Questions

Q:

Which of the following is a land locked country?

A) Azerbaijan B) Kazakhstan
C) Pakistan D) Bangladesh
 
Answer & Explanation Answer: B) Kazakhstan

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Q:

What is the increase in the number of workdays under the rural job guarantee scheme (MNREGA) in drought-affected areas?

A) 10 B) 25
C) 40 D) 50
 
Answer & Explanation Answer: D) 50

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Q:

The SI unit of weight is a

A) Kg B) Newton
C) Gram D) Dyne
 
Answer & Explanation Answer: B) Newton

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Q:

A manufacturer faces a -1.2 price elasticity of demand for its product. It is presently selling 7,500 units/day. If it wants to increase quantity sold by 9%, it must lower its price by

A) 7.5 percent B) 7.8 percent
C) 10.2 percent D) 10 percent
 
Answer & Explanation Answer: A) 7.5 percent

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Q:

In 2015 the nominal rate of interest in country was 6%, and the inflation rate then was 1.5%. So real rate of interest in 2015 was

A) 7.50% B) 4.50%
C) 4% D) 0.25%
 
Answer & Explanation Answer: B) 4.50%

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Q:

The short run marginal cost curve is ____ shaped.

A) U B) V
C) X D) W
 
Answer & Explanation Answer: A) U

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Q:

Which of the following is NOT included in general methodology while assessing the national income?

A) Pension B) Investment Expenditure
C) Value added D) Consumption Expenditure
 
Answer & Explanation Answer: A) Pension

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Q:

Who is the only Indian economist to have won the Nobel prize?

A) Avinash Dixit B) Amit Mishra
C) Amartya Sen D) Abhijit Banerjee
 
Answer & Explanation Answer: C) Amartya Sen

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