Questions

Q:

A manufacturer faces price elasticity of demand of a ­1.25 for its product. If it lowers its price by 6.4%, the increase in quantity sold will be _____.

A) 5.15 percent B) 7.65 percent
C) 8 percent D) 5.12 percent
 
Answer & Explanation Answer: C) 8 percent

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Q:

Which cricketer is not in the list of ICC Cricket Hall of Fame?

A) Anil Kumble B) Bishen Singh Bedi
C) Kapil Dev D) Ravi Shastri
 
Answer & Explanation Answer: D) Ravi Shastri

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Q:

Which institution in India acts as 'lender of the last resort'?

A) Finance Ministry B) Reserve Bank of India
C) Treasury D) Currency Printing Presses
 
Answer & Explanation Answer: B) Reserve Bank of India

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Q:

Which team won the 2016 Champions Trophy Women's Hockey tournament defeating Netherlands in the finals in London?

 

A) Australia B) Argentina
C) India D) China
 
Answer & Explanation Answer: B) Argentina

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Q:

Gurinder Chadha, a Britisher of Indian-origin, has been honoured with the Sikh Jewel Award for 2017. In what line is Gurinder famous?

 

A) Athletics B) Journalism
C) Medicine D) Film-making
 
Answer & Explanation Answer: D) Film-making

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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:

___________________________ is an Indian Government Savings Bond, primarily used for small savings and income tax saving investments in India.

A) Provident Fund B) Life Insurance Policies
C) National Saving Certificate D) Long term government bonds
 
Answer & Explanation Answer: C) National Saving Certificate

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Q:

Earnings per share are calculated by dividing

A) (net income less preferred stock dividends) by average common shares outstanding. B) gross profit by average common shares outstanding.
C) net sales by average common shares outstanding. D) net income by average common shares outstanding.
 
Answer & Explanation Answer: A) (net income less preferred stock dividends) by average common shares outstanding.

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