Q:

Which answer figure will complete the pattern?

A) X	B) W
C) V	D) U

Answer & Explanation Answer: D) U

Explanation:

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Q:

Goods for which demand move in the opposite direction of the income of the consumer are called?

A) Inferior goods	B) Normal goods
C) Complementary goods	D) Substitute goods

Answer & Explanation Answer: A) Inferior goods

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Q:

The study of individual markets of demand and supply in which the 'players', or the decision makers, were also individuals (buyers or sellers, even companies) who were seen as trying to maximize their profits (as producers or sellers) and their personal satisfaction or welfare levels (as consumers) is called?

A) Macroeconomics	B) Econometrics
C) Microeconomics	D) Heterodox Economics

Answer & Explanation Answer: C) Microeconomics

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Q:

The market for sugar is in equilibrium. If the supply of sugar increases, the equilibrium price of sugar will ________ and the equilibrium quantity will _________.

A) increase; increase	B) decrease; decrease
C) increase; decrease	D) decrease; increase

Answer & Explanation Answer: D) decrease; increase

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Q:

Economic sanctions are mainly used to

A) to help international trade run smoothly.	B) punish nations that disobey international law
C) to impose tariffs on vehicles at the border	D) all the above

Answer & Explanation Answer: B) punish nations that disobey international law

Explanation:

A sanction is a punishment imposed on another nation, or on individual natives of another nation.

Economic sanctions are characterized as the withdrawal of standard exchange and money related relations for outside and security strategy purposes. They might be extensive, denying business movement as to a whole nation,...

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Q:

What is the capital of Greece?

A) Buenos Aires	B) Stockholm
C) Athens	D) Bern

Answer & Explanation Answer: C) Athens

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Q:

Who has been conferred with the 'ASSOCHAM Enterprise of the Century Award'?

A) Ratan Tata	B) Uday Kotak
C) Mukesh Ambani	D) Adi Godrej

Answer & Explanation Answer: A) Ratan Tata

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Q:

What is the simplified value of ${(\frac{1}{cosec A + \cot A})}^{2}$ ?

A) sec A + tan A	B) (1 – cos A)/(1 + cos A)
C) (1 – cosec A)/(1 + cosec A)	D) sin A

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