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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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Filed Under: Indian Economy
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Q:

WHICH OF THE FOLLOWING IS not A RENEWABLE SOURCE OF ENERGY?

A) Wind energy B) Geothermal energy
C) Energy from fossils D) Solar energy
 
Answer & Explanation Answer: C) Energy from fossils

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Filed Under: General Science
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Q:

Glaciers are formed by

A) Melting snow B) Accumulation of snow
C) Heavy hail fall D) High rainfall
 
Answer & Explanation Answer: B) Accumulation of snow

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Q:

Which country among the following is the smallest in terms of area?

A) Brazil B) India
C) Canada D) Russia
 
Answer & Explanation Answer: B) India

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Filed Under: World Geography
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Q:

The Gobi Desert is one of the largest deserts on Earth. A part of it lies in which of the following countries?

A) Australia B) Saudi Arabia
C) Mongolia D) Madagascar
 
Answer & Explanation Answer: C) Mongolia

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Filed Under: World Geography
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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Filed Under: Indian Economy
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Q:

Rajaji National Park is in ___.

A) Tamil Nadu B) Uttarakhand
C) Karnataka D) Kerala
 
Answer & Explanation Answer: B) Uttarakhand

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Filed Under: Indian Geography
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Q:

Monetary policy refers to the actions the Federal Reserve takes to manage

A) income tax rates and interest rates to pursue its economic objectives. B) government spending and income tax rates to pursue its economic objectives.
C) the money supply and income tax rates to pursue its economic objectives. D) the money supply and interest rates to pursue its economic objectives.
 
Answer & Explanation Answer: D) the money supply and interest rates to pursue its economic objectives.

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Filed Under: Indian Economy
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