Questions

Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Q:

A price floor is _____.

A) a maximum legal price B) a minimum legal price
C) the price where demand equals supply D) the price where elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: B) a minimum legal price

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Q:

Which of the following is called GDP Deflator?

A) Ratio of nominal to real GDP B) Ratio of nominal to real GNP
C) Ratio of nominal to real CPI D) Ratio of real to nominal GNP
 
Answer & Explanation Answer: A) Ratio of nominal to real GDP

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1 B) 1
C) -1.25 D) 1.25
 
Answer & Explanation Answer: A) -1

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Q:

Which of the following has open vascular system?

A) Cockroach B) Human
C) Rat D) Birds
 
Answer & Explanation Answer: A) Cockroach

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Filed Under: Biology
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Q:

The Concept of Suspension of Fundamental Rights in Indian Constitution has been taken from which Country’s Constitution?

 

 

A) France B) Germany
C) Russia D) Australia
 
Answer & Explanation Answer: B) Germany

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Filed Under: Indian Politics
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Q:

____ jointly launched International Solar Alliance (ISA) at Conference of Parties (CoP21) Climate Conference held in Paris, France on 1st December 2015.

 

 

A) India and China B) India and France
C) India and USA D) India and Russia
 
Answer & Explanation Answer: B) India and France

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Q:

What is the name of world’s first artificial intelligence politician developed by New Zealand?

A) NICK B) PAUL
C) SAM D) TOM
 
Answer & Explanation Answer: C) SAM

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