Questions

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:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market D) Raising and lowering the foreign exchange rate
 
Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods B) Normal goods
C) Complementary goods D) Substitute goods
 
Answer & Explanation Answer: A) Inferior goods

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Q:

In a period when an economy is facing price rise, and along with that there is slowing down of economy activities, this is case of _________.

A) Deflation B) Stagflation
C) Recession D) Depression
 
Answer & Explanation Answer: B) Stagflation

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Q:

Which of the following is Study of fossils ?

A) Ethology B) Etiology
C) Anthropology D) Palaeontology
 
Answer & Explanation Answer: D) Palaeontology

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Q:

In Microsoft Word, ____________ can be used to decide on the spacing between lines of a paragraph.

A) Alignment B) Effects
C) Indentation D) Line spacing
 
Answer & Explanation Answer: D) Line spacing

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Q:

Which one among the following administers the International Development Association (IDA)?

A) UNDP B) UNIDO  
C) IFAD   D) IBRD
 
Answer & Explanation Answer: D) IBRD

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