Exams


Q:

__________________ is a good whose quantity demanded decreases when consumer income rises.

A) Veblen good B) normal good
C) exclusive good D) inferior good
 
Answer & Explanation Answer: D) inferior good

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Filed Under: Indian Economy
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Q:

Which of the following is not an assumption of perfect competition?

A) There are many buyers and sellers B) Average total costs continually decrease.
C) The good sold by all sellers in the market is assumed to be homogeneous. D) Buyers and sellers in the market are assumed to have perfect information.
 
Answer & Explanation Answer: B) Average total costs continually decrease.

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Filed Under: Indian Economy
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Q:

The bar graph shows the number of motorcycles of different brands sold by a dealer in a month. Study the diagram and answer the following questions.

 

 

What is the ratio of units sold of brand A to that of brand C?

 

A) 9:14 B) 14:9
C) 11:14 D) 14:11
 
Answer & Explanation Answer: A) 9:14

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Filed Under: Bar Charts
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Q:

The production possibilities curve illustrates the basic principle that

A) an economy's capacity to produce increases in proportion to its population size. B) the production of more of any one good will in time require smaller and smaller sacrifices of other goods.
C) an economy will automatically seek that level of output at which all of its resources are employed. D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.
 
Answer & Explanation Answer: D) if all the resources of an economy are in use, more of one good can be produced only if less of another good is produced.

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Filed Under: Indian Economy
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Q:

Which one is not a football stadium in India?

A) Bakshi Stadium, Srinagar B) Baichung Stadium, Sikkim
C) Salt Lake Stadium, Kolkata D) Sardar Patel Stadium, Ahmedabad
 
Answer & Explanation Answer: D) Sardar Patel Stadium, Ahmedabad

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Filed Under: Sports
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Q:

Present age of Vikas and Raman are in the ratio of 6 : 5 respectively. If the present age of Rohan is 98 years and the present age of Vikas is 3/7 of the the present age of Rohan, then after how many years the ages of Vikas and Raman would be in the ratio of 7 : 6?

 

A) 6 B) 7
C) 5 D) 8
 
Answer & Explanation Answer: B) 7

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Filed Under: Problems on Ages
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Q:

Which company has signed an agreement with UNESCO to launch virtual reality content and 360 degree videos on Indian heritage sites?

 

A) Nokia B) Sunstar
C) Samsung D) Amazon
 
Answer & Explanation Answer: C) Samsung

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Filed Under: General Awareness
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Q:

Yerwada Jail is in

A) Mumbai B) Pune
C) Goa D) Nagpur
 
Answer & Explanation Answer: B) Pune

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Filed Under: Indian Geography
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