Questions

Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases. B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases. D) if the price of a good increases, the quantity demanded of that good increases.
 
Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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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:

What was the Gross Domestic Product (GDP) for India in 2016-17 Financial Year?

A) 6.10% B) 7.10%
C) 8.10% D) 6.70%
 
Answer & Explanation Answer: B) 7.10%

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Q:

The demand for a inferior good increases with ________ in the consumer's income.

A) increase B) decrease
C) constant D) double
 
Answer & Explanation Answer: B) decrease

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Q:

In the following passage, some of the words have been left out. Read the passage carefully and select the correct answer for the given blank out of the four alternatives.

 

Society and individuals will evolve __________ changing times. Technology will continue to play an increasingly ____________ role in our lives in the years to come. Passing the blame on to technology is the easiest thing to do, but how we _____________ to use technology is an individual decision. In an attempt to be connected with the world _______ large, are we getting disconnected with the people who mean the most to us? This is a question worth pondering _________.

 

Society and individuals will evolve __________ changing times.

 

A) by   B) so  
C) if D) with
 
Answer & Explanation Answer: D) with

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Filed Under: English
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Q:

The capacity to do work is called

A) Pressure B) Force
C) Power D) Energy
 
Answer & Explanation Answer: D) Energy

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Filed Under: Physics
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Q:

Which of the following is used to detect current in a circuit?

A) Galvanometer B) Anemometer
C) Barometer D) Lactometer
 
Answer & Explanation Answer: A) Galvanometer

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