Questions

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:

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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Q:

Which of the following is not a voluntary action?

A) Taking an object B) Beating of heart
C) Moving a chair D) Closing a fist
 
Answer & Explanation Answer: B) Beating of heart

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Filed Under: General Science
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Q:

In the following question, four groups of three numbers are given. In each group the second and third number are related to the first number by aLogic/Rule/Relation. Three are similar on basis of same Logic/Rule/Relation. Select the odd one out from the given alternatives

A) (8, 17, 33) B) (3, 7, 12)
C) (9, 19, 37) D) (15, 31, 61)
 
Answer & Explanation Answer: B) (3, 7, 12)

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Q:

In the following question, select the odd letter/letters from the given alternatives.

A) SW B) GK
C) FJ D) DG
 
Answer & Explanation Answer: D) DG

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Q:

Which of the following Sultans died while playing Polo or Chaugan?

A) Qutb­ud­din Aibak B) Balban
C) Iltutmish D) Nasiruddin Muhammad
 
Answer & Explanation Answer: A) Qutb­ud­din Aibak

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Filed Under: Indian History

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Q:

Who was the UPA candidate for the Vice President's post in the 2017 elections?

A) Arun Gandhi B) Gopalkrishna Gandhi
C) Varun Gaandhi D) Sonia Gandhi
 
Answer & Explanation Answer: B) Gopalkrishna Gandhi

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Filed Under: Indian Politics
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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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