Questions

Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

_______ is issued when the court finds that a particular office holder is not doing legal duty and thereby is infringing on the right of an individual.

A) Habeas Corpus B) Mandamus
C) Prohibition D) Quo Warranto
 
Answer & Explanation Answer: B) Mandamus

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Q:

An increase in the growth rate of the nominal money supply results in

A) Lower rate of inflation B) Higher rate of inflation
C) Lower interest rates D) Currency appreciation
 
Answer & Explanation Answer: B) Higher rate of inflation

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Q:

If demand curve for renting a car is D = 90000 -­ 23P and supply curve is S = 9000 + 7P, find the equilibrium Price?

A) Rs 1800 B) Rs 900
C) Rs 3600 D) Rs 2700
 
Answer & Explanation Answer: D) Rs 2700

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Q:

In India, which of the following is regulated by the Forward Markets Commission?

A) Currency Futures Trading B) Commodities Futures Trading
C) Equity Futures Trading D) Both Commodities Futures and Financial Futures Trading
 
Answer & Explanation Answer: B) Commodities Futures Trading

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Q:

Which one of the following is lyophilic colloid?

A) Gold sol B) Smoke
C) Cloud D) Starch aqueous solution
 
Answer & Explanation Answer: D) Starch aqueous solution

Explanation:

Starch aqueous solution is a lyophilic colloidal solution.

 

Lyophilic colloids are liquid loving colloids.  When these colloids are mixed with suitable liquid high force of attraction exists between colloidal particles and liquid.

 

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Q:

A study published in PLOS Medicine found that obesity was the cause of 1 in 10 deaths in the United States. Also, obesity was the third-leading cause of death in men and women, after high blood pressure and smoking. Hence, many doctors believe that it’s high time obesity be placed in the category of serious diseases as it not only decreases life expectancy but also impairs the normal functioning of the body.
Which of the following statements, if true, undermines the given argument?

A) Extreme obesity can shorten a person's life span by 10 years. B) Obesity is the result of eating of too much and of a sedentary lifestyle and cannot be defined as a disease per se.
C) Obesity can be a genetic disorder such as sickle-cell anemia and Tay- Sachs, which are classified as diseases. D) The Food and Drug Administration, the American Heart Association, the American College of Cardiology, and the Obesity Society, the National Heart, Lung, and Blood Institute, and the American College of Gastroenterology have i
 
Answer & Explanation Answer: B) Obesity is the result of eating of too much and of a sedentary lifestyle and cannot be defined as a disease per se.

Explanation:

The given argument states that obesity should be categorized as a serious disease as it is known to decrease life expectancy and to harm the normal functioning of the body just like any other life-threatening disease. Option B undermines the argument by pointing out that obesity is mostly a lifestyle problem and not a disease. Compared to 40 years ago, people today spend more time commuting, sitting in front of a computer, watching television, playing video games, and generally exercising less, and end up burning fewer calories. Hence, option 2 is the correct answer.

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