Questions

Q:

The headquarters of ‘Economic and Social Commission for Asia and the Pacific’ is located at

A) Singapore B) Manila  
C) Bangkok D) Hong Kong
 
Answer & Explanation Answer: A) Singapore

Explanation:

The Economic and Social Commission for Asia and the Pacific (UNESCAP or ESCAP), located in the United Nations Building in Rajadamnern Nok Avenue in Bangkok, Thailand, is one of the five regional commissions of the United Nations Economic and Social Council, under theadministrative direction of the United Nations.

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Q:

Who designed the world's lightest satellite 'Kalamsat', which NASA launched and set a new world record?

A) Riyaz Sharook B) Shawna Pandya
C) Rifath Sharook D) Madhav Dhekane
 
Answer & Explanation Answer: A) Riyaz Sharook

Explanation:
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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

Policy makers will think hard about creating (1)/ an appropriate legal framework to (2)/ prevent the capture of regulatories by special interests. (3)/ No error. (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

Explanation:
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Q:

A manufacturer faces price elasticity of demand of a -2 for its product. If it lowers its price by 5%, the increase in quantity sold will be

A) 3% B) 10%
C) 2.50% D) 7%
 
Answer & Explanation Answer: B) 10%

Explanation:
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Q:

Which of the following brings out the 'Consumer Price Index Number' for Industrial workers?

A) RBI B) The Labour Bureau
C) Commerce Department D) NITI Ayog
 
Answer & Explanation Answer: B) The Labour Bureau

Explanation:
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Q:

An indifference curve measures ______________ level of satisfaction derived from different combinations of commodity X and Y.

A) same B) higher
C) lower D) minimum
 
Answer & Explanation Answer: A) same

Explanation:
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Q:

­ Inflation exists when

A) there is general increase in the prices over time. B) there are periodic decreases in the price level.
C) there are continuous increases in the output level over time. D) there is rise in the purchasing value of money.
 
Answer & Explanation Answer: A) there is general increase in the prices over time.

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Q:

The ________ curve represents the demand of all consumers in the market taken together at different levels of the price of the good.

A) monotonic B) indifferent
C) market demand D) diminishing
 
Answer & Explanation Answer: C) market demand

Explanation:
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