Questions

Q:

Government intervention in a modern economy is useful because

A) the needs and wants of modern society are always met by the market place B) the market place has many incentives to create public work such as parks and library’s
C) governments are more able to meet some needs and wants of modern society in a way that ensures that all members of society can participate D) the market place powers all its own laws
 
Answer & Explanation Answer: C) governments are more able to meet some needs and wants of modern society in a way that ensures that all members of society can participate

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

Atomic mass of Carbon is 12 and that of Helium is 4. State which of the following statements is true for 1 mole of each of the elments?

A) 1 mole of Helium will contain 3 times more atoms than 1 mole of Carbon B) 1 mole of Carbon will contain the same number of atoms as present in 1 mole of Helium
C) 1 mole of Carbon will contain one-third the number of atoms present in 1 mole of Helium D) 1 mole of Carbon will contain 3 times more atoms than 1 mole of Helium
 
Answer & Explanation Answer: B) 1 mole of Carbon will contain the same number of atoms as present in 1 mole of Helium

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Q:

What denotes offering several products for sale as one combined product?

A) Advertisement B) Product mix
C) Product bundling D) Differentiation
 
Answer & Explanation Answer: C) Product bundling

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Q:

The most active phagocytic cells among the leukocytes are

A) neutrophils and monocytes B) monocytes and lymphocytes
C) basophils and eosinophils D) lymphocytes and neutrophils
 
Answer & Explanation Answer: A) neutrophils and monocytes

Explanation:

The most active phagocytic cells among the leukocytes (White Blood Cells) are neutrophils and monocytes.

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Q:

In the question given below, a statement is given followed by three courses of action. A course of action is taken for improvement, follow up, etc. Read the statement carefully and give your answer.

Statement:
A knife-wielding assailant killed a 29- year-old man and injured four others in a lively neighbourhood near Paris’ famed Opera Garnier before he was killed by police on Saturday night.

Courses of Action:
I. The government should ban the sale of knives in all major cities.
II. Any person seen carrying a knife should be immediately taken into police custody.
III. Policemen should be posted near all major tourist spots to avoid such untoward incidents.

A) Only course of action I follows B) Only course of action II follows
C) Both I and II follow D) Both II and III follow
 
Answer & Explanation Answer:

Explanation:

None of the courses of action follow. Banning the sale of knives just because one particular knife-wielding assailant went on a rampage makes no sense. Similarly, taking into police custody all those who are seen carrying knives is not something practical. Knives can be used for so many other purposes not involving the killing/harming of people. Finally, it is not a realistic expectation that posting policemen in all major tourist spots would reduce or altogether stop instances of such occurrences. Therefore, option E is the correct answer.

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Q:

In Indian parliamentary system, the leader of the largest opposition party having not less than _______ seats of total strength of the house is recognized as the leader of the opposition in that House.

A) 1/10 th B) 1/9 th
C) 1/8 th D) 1/7 th
 
Answer & Explanation Answer: A) 1/10 th

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