Bharat Broadband Network Limited is associated with: MCQ with Answer and Explanation

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Bharat Broadband Network Limited is associated with:

A. road construction

B. rural water supply

C. National Optical Fibre Network

D. port development

Answer: Option C

Solution (By JKSSB Mock Tests)

Bharat Broadband Network Limited implements the National Optical Fibre Network for broadband connectivity.

This question belongs to: Economy GK Economy Set 1

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Practice More Economy Set 1 Questions

Question #1

Which of the following is a characteristic of the long-run equilibrium in perfect competition?

A. Price is greater than marginal cost

B. Firms earn supernormal profits

C. Price equals minimum average cost and firms earn normal profits

D. Firms operate with excess capacity

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Correct Answer: Option C

Explanation:
In long-run equilibrium under perfect competition, free entry and exit ensure that price equals minimum long-run average cost and firms earn only normal profits.

This question belongs to: Economy GK Economy Set 1

Question #2

Under perfect competition, the profit-maximizing condition for a firm is:

A. MR = MC and MC is rising

B. P = AC

C. TR is maximum

D. MR is maximum

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Correct Answer: Option A

Explanation:
A perfectly competitive firm maximizes profit where marginal revenue equals marginal cost and MC is rising.

This question belongs to: Economy GK Economy Set 1

Question #3

Currency appreciation generally makes exports:

A. cheaper

B. more expensive in foreign currency

C. free from tariffs

D. unchanged

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Correct Answer: Option B

Explanation:
When a currency appreciates, domestic goods become more expensive for foreign buyers, reducing exports.

This question belongs to: Economy GK Economy Set 1

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