Questions

Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good B) Giffin good
C) Inferior good D) Normal good
 
Answer & Explanation Answer: A) Superior good

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Filed Under: Indian Economy
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Q:

The second most senior office in the country is of _____ .

A) Office of the President of India B) Office of the Prime Minister of India
C) Office of the Vice President of India D) Office of the Chief Justice of India
 
Answer & Explanation Answer: C) Office of the Vice President of India

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Filed Under: Indian Politics
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Q:

A lens has a power +2.0 D. The type of lens and its focal length will be

A) Concave, -0.5 m B) Convex, 0.5 m
C) Concave, 0.5 m D) Convex, -0.5 m
 
Answer & Explanation Answer: B) Convex, 0.5 m

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Filed Under: Physics
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Q:

How many constellations have been named?

A) 88 B) 99
C) 90 D) 87
 
Answer & Explanation Answer: A) 88

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Filed Under: General Science
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Q:

The market structure called monopoly exists where there is exactly ______ seller in any market.

A) 1 B) 2
C) 5 D) 10
 
Answer & Explanation Answer: A) 1

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Filed Under: Business Awareness
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Q:

Which of the following IAF man has been posthumously awarded Ashoka Chakra, the country’s highest peace time gallantry medal?

 

A) Rajinder Kumar B) Jyoti Prakash Nirala
C) Harshvardhan Negi D) Anant Thakur
 
Answer & Explanation Answer: B) Jyoti Prakash Nirala

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

If demand curve for racing cycles is D = 59600 - 6P and supply curve is S = 29600 + 4P, find the equilibrium Quantity?

A) 118000 B) 300
C) 41600 D) 6000
 
Answer & Explanation Answer: C) 41600

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