Questions

Q:

Stagflation is defined as

A) low inflation, low growth, low unemployment B) high inflation, low growth, high unemployment
C) high inflation, high growth, high unemployment D) low inflation, high growth, low unemployment
 
Answer & Explanation Answer: B) high inflation, low growth, high unemployment

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Q:

If demand curve for trekking boots is D = 67500 - 18P and supply curve is S = 22500 + 12P, find the equilibrium Price?

A) 1500 B) 750
C) 2250 D) 500
 
Answer & Explanation Answer: A) 1500

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Q:

A binding price ceiling is designed to

A) keep prices low B) increase efficiency
C) increase the quality of the good D) prevent shortages
 
Answer & Explanation Answer: A) keep prices low

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Q:

Which of the following rate is charged by banks to their most credit worthy customers?

A) Prime Lending Rate B) Statutory Liquidity Rate
C) Bank Rate D) Repo Rate
 
Answer & Explanation Answer: A) Prime Lending Rate

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Q:

If a country devalues its currency, its _______________

A) Exports become cheaper and imports become costlier B) Exports become costlier and imports become cheaper.
C) Exports value is equivalent to imports value D) No effect on exports and imports
 
Answer & Explanation Answer: A) Exports become cheaper and imports become costlier

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Q:

Chemical properties of isotopes .............

A) must be same B) must be different
C) need not be same D) need not be different
 
Answer & Explanation Answer: A) must be same

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Q:

Which one of the following bio reserves of India is not included in the World Network of Biosphere Reserve?

A) Sunderbans B) Gulf of Mannar
C) Nandadevi D) Corbett
 
Answer & Explanation Answer: D) Corbett

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Q:

What is the name of the eighth planet discovered by NASA, circling Kepler- 90?

A) Kepler–90g B) Kepler–90h
C) Kepler–90i D) Kepler–908
 
Answer & Explanation Answer: C) Kepler–90i

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