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Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2 B) 1.2
C) -1.5 D) 1.5
 
Answer & Explanation Answer: A) -1.2

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

Which of the following physiological symptoms are signs of stress?

A) Arthritis and carpal tunnel syndrome B) Dental cavities and bone loss
C) Headaches and elevated blood pressure D) Hearing and vision loss
 
Answer & Explanation Answer: C) Headaches and elevated blood pressure

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Q:

Which of the following organisms are considered to be both Living and Non-living?

A) Bacteria B) Fungi
C) Algae D) Virus
 
Answer & Explanation Answer: D) Virus

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Q:

Which of the following metals is found in free state?

A) Sodium B) Gold
C) Potassium D) Calcium
 
Answer & Explanation Answer: B) Gold

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Q:

What is the full form of PVC?

A) Phosphonil vinyl Carbonate B) Polyvinyl S Carbonate
C) Polyvinyl Carbonate D) Polyvinyl Chloride
 
Answer & Explanation Answer: D) Polyvinyl Chloride

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Q:

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities B) present liabilities and future liabilities
C) tangible liabilities and intagible liabilities D) current liabilities and long-term liabilities
 
Answer & Explanation Answer: D) current liabilities and long-term liabilities

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