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Q:

An increase in the price of a good will

A) decrease demand B) increase quantity demanded
C) increase demand D) decrease quantity demanded
 
Answer & Explanation Answer: D) decrease quantity demanded

Explanation:

In economics we study that, if the price of a good increases the demand in its quantity decreases or the demand for its complimentary good increases.

 

For example, if the rice of a good increased by 5%, the demand in its quantity decreases by 10% approximately.

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Filed Under: Business Awareness
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2 1853
Q:

A market is said to be in equilibrium when

A) There is downward pressure on price B) The amount consumers wish to buy at the current price equals the amount producers wish to sell at that price
C) All buyers are able to find sellers willing to sell to them at the current price D) Supply equals demand
 
Answer & Explanation Answer: D) Supply equals demand

Explanation:

A market is said to be in equilibrium when market demand is equal to market Supply.

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3 1853
Q:

Chanakya was known as ______.

A) Rajasekhara B) Tejasvi
C) Kautilya D) Vatsyayana
 
Answer & Explanation Answer: C) Kautilya

Explanation:
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Q:

Who discovered Antarctica?

A) James Cook B) Friedrich Miescher
C) George Crum D) Christopher Columbus
 
Answer & Explanation Answer: A) James Cook

Explanation:
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1 1852
Q:

Three words in bold letters are given in each question, which have something in common among themselves. Out of the four given alternatives, choose the most appropriate description about these three words.

Abhi Bhattacharya: Utpal Dutt: Satyajit Ray

A) They are character actors. B) They are directors of Bengali movies.
C) They are famous poets and writers. D) These personalities belong to Bengal.
 
Answer & Explanation Answer: D) These personalities belong to Bengal.

Explanation:

All these late silver screen personalities belonged to Bengal.

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Q:

To convert temperature from Celcius to Kelvin scale, you must ___ the given temperature.

A) subtract 273 B) multiply 273
C) add 273 D) divide by 273
 
Answer & Explanation Answer: C) add 273

Explanation:
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Filed Under: Physics
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1 1852
Q:

Which of these is India's National Anthem?

A) Ae Mere Pyare Watan B) Maa Tujhe Salaam
C) Aisa Desh Hai Mera D) Jana Gana Mana
 
Answer & Explanation Answer: D) Jana Gana Mana

Explanation:
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Q:

What is the current reverse repo rate of RBI? 

A) 5.75% B) 6.25%
C) 6% D) 5.40%
 
Answer & Explanation Answer: D) 5.40%

Explanation:

5.40% is the current reverse repo rate of RBI as of 2019. As of 2018 it is 6.5%. 

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