Questions

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:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Q:

Which of following is true if the Government monetized part of its deficit?

A) Money supply in the economy will increase. B) Interest rate will increase.
C) Government revenue will decrease. D) Government expenditure will increase.
 
Answer & Explanation Answer: A) Money supply in the economy will increase.

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Q:

Which would most likely increase aggregate supply?

A) A decrease in net exports B) A decrease in business subsidies
C) An increase in productivity D) An increase in the prices of imported products
 
Answer & Explanation Answer: D) An increase in the prices of imported products

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No error'.
He did not go (1)/ to the temple on foot (2)/ he went there by the car. (3)/ No Error (4)

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: C) 3

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Filed Under: English
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Q:

Energy possessed by an object by its position or configuration is called

A) Kinetic energy B) Nuclear energy
C) Potential energy D) Electrical energy
 
Answer & Explanation Answer: C) Potential energy

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Filed Under: Physics
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Q:

Knife is an example for

A) Lever B) Wedge
C) Inclined plane D) Pulley
 
Answer & Explanation Answer: B) Wedge

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Filed Under: Physics
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Q:

The energy released at the end of digestion is in the form of

A) thermal energy B) electric energy
C) kinetic energy D) chemical energy
 
Answer & Explanation Answer: D) chemical energy

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