,000, So it will be 5,00,000 (let us call it as A).
Step 2 : Lower of A and Standard Rent so it will be lower of 5,00,000 and 4,80,000, So will be 4,80,000. (let us call it B)
Step 3 : Higher of ‘B’ and Actual Rent, So it will be Higher of 4,80,000 and 4,20,000. So the GAV will be 4,80,000.
