Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor	B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go	D) decreases unemployment

Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Filed Under: Indian Economy
Exam Prep: Bank Exams

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Q:

Working capital is a measure of

A) liquidity	B) consistency
C) profitability	D) solvency

Answer & Explanation Answer: A) liquidity

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Filed Under: Indian Economy
Exam Prep: Bank Exams , CAT

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Q:

Which of the following best describes monetary policy?

A) Managing the economy by controlling the money supply	B) Determining the design printed on the national currency
C) Regulating transactions in the currency exchange market	D) Raising and lowering the foreign exchange rate

Answer & Explanation Answer: A) Managing the economy by controlling the money supply

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Q:

Backward bending supply curve belongs to which market?

A) Capital	B) Labour
C) Money	D) Inventories

Answer & Explanation Answer: C) Money

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Q:

A price floor is _____.

A) a maximum legal price	B) a minimum legal price
C) the price where demand equals supply	D) the price where elasticity of demand equals elasticity of supply

Answer & Explanation Answer: B) a minimum legal price

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Q:

Rate of the growth of an economy is measured in terms of

A) National income	B) Monthly family income
C) Number of people who have been lifted above the poverty line	D) Industrial Development

Answer & Explanation Answer: A) National income

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Q:

The major ingredient of sweetened soft drink is

A) Carbonated water	B) Hydrochloric acid
C) Phosphoric acid	D) Caffeine

Answer & Explanation Answer: A) Carbonated water

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Filed Under: Chemistry
Exam Prep: Bank Exams

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Q:

Which of the following elements were not found in the form of archaeological remains from Kalibanga?

A) Black bangles	B) Fire pit
C) Ploughed field	D) Couple burial

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