Q:

When the demand for a good increases with an increase in income, such a good is called_______

A) Superior good	B) Giffin good
C) Inferior good	D) Normal good

Answer & Explanation Answer: A) Superior good

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Q:

Bilateral monopoly situation is

A) when there are only two sellers of a product	B) when there are only two buyers of a product
C) when there is only one buyer and one seller of a product	D) when there are two buyers and two sellers of a product

Answer & Explanation Answer: C) when there is only one buyer and one seller of a product

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Q:

Time period of Annual Plans was ___________.

A) 1990-1992	B) 1987-1990
C) 1992-1994	D) No option is correct

Answer & Explanation Answer: A) 1990-1992

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Q:

Which part of the brain plays an important role in motor control?

A) Cerebellum	B) Cerebrum
C) Medulla	D) Pons

Answer & Explanation Answer: A) Cerebellum

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Q:

Acacia arabica is the scientific name of

A) Neem	B) Teak
C) Babhul	D) Pomegranate

Answer & Explanation Answer: C) Babhul

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Q:

If Reserve Bank of India reduces the cash reserve ratio, it will :

A) increase credit creation	B) decrease credit creation
C) have no impact on credit creation	D) have no definite impact on credit creation

Answer & Explanation Answer: A) increase credit creation

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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive	B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth	D) ensures increasing productive investment

Answer & Explanation Answer: B) makes the monetary policies less effective

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Q:

Which one of the following oxides of Nitrogen is also known as Laughing Gas?

A) NO2	B) N2O5
C) NO	D) N2O

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