Q:

The demand for a inferior good increases with ________ in the consumer's income.

A) increase	B) decrease
C) constant	D) double

Answer & Explanation Answer: B) decrease

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly	B) Perfect competition
C) Oligopoly	D) Monopolistic competition

Answer & Explanation Answer: B) Perfect competition

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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:

"Sunrise Industries” are industries _____________

A) which are well developed and have ample scope for further development	B) which improve export performance of the country
C) which small-scale industries	D) which have high growth potential and meet further requirements of the economy

Answer & Explanation Answer: D) which have high growth potential and meet further requirements of the economy

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Q:

Demand is said to be elastic when the

A) change in quantity demanded is less than the change in price	B) change in quantity demanded is greater than the change in price
C) percentage change in quantity demanded is greater than the percentage change in price	D) percentage change in quantity demanded is less than the percentage change in price

Answer & Explanation Answer: B) change in quantity demanded is greater than the change in price

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Q:

___ are the carriers of heredity material.

A) Genetics	B) Genes
C) Gametes	D) Germ cells

Answer & Explanation Answer: B) Genes

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Filed Under: Biology
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Q:

Ice floats on water because its density is

A) more than water	B) zero
C) less than water	D) same as water

Answer & Explanation Answer: C) less than water

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Filed Under: Chemistry
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Q:

What product is formed when electricity is passed through an aqueous solution of sodium chloride?

A) Sodium and Chlorine	B) Sodium oxide
C) Sodium hydroxide	D) Sodium and water

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