Questions

Q:

In which of the following types of economy are the factors of production owned individually?

A) Capitalist B) Socialist
C) Mixed D) Both Capitalist and Socialist
 
Answer & Explanation Answer: A) Capitalist

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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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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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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Q:

Debenture holders of a company are its ___________.

A) Shareholders B) Creditors
C) Debtors D) Directors
 
Answer & Explanation Answer: B) Creditors

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Q:

What are the receptors for detecting taste called?

A) Sensory receptors B) Chemical receptors
C) Olfactory receptors D) Gustatory receptors
 
Answer & Explanation Answer: D) Gustatory receptors

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Q:

Slow-growing large coloured patches on the bark of trees are the examples of symbiotic life forms called ______.

 

A) Aphids B) Egrets
C) Shrimps D) Lichens
 
Answer & Explanation Answer: D) Lichens

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Q:

In the given question, a part of the sentence is printed in bold. Below the sentence, three alternatives to the bold part are given which may help improve the sentence. Choose the option that reflects the correct use of the phrase in the context of the sentence. In case the given sentence is correct, your answer is (E) i.e. No correction required.

At first glance, it seems implausible that such an intricately engineered bio system such as our could have come about merely as a result of random modifications.

i. such an intricately engineered bio system as ours

ii. such intricately engineered bio system such as our

iii. such intricately engineered bio system such as ours

A) Only I B) Only ii
C) Only iii D) Both ii and iii
 
Answer & Explanation Answer: A) Only I

Explanation:

In the above sentence, the example of our bio system is given when an intricately engineered bio system is talked about. To show possession here, “ours” will be used in place of “our”.

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