Questions

Q:

In a market system, the central problems regarding how much and what to produce are solved through the coordination of economic activities brought about by ________ signals.

A) Supply B) Demand
C) Price D) Stock Market
 
Answer & Explanation Answer: C) Price

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Q:

In economic equilibrium _____

A) supply is equal to the demand. B) the surplus is larger than the shortage.
C) elasticity of demand equals elasticity of supply D) price elasticity of demand is unity
 
Answer & Explanation Answer: A) supply is equal to the demand.

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Q:

"Residex Index" is associated with which of these?

A) Share Prices B) Mutual Fund Prices
C) Price Inflation Index D) Housing Prices
 
Answer & Explanation Answer: D) Housing Prices

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

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Q:

In economics secondary effects refer to the

A)  best alternative that must be forgone as the result of a choice. B) immediate and visible intended consequences of a change.
C) impact of the scarcity of resources on the scarcity of the goods that are produced with those resources. D) unintended consequences of a change that are not immediately identifiable but are felt only with time.
 
Answer & Explanation Answer: B) immediate and visible intended consequences of a change.

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Q:

Who wrote the book 'Two Fates - The Story of My Divorce', which is a parody of Chetan Bhagat's 'Two States - The Story of My Marriage'?

A) Namita Gokhale B) Judy Balan
C) Swati Kaushal D) Arundati Roy
 
Answer & Explanation Answer: B) Judy Balan

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Filed Under: Books and Authors
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Q:

Gandhi Ji started the Non-Cooperation Movement in?

A) 1880 B) 1900
C) 1920 D) 1940
 
Answer & Explanation Answer: C) 1920

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Filed Under: Indian History
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Q:

Three freedom fighters including Bipin Chandra Pal were popularly known as Lal-Bal-Pal. Who were the other two?

A) Subhash Chandra Bose & Bal Gangadhar Tilak B) Bal Gangadhar Tilak & Lala Lajpat Rai
C) Lala Lajpat Rai & Bhagat Singh D) Ram Prasad Bismil & Bhikaiji Cama
 
Answer & Explanation Answer: B) Bal Gangadhar Tilak & Lala Lajpat Rai

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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the phrase. Belonging to middle class.

A) Chamois B) Turquois
C) Bourgeois D) Envious
 
Answer & Explanation Answer: C) Bourgeois

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