Questions

Q:

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent B) 7.65 percent
C) 8 percent D) 5.12 percent
 
Answer & Explanation Answer: C) 8 percent

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Filed Under: Indian Economy
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Q:

Recession is ___________.

A) reduction in production and employment for want of sufficient demand for goods B) rise in the cost of production, especially because of wage increase
C) increase in money supply without a matching increase in production D) No option is correct
 
Answer & Explanation Answer: A) reduction in production and employment for want of sufficient demand for goods

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Q:

Which of the following was built by the ancient Incas?

A) City of Petra B) Hagia Sophia
C) Machu Picchu D) Acropolis
 
Answer & Explanation Answer: C) Machu Picchu

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Filed Under: Indian History
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Q:

At the beginning of the 4th centuary CE, the Guptas established a small kingdom in ___.

A) Vatapi B) Magadh
C) Malwa D) Avadh
 
Answer & Explanation Answer: B) Magadh

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Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

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Q:

If for a perfectly competitive firm, price is Rs 7.2, output is 4500 units, average variable costs are Rs 1.2, and average total costs are Rs 4. The firm's profits are equal to

A) Rs 7200 B) Rs 9000
C) Rs 14400 D) Rs 19800
 
Answer & Explanation Answer: C) Rs 14400

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Q:

Which of the following is the main thinking part of the human brain?

A) Hind-brain B) Cerebellum
C) Mid-brain D) Fore-brain
 
Answer & Explanation Answer: D) Fore-brain

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Filed Under: Biology
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Q:

The universal natural auxin of plants is

A) IBA B) Citric auxin
C) NAA D) IAA
 
Answer & Explanation Answer: D) IAA

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Filed Under: Biology
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