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Q:

In a centrally planned economy, the ____________ plans all the important activities in the economy.

A) Industrialists B) Citizens
C) Government D) Judiciary
 
Answer & Explanation Answer: C) Government

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Q:

The state of matter can be changed into another state by changing the

A) Volume B) Density
C) Shape D) Temperature
 
Answer & Explanation Answer: D) Temperature

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Q:

___ is not a chemical change.

A) Cooking an egg B) Melting an ice cube
C) Baking a cake D) Rotting Bananas
 
Answer & Explanation Answer: B) Melting an ice cube

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Q:

What product is formed when electricity is passed through an aqueous solution of sodium chloride?

A) Sodium and Chlorine B) Sodium oxide
C) Sodium hydroxide D) Sodium and water
 
Answer & Explanation Answer: C) Sodium hydroxide

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Q:

Full employment is the level at which there is _____.

A) no frictional unemployment B) no cyclical unemployment
C) no structural unemployment D) no unemployment
 
Answer & Explanation Answer: B) no cyclical unemployment

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Q:

If demand curve for an electric tooth brush is D = 25000 -­ 7P and supply curve is S = 10000 + 8P, find the equilibrium Price?

A) Rs 150 B) Rs 1000
C) Rs 400 D) Rs 50
 
Answer & Explanation Answer: B) Rs 1000

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Q:

In May 2017, the Base year of All-Indian WPI (Wholesale Price Index) has been revised from 2004-05 to ______.

A) 2010-11 B) 2015-16
C) 2011-12 D) 2016-17
 
Answer & Explanation Answer: C) 2011-12

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Q:

Demand is said to be elastic when the

A) change in quantity demanded is less than the change in price B) change in quantity demanded is greater than the change in price
C) percentage change in quantity demanded is greater than the percentage change in price D) percentage change in quantity demanded is less than the percentage change in price
 
Answer & Explanation Answer: B) change in quantity demanded is greater than the change in price

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