Questions

Q:

The average variable cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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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:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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Q:

Which law states that bad money drives good money out of circulation?

A) Wagner's law B) Grimm's law
C) Gresham's law D) Keynes' law
 
Answer & Explanation Answer: C) Gresham's law

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Q:

ITF Davis Cup is structured with a ___ nation World Group.

A) 8 B) 16
C) 20 D) 24
 
Answer & Explanation Answer: B) 16

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Q:

Who is the author of the book “A Life Less Ordinary : A Memoir”?

A) Salman Rushdie B) Arundhati Roy
C) Baby Halder D) Rohinton Mistry
 
Answer & Explanation Answer: C) Baby Halder

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Q:

Who is the author of "I Too Had A Love Story"?

A) Jhumpa Lahiri B) Amish Tripathi
C) Ravinder Singh D) Salman Rushdie
 
Answer & Explanation Answer: C) Ravinder Singh

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Q:

When was the battle of Chillianwala fought?

A) 1865 B) 1892
C) 1849 D) 1856
 
Answer & Explanation Answer: C) 1849

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