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Q:

Which of the following best defines free trade?

A) Imports are discouraged B) There are no restrictions on exports and imports  
C) There are no duties levied on export   D) Imported goods are made duty free  
 
Answer & Explanation Answer: B) There are no restrictions on exports and imports  

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Filed Under: Indian Economy
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Q:

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent B) 7.65 percent
C) 8 percent D) 5.12 percent
 
Answer & Explanation Answer: C) 8 percent

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Q:

The universal natural auxin of plants is

A) IBA B) Citric auxin
C) NAA D) IAA
 
Answer & Explanation Answer: D) IAA

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Filed Under: Biology
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Q:

In human body, vertebrae are part of ___.

A) Intestine B) Liver
C) Spinal cord D) Brain
 
Answer & Explanation Answer: C) Spinal cord

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Q:

Which of the following is the main thinking part of the human brain?

A) Hind-brain B) Cerebellum
C) Mid-brain D) Fore-brain
 
Answer & Explanation Answer: D) Fore-brain

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Q:

Which part of the human brain is the centre for intelligence, memory and emotions?

A) Hypothalamus B) Cerebrum
C) Corpus Callosum D) Mid Brain
 
Answer & Explanation Answer: B) Cerebrum

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Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

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Q:

Recession is ___________.

A) reduction in production and employment for want of sufficient demand for goods B) rise in the cost of production, especially because of wage increase
C) increase in money supply without a matching increase in production D) No option is correct
 
Answer & Explanation Answer: A) reduction in production and employment for want of sufficient demand for goods

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