Q:

Deindustrialisation means

A) uprooting of people from agriculture and planting them in industries	B) uprooting of people from agriculture and planting them in industries
C) a deliberate effort to compel the existing industries to shut down	D) a deliberate effort to promote the new industries

Answer & Explanation Answer: B) uprooting of people from agriculture and planting them in industries

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Filed Under: Indian Economy
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Q:

Who is number 1 in the Forbes 2016 ranking of World's billionaires?

A) Warren Buffet	B) Amancio Ortega
C) Bill Gates	D) Carlos Slim Helu

Answer & Explanation Answer: C) Bill Gates

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Filed Under: General Awareness
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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent	B) 7.8 percent
C) 10.2 percent	D) 10 percent

Answer & Explanation Answer: A) 7.5 percent

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding.	B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding.	D) net income by average common shares outstanding.

Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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Q:

The production possibilities curve illustrates the basic principle that

A) an economy's capacity to produce increases in proportion to its population size.	B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically seek that level of output at which all of its resources are employed.	D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

Answer & Explanation Answer: D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530	B) Rs 1050
C) Rs 50	D) Rs 1350

Answer & Explanation Answer: D) Rs 1350

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Q:

Which state of India produces the highest quantity of Jute?

A) Bihar	B) Odisha
C) West Bengal	D) Jharkhand

Answer & Explanation Answer: C) West Bengal

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Filed Under: Indian Geography
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Q:

Which part of the brain regulates breathing?

A) Cerebellum	B) Medulla
C) Fore-brain	D) Mid-brain

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