Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist	B) Socialist
C) Mixed	D) Both Capitalist and Socialist

Answer & Explanation Answer: A) Capitalist

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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units	B) 4500 units
C) 10500 units	D) 6000 units

Answer & Explanation Answer: D) 6000 units

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Q:

What is the number of atoms constituting a molecule known as?

A) Atomicity	B) Atomic mass
C) Atomic number	D) Isotopes

Answer & Explanation Answer: A) Atomicity

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Q:

In August 2017, RBI announced to transfer approximately how much amount for the Financial Year 2016-17 as a dividend to the Government?

A) Rs 30,659 crore	B) Rs 50,650 crore
C) Rs 60,659 crore	D) Rs 70,659 crore

Answer & Explanation Answer: A) Rs 30,659 crore

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Q:

Which one of the following derives nutrition from plants as a parasite?

A) Malaria Parasite	B) Lice
C) Bryophyllum	D) Cuscuta

Answer & Explanation Answer: D) Cuscuta

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Filed Under: Biology
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Q:

Insure payment of minimum wages for tea leave pickers

A) will improve quality of tea.	B) will reduce unemployment of tea leave pickers.
C) decreases unemployment.	D) will increase picking cost for all tea companies.

Answer & Explanation Answer: D) will increase picking cost for all tea companies.

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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:

India-born Leo Varadkar became the Prime Minister of which of the following countries?

A) Sri Lanka	B) Scotland
C) South Africa	D) Ireland

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