Questions

Q:

Astronauts inside spaceship feel ___ weight.

A) More B) Less
C) Zero D) Depends on G force
 
Answer & Explanation Answer: C) Zero

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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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Q:

The 14th Finance Commission has recommended increase in States share in net proceeds from tax collection from 32% to

A) 35% B) 40%
C) 42% D) 45%
 
Answer & Explanation Answer: C) 42%

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Q:

If quantity of good X demanded increases from 4000 units to 5000 units when price of good Y increases from Rs 75 to Rs 90, find Arc Cross elasticity of demand?

A) 0.55 B) 1.66
C) 0.25 D) 1.22
 
Answer & Explanation Answer: D) 1.22

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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Q:

Zika virus which damages the brain of the foetus is

A) Mosquito borne B) Water borne
C) Air borne D) Food borne
 
Answer & Explanation Answer: A) Mosquito borne

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Q:

Where do plants synthesize protein from?

A) Fatty Acids B) Sugar
C) Amino Acids D) Starch
 
Answer & Explanation Answer: C) Amino Acids

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Q:

Micro economics deals with

A) the circular flow of income B) the decision making of a single economic variable like demand
C) understanding unemployment D) economic growth
 
Answer & Explanation Answer: B) the decision making of a single economic variable like demand

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