Questions

Q:

What does the term 'Call Money' refer to?

A) A loan made for a very short period of a few days or aweek B) Student loans to help cover the cost of highereducation
C) Loans to allow consumers to buy homes they can'tpay for upfront D) Personal loans for any personal expenses which don'thave a designated purpose
 
Answer & Explanation Answer: A) A loan made for a very short period of a few days or aweek

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

The maximum number of electrons that can be accommodated in a shell is indicated by the formula

A) 2n-2 B) 2n3
C) 2n D) 2n2
 
Answer & Explanation Answer: D) 2n2

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Q:

If for the year a country's GDP was $990 million, consumer spending was $630 million, investment by businesses was $110 million, exports were $55 million and imports were $45 million, calculate government spending?

A) $260 million B) $240 million
C) $480 million D) $460 million
 
Answer & Explanation Answer: B) $240 million

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase B) decrease; decrease
C) increase; decrease D) decrease; increase
 
Answer & Explanation Answer: D) decrease; increase

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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 a sentence is free from error, select 'No error'.
I was taken with surprise (1)/ when I saw (2)/ the beautiful Taj Mahal. (3)/ No Error (4)

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

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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 a sentence is free from error, select ‘No Error’.

 

True positive thinking starts by embracing reality in its myriad (1)/ shapes and forms; it involves the ability to feel negative emotions when you have to, (2)/ and still maintain hope enough to keep on going. (3)/ No error (4)

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

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Q:

Which one of the following countries does not have football as their national sport?

A) Ghana B) Hungary
C) Argentina D) Mauritius
 
Answer & Explanation Answer: C) Argentina

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