Questions

Q:

Price elasticity of demand is generally

A) tends to be smaller in the short run than in the long run. B) tends to be smaller in the long run than in the short run.
C) tends to be unrelated to the length of time. D) tends to be larger in the short run than in the long run.
 
Answer & Explanation Answer: A) tends to be smaller in the short run than in the long run.

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Filed Under: Indian Economy
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Q:

To pinpoint a Criminal, Forensic Department uses the technique called?

A) DNA Editing B) DNA Splicing
C) DNA Fingerprinting D) DNA Amplification
 
Answer & Explanation Answer: C) DNA Fingerprinting

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Filed Under: Physics
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If asentence is free from error, select 'No Error'.


The Taj Mahal can be (1)/ called jewel (2)/ of the nation. (3)/ No error (4)

 

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one. D) APS is positive at all income levels.
 
Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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Q:

Who won majority of the men's singles tennis grand slam tournaments in 2015?

A) Andy Murray B) Novak Djokovic
C) Roger Federer D) Stanislas Wawrinka
 
Answer & Explanation Answer: B) Novak Djokovic

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Filed Under: Sports
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Q:

In the following figure, rectangle represents brand managers, circle represents cartoonist, triangle represents sculptors and square represents fathers. Which set of letters represents fathers who are either brand managers or cartoonists?

A) GDF B) FDB
C) BCG D) FDH
 
Answer & Explanation Answer: B) FDB

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