When marginal product is zero, total product is: MCQ with Answer and Explanation

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When marginal product is zero, total product is:

A. negative

B. maximum

C. minimum

D. equal to average product

Answer: Option B

Solution (By JKSSB Mock Tests)

Total product is maximum when marginal product is zero.

This question belongs to: Economy GK Economy Set 1

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Question #1

The 'Washington Consensus' refers to a set of policies emphasizing:

A. trade barriers

B. liberalization, privatization and macroeconomic stability

C. nationalization

D. import substitution and state control

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Correct Answer: Option B

Explanation:
The Washington Consensus emphasized liberalization, privatization and macroeconomic stability.

This question belongs to: Economy GK Economy Set 1

Question #2

The 'Goods and Services Tax' on passenger transport by non-AC buses is:

A. 12%

B. 0%

C. 5%

D. exempt

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Correct Answer: Option D

Explanation:
Non-AC bus transport is exempt from GST.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'Universal Account Number' is related to which social security scheme?

A. Pension

B. EPF

C. Maternity benefit

D. Insurance

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Correct Answer: Option B

Explanation:
UAN is the universal account number for EPF members.

This question belongs to: Economy GK Economy Set 1

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