Q:

Backward bending supply curve belongs to which market?

A) Capital	B) Labour
C) Money	D) Inventories

Answer & Explanation Answer: C) Money

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Q:

In India all of the following are sources for government revenue, except?

A) Agricultural income tax	B) Anti dumping duty
C) Perquisite tax	D) Toll tax

Answer & Explanation Answer: A) Agricultural income tax

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Q:

The demand curve _____.

A) shows that as the price of a good increases, demand for the good will increase	B) shows that as the price of a good increases, demand for the good will decrease
C) has a positive gradient	D) indicates that there is a direct relationship between quantity demanded and price

Answer & Explanation Answer: B) shows that as the price of a good increases, demand for the good will decrease

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Q:

When milk becomes sour, ___ is produced.

A) Lactose	B) Lactic acid
C) Salicylic acid	D) Linoleic acid

Answer & Explanation Answer: B) Lactic acid

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Q:

What is the Greenhouse Effect?

A) The fall in population of plants due to human activity	B) It is the warming of earth's surface due to its atmosphere
C) The polluting effect of burning fossil fuels	D) The heating of the atmosphere due to depletion of the ozone layer

Answer & Explanation Answer: B) It is the warming of earth's surface due to its atmosphere

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Q:

How many atoms will one mole of Carbon (C-12) contain?

A) 6.02 x 1023	B) 8.06 x 1020
C) 6.02 x 1026	D) 60.20 x 1026

Answer & Explanation Answer: A) 6.02 x 1023

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Q:

What is C12H22O11 also known as

A) Sand	B) Sugar
C) Salt	D) Clay

Answer & Explanation Answer: B) Sugar

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Q:

Which country won the first cricket world cup?

A) New Zealand	B) West Indies
C) England	D) Australia

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