Questions

Q:

Which of the following solutions is the most acidic among them all?

A) Solution with pH value 0 B) Solution with pH value 6
C) Solution with pH value 1 D) Solution with pH value 7
 
Answer & Explanation Answer: A) Solution with pH value 0

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Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

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Q:

Deindustrialisation means

A) uprooting of people from agriculture and planting them in industries B) uprooting of people from agriculture and planting them in industries
C) a deliberate effort to compel the existing industries to shut down D) a deliberate effort to promote the new industries
 
Answer & Explanation Answer: B) uprooting of people from agriculture and planting them in industries

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Q:

A man lifts a luggage of 25 kg from the ground and puts it on the head, 2.5 m above the ground. If the value of g = 10 m/s2, then the value of work done by him on the luggage is

A) 22.5 J B) 225 J
C) 625 J D) 220 J
 
Answer & Explanation Answer: C) 625 J

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Q:

On 5 January 2018, Lok Sabha passed High Court and Supreme Court Judges (Salaries and Conditions of Service) Amendment Bill, 2017. The Bill proposes to hike the salary of Chief Justice of India (CJI) to nearly ______.

 

A) Rs 2.80 lakh per month B) Rs 3.9 lakh per month
C) Rs 2 lakh per month D) Rs 5 lakh per month
 
Answer & Explanation Answer: A) Rs 2.80 lakh per month

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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