Questions

Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Filed Under: Indian Economy
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Q:

What is the valency of magnesium?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Filed Under: Chemistry
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Q:

Which institution in India acts as 'lender of the last resort'?

A) Finance Ministry B) Reserve Bank of India
C) Treasury D) Currency Printing Presses
 
Answer & Explanation Answer: B) Reserve Bank of India

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Filed Under: Business Awareness
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Q:

The Shanti Swarup Bhatnagar Prize is annually awarded for outstanding achievement in which area?

A) Science and Technology B) Indian Classical Music
C) Tribal Art Forms D) Literature
 
Answer & Explanation Answer: A) Science and Technology

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Filed Under: Honours and Awards
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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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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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Q:

What are the receptors for detecting taste called?

A) Sensory receptors B) Chemical receptors
C) Olfactory receptors D) Gustatory receptors
 
Answer & Explanation Answer: D) Gustatory receptors

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Filed Under: Biology
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Q:

How many litres of blood does an adult body have?

A) 3 B) 4
C) 5 D) 6
 
Answer & Explanation Answer: C) 5

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Filed Under: Biology
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