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Q:

National income accountants can avoid multiple counting by

A) subtracting NDP from GDP B) add exports, but subtract imports
C) only counting final goods D) None of the above
 
Answer & Explanation Answer: C) only counting final goods

Explanation:
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Q:

In which of the following cases will total revenue increase?

A) Price rises and demand is inelastic B) Price falls and supply is inelastic
C) Price rises and demand is elastic D) Price falls and demand is inelastic
 
Answer & Explanation Answer: A) Price rises and demand is inelastic

Explanation:

In the case of, "Price rises and demand is inelastic", the total revenue increases.

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Q:

Name the veteran Agriculture Scientist who was recently awarded the 1st World Agriculture Prize for 2018.

A) Dr. Deepak Kumar B) Prof. Rakesh Agnihotri
C) Prof. MS Swaminathan D) None of the above
 
Answer & Explanation Answer: C) Prof. MS Swaminathan

Explanation:
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Q:

What two elements are used to make bronze?

A) Lead and copper B) copper and tin
C) Tin and lead D) copper and iron
 
Answer & Explanation Answer: C) Tin and lead

Explanation:

The two elements that are used to make bronze are tin and lead.

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Filed Under: Chemistry
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Q:

A sales tax is a type of

A) aggressive B) regressive
C) both A & B D) None of the above
 
Answer & Explanation Answer: B) regressive

Explanation:

Sales tax is an additional amount of money you pay based on a percentage of the selling price of goods and services that are purchased.

 

For example, if you purchase a new laptop Rs. 40000 and live in an area where the sales tax is 6%, you would pay Rs.2400 in sales tax.

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Filed Under: Indian Economy
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Q:

The federal government debt is equal to the

A) sum of past budget deficits minus the sum of past budget surpluses B) annual difference between federal government tax revenues and outlays
C) obligations of benefits from federal taxes and expenditures D) sum of all annual federal government outlays
 
Answer & Explanation Answer: A) sum of past budget deficits minus the sum of past budget surpluses

Explanation:

The federal government debt is equal to the sum of past budget deficits minus the sum of past budget surpluses.

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Q:

Operational excellence refers to companies that

A) are expensive but is expected to pay off in long-term loyalty and enhanced customer lifetime value B) are willing to tailor their products to particular customer needs
C) are good at production, delivery, price, and convenience D) pride themselves on quality and innovation
 
Answer & Explanation Answer: C) are good at production, delivery, price, and convenience

Explanation:

Operational excellence refers to companies that are good at production, delivery, price, and convenience.

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Q:

PM Narendra Modi inaugerated the first ever airport of this state?

A) Odisha B) Sikkim
C) Assam D) Chattisgarh
 
Answer & Explanation Answer: B) Sikkim

Explanation:

PM inaugurates Sikkim's first airport, the Pakyong airport in Sikkim is located around 60 km from the India-China border in the village Pakyong near Gangtok the Sikkim's capital city.

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