Q:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.	B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions.	D) the extent to which a market is competitive.

Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

Explanation:

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Q:

Which of the below options is called a laughing gas?

A) N2O	B) CO2
C) H2O	D) SO2

Answer & Explanation Answer: A) N2O

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Q:

Which three processes are methods of genetic recombination?

A) independent assortment	B) Crossing over
C) fertilization	D) All the above

Answer & Explanation Answer: D) All the above

Explanation:

Genetic recombination is a complex process that involves alignment of two homologous DNA strands, precise breakage of each strand, equal exchange of DNA segments between the two strands, and sealing of the resultant recombined DNA molecules through the action of enzymes called ligases.

Crossing over, independent assortment and fertilization are methods of genetic recombination.

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Q:

The major ingredient of sweetened soft drink is

A) Carbonated water	B) Hydrochloric acid
C) Phosphoric acid	D) Caffeine

Answer & Explanation Answer: A) Carbonated water

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Q:

Grand Anicut Canal system, is located in which state?

A) Tamil Nadu	B) Madhya Pradesh
C) Telangana	D) Andhra Pradesh

Answer & Explanation Answer: A) Tamil Nadu

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Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5	B) 4.5
C) 3.5	D) 2.5

Answer & Explanation Answer: C) 3.5

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Q:

In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was

A) 7.50%	B) 4.50%
C) 4%	D) 0.25%

Answer & Explanation Answer: B) 4.50%

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Q:

If the ___________ firm has zero costs or only has fixed cost, the quantity supplied in equilibrium is given by the point where the marginal revenue is zero.

A) Perfect Competition	B) Monopoly
C) Oligopoly	D) Monopolistic Competition

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