Questions

Q:

What are the receptors for detecting taste called?

A) Sensory receptors B) Chemical receptors
C) Olfactory receptors D) Gustatory receptors
 
Answer & Explanation Answer: D) Gustatory receptors

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Q:

Which of the following is the primary sex organ in man?

A) Prostrate B) Testis
C) Vas deferens D) Seminal vesicles
 
Answer & Explanation Answer: B) Testis

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Q:

Kind of cell that does not have a nucleus

A) Eukaryotes B) Prokaryotes
C) Erthrocytes D) Platelets
 
Answer & Explanation Answer: B) Prokaryotes

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Q:

The change in the optimal quantity of a good when its price changes and the consumer’s income is adjusted so that she can just buy the bundle that she was buying before the price change is called?

A) Law of demand B) Substitution effect
C) Problem of choice D) Optimal choice
 
Answer & Explanation Answer: B) Substitution effect

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Q:

At the equilibrium price

A) quantity demanded is equal to quantity supplied B) quantity demanded is greater than quantity supplied
C) price elasticity of demand is unity D) elasticity of demand equals elasticity of supply
 
Answer & Explanation Answer: A) quantity demanded is equal to quantity supplied

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Q:

The unemployment created at certain times of the year, when the demand for goods and services are lower than normal, is _____.

A) Cyclical unemployment B) Frictional unemployment
C) Seasonal unemployment D) Structural unemployment
 
Answer & Explanation Answer: C) Seasonal unemployment

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Q:

The existence of a parallel economy (black money) ___________.

A) makes economy more competitive B) makes the monetary policies less effective
C) ensures a better distribution of income and wealth D) ensures increasing productive investment
 
Answer & Explanation Answer: B) makes the monetary policies less effective

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Q:

_________ says that the marginal product of a factor input initially rises with its employment level. But after reaching a certain level of employment, it starts falling.

A) Law of diminishing marginal product B) Law of variable proportions
C) The Short Run D) The Long Run
 
Answer & Explanation Answer: B) Law of variable proportions

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