Questions

Q:

Which would most likely increase aggregate supply?

A) A decrease in net exports B) A decrease in business subsidies
C) An increase in productivity D) An increase in the prices of imported products
 
Answer & Explanation Answer: D) An increase in the prices of imported products

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Q:

7 workers work in a printing press. Each gets paid Rs 450 per day. The 8th worker demands Rs 500 per day. If this worker is hired then all other workers must be paid Rs 500. The marginal resource (labour) cost of the 8th worker is _______.

A) Rs 50 B) Rs 850
C) Rs 400 D) Rs 100
 
Answer & Explanation Answer: B) Rs 850

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Q:

The __________ exchange rate is the price of one unit of foreign currency in terms of domestic currency.

A) Artificial B) Nominal
C) Fixed D) Real
 
Answer & Explanation Answer: B) Nominal

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Q:

In which of the following market forms, a firm does not exercise control over price?

A) Monopoly B) Perfect competition
C) Oligopoly D) Monopolistic competition
 
Answer & Explanation Answer: B) Perfect competition

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Q:

Who authored the book titled ‘Lincoln in the Bardo’, which won the Man Booker Prize 2017?

A) George Saunders B) Eliza Robertson
C) John Grisham D) Stephen Alter
 
Answer & Explanation Answer: A) George Saunders

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Q:

Who wrote the Indian historical fiction novel 'The Rise of Sivagami' published in March 2017?

A) Arundhati Roy B) Amish Tripathi
C) Devdutt Pattanaik D) Anand Neelakantan
 
Answer & Explanation Answer: D) Anand Neelakantan

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Q:

Which Bollywood Actor is set to pen his autobiography titled 'I am No Messiah'?

A) Akshay Kumar B) Anupam Kher
C) Ayushman Khurana D) Sonu Sood
 
Answer & Explanation Answer: D) Sonu Sood

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Q:

In the following question, some part of the sentence may have errors. Find out which part of the sentence has an error and select the appropriate option. If a sentence is free from error, select 'No Error'.

 

Credit when used responsibly, can achieve a great number (1)/ of positive things in our lives, such as (2)/ financing and paying of our dream hybrid or college tuition fees. (3)/ No error (4)

 

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

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