Questions

Q:

Which of the following is also known as the Biochemical Laboratory of the Human Body?

A) Small Intestine B) Brain
C) Pancreas D) Liver
 
Answer & Explanation Answer: D) Liver

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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:

Which is the parameter for the economic development ?

A) Per capita monetary income B) National income
C) Per capita rural income D) Population
 
Answer & Explanation Answer: A) Per capita monetary income

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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 average revenue is zero.

A) Perfect Competition B) Monopoly
C) Oligopoly D) Monopolistic Competition
 
Answer & Explanation Answer: A) Perfect Competition

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Q:

What situation would result if Government expenditure exceeds the Government revenue on Current Account?

A) Deficit budgeting B) Zero­based budgeting
C) Performance­based budgeting D) Surplus budgeting
 
Answer & Explanation Answer: A) Deficit budgeting

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Q:

Name the respiratory organs of insects

A) Skin B) Body Surface
C) Gills D) Tracheae
 
Answer & Explanation Answer: D) Tracheae

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Q:

Which of the following is NOT included in the excretory system of human being?

A) A pair of kidney B) A pair of ureters
C) Abdomen D) Urinary bladder
 
Answer & Explanation Answer: C) Abdomen

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Q:

Which plant tissue is also known as growing tissue?

A) Only permanent tissue B) Only Meristematic tissue
C) Both Permanent and meristematic tissue D) Neither Permanent nor meristematic tissue  
 
Answer & Explanation Answer: B) Only Meristematic tissue

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