Questions

Q:

An increase in the price of a good will

A) decrease demand B) increase quantity demanded
C) increase demand D) decrease quantity demanded
 
Answer & Explanation Answer: D) decrease quantity demanded

Explanation:

In economics we study that, if the price of a good increases the demand in its quantity decreases or the demand for its complimentary good increases.

 

For example, if the rice of a good increased by 5%, the demand in its quantity decreases by 10% approximately.

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Q:

If {12(a-b)}2+ab=p(a+b)2, then the value of p is 

A) p = 4 B) p = 1
C) p = 0 D) p = 2
 
Answer & Explanation Answer: A) p = 4

Explanation:
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Q:

Select the word with the correct spelling.

A) erasable B) nuerones
C) ignomminy D)  trouncees
 
Answer & Explanation Answer: A) erasable

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.

 

My brother said, "I can climb this hill in less than an hour."

 

A) My brother claimed that he can climb that hill in less than an hour. B) My brother claimed that he could climb this hill in less than an hour.
C) My brother claimed that he can climb this hill in less than an hour. D) My brother claimed that he could climb that hill in less than an hour.
 
Answer & Explanation Answer: D) My brother claimed that he could climb that hill in less than an hour.

Explanation:
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Q:

In the following question, a sentence has been given in Direct/Indirect speech. Out of the four alternatives suggested, select the one which best expresses the same sentence in Indirect/Direct speech.
The foreman said to his workers "I cannot pay you higher wages."

A) The foreman warned his workers that he cannot pay them higher wages. B) The foreman told his workers that he could not pay them higher wages.
C) The foreman told his workers that they could not be paid higher wages. D) The foreman forbid his workers to pay higher wages.
 
Answer & Explanation Answer: B) The foreman told his workers that he could not pay them higher wages.

Explanation:
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Q:

The melting point of ice is ____ K.

A) 253.16 B) 263.16
C) 273.16 D) 283.16
 
Answer & Explanation Answer: C) 273.16

Explanation:
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Q:

In the following question, a sentence has been given in Active/Passive voice. Out of the four alternatives suggested, select the one which best expresses the same sentence in Passive/Active voice.

 

She laughed at the antics of the jester.

A) Laughing at the antics of the jester was done by her. B) She herself laughs at the antics of the jester.
C) The antics of the jester were laughed at by her. D) Her laughter was to the antics of the jester.
 
Answer & Explanation Answer: C) The antics of the jester were laughed at by her.

Explanation:
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Q:

Who gave the 'General Equilibrium Theory'?

A) J. M. Keynes B) Leon Walras
C) David Ricardo D) Adam Smith
 
Answer & Explanation Answer: B) Leon Walras

Explanation:
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