Questions

Q:

Which one among the following administers the International Development Association (IDA)?

A) UNDP B) UNIDO  
C) IFAD   D) IBRD
 
Answer & Explanation Answer: D) IBRD

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Q:

Full employment is the level at which there is _____.

A) no frictional unemployment B) no cyclical unemployment
C) no structural unemployment D) no unemployment
 
Answer & Explanation Answer: B) no cyclical unemployment

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Q:

Which of these countries got Independence from United Kingdom?

A) Uzbekistan B) India
C) Venezuela D) South Korea
 
Answer & Explanation Answer: B) India

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Q:

Western blot is the diagnostic test for

A) Plague B) Leprosy
C) HIV D) Typhoid
 
Answer & Explanation Answer: C) HIV

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Q:

Which of the following branch of medical science deals with the study and treatment of the liver?

A) Helcology B) Hepatology
C) Heterology D) Geriatrics
 
Answer & Explanation Answer: B) Hepatology

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Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5 B) 4.5
C) 3.5 D) 2.5
 
Answer & Explanation Answer: C) 3.5

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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:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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