Questions

Q:

Which among the following is not an instrument of fiscal policy?

A) Taxation B) Public expenditure
C) Public debt D) Credit Rationing
 
Answer & Explanation Answer: D) Credit Rationing

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Q:

Goods which are consumed together are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: C) Complementary goods

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Q:

Movement along the supply curve is known as ______

A) Contraction of supply B) Expansion of supply
C) Increase in supply D) Expansion and contraction of supply
 
Answer & Explanation Answer: D) Expansion and contraction of supply

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Q:

The collection of all possible combinations of the goods and services that can be produced from a given amount of resources and a given stock of technological knowledge is called the ____________ of the economy.

A) Resource Probability Set B) Production Probability Set
C) Resource Possibility Set D) Production Possibility Set
 
Answer & Explanation Answer: D) Production Possibility Set

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Q:

If demand curve for trekking boots is D = 67500 - 18P and supply curve is S = 22500 + 12P, find the equilibrium Price?

A) 1500 B) 750
C) 2250 D) 500
 
Answer & Explanation Answer: A) 1500

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Q:

By volume, 78% of air is _______________

A) nitrogen B) oxygen
C) hydrogen D) helium
 
Answer & Explanation Answer: A) nitrogen

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Q:

Which of the following allotropes of Carbon is used as a reducing agent in metallurgy?

A) Carbon Black B) Graphite
C) Charcoal D) Coke
 
Answer & Explanation Answer: D) Coke

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Q:

Ranthambhore Fort is in

A) Maharashtra B) Orissa
C) Rajasthan D) Sikkim
 
Answer & Explanation Answer: C) Rajasthan

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