Questions

Q:

In perfect competition _____.

A) Products can be similar or different B) Producer can control price by controlling production
C) Demand curve is perfectly elastic D) All firms make economic profit in the long run
 
Answer & Explanation Answer: C) Demand curve is perfectly elastic

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1 B) 1
C) -1.25 D) 1.25
 
Answer & Explanation Answer: A) -1

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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Q:

In which form is glucose stored in our body?

A) Insulin B) Glucose
C) Glycogen D) Fat
 
Answer & Explanation Answer: C) Glycogen

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Q:

The concept of Triratna belonged to

A) Sikhism B) Jainism
C) Buddhism D) Zoroastrianism
 
Answer & Explanation Answer: C) Buddhism

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Filed Under: Indian Culture
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Q:

Working capital is a measure of

A) liquidity B) consistency
C) profitability D) solvency
 
Answer & Explanation Answer: A) liquidity

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Q:

Which of the following has open vascular system?

A) Cockroach B) Human
C) Rat D) Birds
 
Answer & Explanation Answer: A) Cockroach

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Filed Under: Biology
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Q:

Who is the author of "Our Impossible Love"?

A) Preeti Shenoy B) Ravinder Singh
C) Keshav Aneel D) Durjoy Datta
 
Answer & Explanation Answer: D) Durjoy Datta

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