Questions

Q:

If price of an article decreases from Rs 800 to Rs 700, quantity demanded increases from Q1 units to 70 units. If point elasticity of demand is -1.333 find Q1?

A) 80 units B) 90 units
C) 60 units D) 50 units
 
Answer & Explanation Answer: C) 60 units

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Q:

If quantity of a good demanded increases from 200 to 250 then the average income of the population increases from Rs 20,000 to Rs 30,000, find Arc Income elasticity of demand?

A) 1.45 B) 0.55
C) 2 D)  1.25
 
Answer & Explanation Answer: B) 0.55

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Q:

Which of the following type of medicine is used to treat indigestion?

A) Sulpha drug B) Antihistamine
C) Antibiotic D) Antacid
 
Answer & Explanation Answer: D) Antacid

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Q:

Who among the following has been awarded by the UNHCR Nansen Refugee Award-2017 for his crucial mediating role and efforts to help children effected by the insurgency in his country?

 

A) Zannah Mustapha   B) Francois Gabart  
C) Sarah Mullally   D) Cyril Ramaphosa  
 
Answer & Explanation Answer: A) Zannah Mustapha  

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Q:

Which of the following Prime Ministers was awarded Bharat Ratna?

A) V.P.Singh B) Morarji Desai
C) Charan Singh D) Manmohan Singh
 
Answer & Explanation Answer: B) Morarji Desai

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Q:

Which answer figure will complete the pattern in the question figure?

A) 1 B) 2
C) 3 D) 4
 
Answer & Explanation Answer: B) 2

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Q:

Which is the most important factor that determines whether advertising by manufacturing sector will lead to higher sales?

A) Demand is elastic B) Demand is inelastic
C) The product can be differentiated D) The product can be homogenous.
 
Answer & Explanation Answer: C) The product can be differentiated

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Q:

___ is used as a stabilizer in ice cream.

A) Gelatin B) Sugar
C) Milk D) Strawberry
 
Answer & Explanation Answer: A) Gelatin

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