Questions

Q:

What does Trypsin do?

A) Breaks down Carbohydrates B) Synthesizes proteins
C) Breaks down fats D) Breaks down proteins
 
Answer & Explanation Answer: D) Breaks down proteins

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Q:

If at a price, market supply is greater than market demand, we say that there is ________ in the market at that price.

A) Equilibrium B) Excess Demand
C) Excess Supply D) Marginal Revenue
 
Answer & Explanation Answer: C) Excess Supply

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Filed Under: Indian Economy
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Q:

If demand curve for racing cycles is D = 80200 ­ 13P and supply curve is S = 6200 + 12P, What is the equilibrium Quantity?

A) 2960 units B) 31220 units
C) 8750 units D) 41720 units
 
Answer & Explanation Answer: D) 41720 units

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Filed Under: Indian Economy
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Q:

Short run marginal cost curve cuts the short run average cost curve from _______ at the minimum point of short run average cost.

A) top B) below
C) right D) left
 
Answer & Explanation Answer: B) below

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Q:

Time period of Annual Plans was ___________.

A) 1990-1992 B) 1987-1990
C) 1992-1994 D) No option is correct
 
Answer & Explanation Answer: A) 1990-1992

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Q:

Which one of the following events is not correctly matched with the year in which it happened?

A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985 B) Conclusion of the Uruguay Round of GATT—1994
C) Inauguration of the World Trade Organization—1995 D) Establishment of the first wholly electronic stock exchange (Nasdaq)—1971
 
Answer & Explanation Answer: A) Inauguration of the SWIFT system of electronic inter bank fund transfers worldwide—1985

Explanation:

•SWIFT was founded in the 1970s, based on the ambitious and innovative vision of creating a global financial messaging service, and a common language for international financial messaging.

•The Uruguay Round was the 8th round of multilateral trade negotiations (MTN) conducted within the framework of the General Agreement on Tariffs and Trade (GATT), spanning from 1986 to 1994 and embracing 123 countries as "contracting parties".

•The World Trade Organization (WTO) is an intergovernmental organization that regulates international trade. The WTO officially commenced on 1 January 1995 under the Marrakesh Agreement.

•Founded by the National Association of Securities Dealers, the NASDAQ began trading on February 8, 1971, as the world's first electronic stock market.

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Filed Under: General Awareness
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Q:

In Computer programming there is set of subroutinedefinitions, protocols, and tools for building software andapplications. Which among the following is a term for setsof requirements that govern how one application can talkto another?

A) UPS B) API
C) CGI D) J2EE
 
Answer & Explanation Answer: B) API

Explanation:

An API may be for a web-based system, operatingsystem, database system, computer hardware, orsoftware library. It is an acronym for ApplicationProgramming Interface. An API specifies how softwarecomponents should interact and APIs are used whenprogramming graphical user interface (GUI)components.

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Q:

The President of India appoints how many Chief Election Commissioner(s)?

A) One B) Two
C) Three D) Four
 
Answer & Explanation Answer: A) One

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