Questions

Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Q:

The innovation theory of profit was proposed by

A) Marshall B) Clark
C) Schumpeter D) Joan Robbinson
 
Answer & Explanation Answer: C) Schumpeter

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Q:

The _________ of a firm is a relationship between inputs used and output produced by the firm.

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: B) Production function

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Q:

The word development in economics pertains to

A) democratic countries B) third world countries
C) advanced countries D) undeveloped countries
 
Answer & Explanation Answer: B) third world countries

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Q:

Which of the following Acts under the Indian Constitution is described by Article 21A?

A) Right to Education B) Right to Information
C) Representation of the People D) Right to Freedom of Religion
 
Answer & Explanation Answer: A) Right to Education

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Filed Under: Indian Politics
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Q:

In October 2017, who launched India’s 3rd biggest ‘Initial Public Offering (IPO)’ of Rs 11,370 crore?

 

A) Reliance Industries Ltd B) GIC Re
C) Coal India Ltd D) Infosys
 
Answer & Explanation Answer: B) GIC Re

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Q:

How much per cent of th e Indian population h ave access tointernet in India in 2015?

A) 20 percent B) 23 percent
C) 29 percent D) 26 percent
 
Answer & Explanation Answer: D) 26 percent

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Q:

If the angles of a triangle are in the ratio of 2:3:4, then the difference of the measure of greatest angle and smallest angle is

A) 20° B) 30°
C) 40° D) 50°
 
Answer & Explanation Answer: C) 40°

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