Questions

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:

The centre of the reflecting surface of a spherical mirror is called the

A) radius B) centre of curvature
C) pole D) focus
 
Answer & Explanation Answer: C) pole

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.


Carry out a task clumsily or incompetently

 

A) B)
C) D)
 
Answer & Explanation Answer: A)

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Q:

A good measure of the standard of living is

A) SGP B) GDP
C) Percapita income D) None
 
Answer & Explanation Answer: B) GDP

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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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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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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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Q:

The determinants of aggregate demand

A) Consumption expenditure B) Investment expenditure
C) Government expenditure D) All the above
 
Answer & Explanation Answer: D) All the above

Explanation:

Aggregate demand is the total demand for final goods and services in an economy at a given time.

A.D. = C + I + G + (X-M)

where,

A.D. is Aggregate Demand

C is consumption expenditure

I is Investment expenditure

G is Government expenditure and

(X-M) are Net exports (expenditure on Exports).

 

 

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