Questions

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:

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.

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Q:

Who among the following was not a member of Boxing team of India at Rio Olympics?

A) Shiv Thapa B) Manoj Kumar
C) Vikas Krishan D) Avtar Singh
 
Answer & Explanation Answer: D) Avtar Singh

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Q:

The Book "Romancing Targets: Get Closer to Selling in 7 Steps" was authored by

A) Nidhi Vadhera B) Rakesh Khurana
C) Rashmi Bansal D) Lynda Gratton
 
Answer & Explanation Answer: A) Nidhi Vadhera

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Q:

Work done by an object on application of a force would be zero if the displacement of the object is:

 

A) negative B) Positive
C) neutral D) Zero
 
Answer & Explanation Answer: D) Zero

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Q:

What denotes learned and shared beliefs and behaviors?

A) Culture B) Ethnicity
C) Group D) Descent
 
Answer & Explanation Answer: A) Culture

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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

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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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