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Q:

An increase of 1% per annum in the rate of growth of the money supply will increase inflation in the long run by _______.

A) Zero percent B) One percent
C) 0.5 percent D) More than one percent
 
Answer & Explanation Answer: B) One percent

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Q:

A ceramic pottery unit hires 8 craftsmen by paying each of them Rs 900 per day. The 9th craftsman demands Rs 950 per day. If this craftsman is hired then all other craftsmen must be paid Rs 950. The marginal resource (labour) cost of the 9th craftsman is _________.

A) Rs 1530 B) Rs 1050
C) Rs 50 D) Rs 1350
 
Answer & Explanation Answer: D) Rs 1350

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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:

Which of the following is not a voluntary action?

A) Taking an object B) Beating of heart
C) Moving a chair D) Closing a fist
 
Answer & Explanation Answer: B) Beating of heart

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Q:

What is the principal focus of a spherical mirror?

A) It is a point from which the rays of light appear to be coming from on the principal axis of a convex mirror B) It is the point on the principal axis through which rays of light parallel to the principal axis pass after reflection or appear to be arising from this point on the principal axis
C) It is the centre of a hollow sphere of which the spherical mirror is a part D) It is the midpoint of a spherical mirror
 
Answer & Explanation Answer: B) It is the point on the principal axis through which rays of light parallel to the principal axis pass after reflection or appear to be arising from this point on the principal axis

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Q:

One Watt = ?

A) 1 Joule/sec B) 1 erg/sec
C) 1 Pascal/sec D) 1 m/s
 
Answer & Explanation Answer: A) 1 Joule/sec

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Q:

First time which year the Railway Budget and the General Budget were presented separately?

A) 1923 B) 1947
C) 1952 D) 1977
 
Answer & Explanation Answer: A) 1923

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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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