Q:

In which of the following case, law of demand fails?

A) Giffen goods	B) Normal goods
C) Inferior goods	D) Both Giffen and Inferior goods

Answer & Explanation Answer: A) Giffen goods

Explanation:

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Q:

The short run marginal cost curve is ____ shaped.

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

Answer & Explanation Answer: A) U

Explanation:

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Q:

Financial reports are used by

A) Investors	B) Creditors
C) Market Analysts	D) All of the above

Answer & Explanation Answer: D) All of the above

Explanation:

Financial reports are used for monitoring and controlling the movement of cash into and out of a business. They are used to communicate relevant, reliable and understandable information about the business that can be used by managers, analysts, investors to make decisions.

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Q:

What does 'C' stands for 'CAGR', a business specific term for the geometric progression ratio that provides a constant rate over the specific time period?

A) Control	B) Compound
C) Credit	D) Call

Answer & Explanation Answer: B) Compound

Explanation:

CAGR stands for Compound Annual Growth Rate. So, C stands for Compound. Compound annual growth rate (CAGR) is a business and investing specific term for the geometric progression ratio that provides a constant rate of return over the time period.

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Q:

A ___________ deficit is financed by net capital flows from the rest of the world, thus by a capital account surplus.

A) Current Account	B) Savings Account
C) Capital Account	D) Asset Account

Answer & Explanation Answer: A) Current Account

Explanation:

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Q:

If a consumer's demand for a good moves in the same direction as the consumer's income, the consumer's demand for that good must be inversely related to the price of the good is called __________.

A) Law of demand	B) Law of supply
C) Law of substitution	D) Law of optimal choice

Answer & Explanation Answer: A) Law of demand

Explanation:

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Q:

What is the name of the point at which the chromatids are attached in a chromosome?

A) Centrosome	B) Centromere
C) Nucleosome	D) Gene

Answer & Explanation Answer: B) Centromere

Explanation:

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Q:

Which one reveals, more appropriately, functioning of the heart?

A) Electrocardiogram	B) Echocardiogram
C) Stethoscope	D) Lipid profile

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