Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor	B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go	D) decreases unemployment

Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

If an unintended increase in business inventories occurs

A) aggregate expenditures must exceed the domestic output	B) we can expect businesses to lower the level of production
C) we can expect aggregate production to be unaffected	D) we can expect businesses to increase the level of production

Answer & Explanation Answer: B) we can expect businesses to lower the level of production

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Q:

Which of the following is considered a "diversified" investment?

A) Index Fund	B) Mutual Fund
C) Both of these	D) Neither of these

Answer & Explanation Answer: C) Both of these

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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same	B) higher
C) lower	D) minimum

Answer & Explanation Answer: A) same

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Q:

For a price taking firm, average revenue is ______ market price.

A) half of	B) equal to
C) double of	D) less than

Answer & Explanation Answer: B) equal to

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Q:

A manufacturer faces price elasticity of demand of a 1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent	B) 7.65 percent
C) 8 percent	D) 5.12 percent

Answer & Explanation Answer: C) 8 percent

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Q:

___ is known as a disease mostly caused by occupational health hazards.

A) Syphilis	B) Cirrhosis
C) Silicosis	D) Parkinson's

Answer & Explanation Answer: C) Silicosis

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Filed Under: Biology
Exam Prep: AIEEE , Bank Exams

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Q:

The Dr. B. C. Roy awards, instituted in 1962, are given to eminent achievers primarily from which field?

A) Medicine	B) Law
C) Sports	D) Journalism

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