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 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:

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

Explanation:

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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

Answer & Explanation Answer: B) Monopoly

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Q:

Who presented the first Union budget of independent India?

A) Morarji Desai	B) John Mathai
C) TT Krishnamachari	D) RK Shanmukham Chetty

Answer & Explanation Answer: D) RK Shanmukham Chetty

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Q:

Which Mughal Emperor was deported to Rangoon by the British?

A) Bahadur Shah Zafar	B) Bahadur Shah III
C) Bahadur Shah Ahmed Shah	D) Bahadur Shah I

Answer & Explanation Answer: A) Bahadur Shah Zafar

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Q:

Winner of 2015 "United Nations Champions of the Earth" award in the category Policy Leadership is ___.

A) Sheikh Hasina	B) Paul Polman
C) Narendra Modi	D) Barack Obama

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