Questions

Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand B) Law of supply
C) Law of substitution D) Law of optimal choice
 
Answer & Explanation Answer: A) Law of demand

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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Filed Under: Indian Economy
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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics B) Econometrics
C) Microeconomics D) Heterodox Economics
 
Answer & Explanation Answer: C) Microeconomics

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Filed Under: Indian Economy
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Q:

In the following question, the sentence given with blank to be filled in with an appropriate word. Select the correct alternative out of the four and indicate it by selecting the appropriate option.

 

We do not create enough space in our lives for the inspiration to ______ in.

 

A) flow B) fly
C) swim D) walk
 
Answer & Explanation Answer: A) flow

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Filed Under: English
Exam Prep: Bank Exams , GRE , TOEFL

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Q:

Biofortification is a ________________ .

A) method of breeding crops to increase their nutritional value B) strategy to combat unwanted nutrients in plants
C) method of developing resistance to insect pests D) method of plant breeding for disease resistance
 
Answer & Explanation Answer: A) method of breeding crops to increase their nutritional value

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Filed Under: General Science
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Q:

The world heritage site Pashupatinath temple is located at

A) Peshawar B) Kabul
C) Kathmandu D) Multan
 
Answer & Explanation Answer: C) Kathmandu

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Filed Under: General Awareness
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Q:

‘Desert Knight-21’, is the Military exercise between India and

A) France B) China
C) United States of America D) Brazil
 
Answer & Explanation Answer: A) France

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Filed Under: General Awareness
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Q:

Anti-defection law was passed in which Constitutional Amendment Act?

A) 41st Constitutional Amendment Act B) 46th Constitutional Amendment Act
C) 48th Constitutional Amendment Act D) 52th Constitutional Amendment Act
 
Answer & Explanation Answer: D) 52th Constitutional Amendment Act

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Filed Under: Indian Politics
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