Q:

The law of demand states that

A) if the price of a good increases, the demand for that good decreases.	B) if the price of a good increases, the the demand for that good increases.
C) if the price of a good increases, the quantity demanded of that good decreases.	D) if the price of a good increases, the quantity demanded of that good increases.

Answer & Explanation Answer: C) if the price of a good increases, the quantity demanded of that good decreases.

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Filed Under: Indian Economy
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Q:

Liabilities are generally classified on a balance sheet as

A) small liabilities and large liabilities	B) present liabilities and future liabilities
C) tangible liabilities and intagible liabilities	D) current liabilities and long-term liabilities

Answer & Explanation Answer: D) current liabilities and long-term liabilities

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Q:

What is the full form of PVC?

A) Phosphonil vinyl Carbonate	B) Polyvinyl S Carbonate
C) Polyvinyl Carbonate	D) Polyvinyl Chloride

Answer & Explanation Answer: D) Polyvinyl Chloride

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Filed Under: Chemistry
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Q:

What is the action of dry HCl gas on dry litmus paper?

A) Blue litmus paper turns white	B) Blue or red litmus paper does not change its colour
C) Blue litmus paper turns red	D) Red litmus paper turns blue

Answer & Explanation Answer: B) Blue or red litmus paper does not change its colour

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Filed Under: Chemistry
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Q:

Which of the following organisms are considered to be both Living and Non-living?

A) Bacteria	B) Fungi
C) Algae	D) Virus

Answer & Explanation Answer: D) Virus

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Filed Under: Biology
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Q:

This tax is entirely borne by the entity it is levied upon and cannot be passed.

A) Direct tax	B) Indirect tax
C) Straight tax	D) Advance tax

Answer & Explanation Answer: A) Direct tax

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Q:

If price of an article decreases from Rs 600 to Rs 500, when quantity demanded increases from 10000 units to 12000 units. Find point elasticity of demand?

A) -1.2	B) 1.2
C) -1.5	D) 1.5

Answer & Explanation Answer: A) -1.2

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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'.
Our office building comprises (1)/ seven floors and a restaurant at the top in an (2)/ area of about eight hundred sq. metres. (3)/ No Error (4)

A) 1	B) 2
C) 3	D) 4

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