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Q:

If price of an article decreases from Rs 40 to Rs 30, quantity demanded increases from Q1 units to 7500 units. If point elasticity of demand is -1 find Q1?

A) 9000 units B) 4500 units
C) 10500 units D) 6000 units
 
Answer & Explanation Answer: D) 6000 units

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Filed Under: Indian Economy
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Q:

Recession is ___________.

A) reduction in production and employment for want of sufficient demand for goods B) rise in the cost of production, especially because of wage increase
C) increase in money supply without a matching increase in production D) No option is correct
 
Answer & Explanation Answer: A) reduction in production and employment for want of sufficient demand for goods

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Filed Under: Indian Economy
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Q:

Union Government's School Nursery Yojana is about

A) Creating environmental awareness in young minds B) Streamlining admissions in nursery schools
C) Bringing nursery schools under regulations D) Creating awareness about safety of children
 
Answer & Explanation Answer: A) Creating environmental awareness in young minds

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Filed Under: Indian Politics
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Q:

The political system in Afghanistan is known as

A) Islamic State of Afghanistan B) Islamic Republic of Afghanistan
C) Islamic Emirate of Afghanistan D) Islamic Government of Afghanistan
 
Answer & Explanation Answer: C) Islamic Emirate of Afghanistan

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Filed Under: General Awareness
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Q:

In the following question, out of the four alternatives, select the alternative which is the best substitute of the words/sentence.


Carry out a task clumsily or incompetently

 

A) B)
C) D)
 
Answer & Explanation Answer: A)

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Filed Under: English
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Q:

One Watt = ?

A) 1 Joule/sec B) 1 erg/sec
C) 1 Pascal/sec D) 1 m/s
 
Answer & Explanation Answer: A) 1 Joule/sec

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Filed Under: Physics
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Q:

The consumption and saving schedules reveal that the:

A) MPC and APC are equal at the point where the consumption schedule intersects the 45-degree line. B) MPC is equal to or greater than one at all income levels.
C) MPC is greater than zero, but less than one. D) APS is positive at all income levels.
 
Answer & Explanation Answer: C) MPC is greater than zero, but less than one.

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Q:

The international trade effect states that

A) an increase in the price level will lower net exports. B) an increase in the price level will raise exports.
C) an increase in the price level will raise net exports. D) an increase in the price level will lower imports
 
Answer & Explanation Answer: A) an increase in the price level will lower net exports.

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