Questions

Q:

Backward bending supply curve belongs to which market?

A) Capital B) Labour
C) Money D) Inventories
 
Answer & Explanation Answer: C) Money

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Filed Under: Indian Economy
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Q:

__________ is defined as the output per unit of variable input

A) Marginal product B) Production function
C) Total product D) Average product
 
Answer & Explanation Answer: D) Average product

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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:

In general, elasticity is a measure of

A) how firms' profits respond to changes in market prices.  B) the extent to which advances in technology are adopted by producers.
C) how much buyers and sellers respond to changes in market conditions. D) the extent to which a market is competitive. 
 
Answer & Explanation Answer: C) how much buyers and sellers respond to changes in market conditions.

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Q:

A minimum wage _____.

A) is the price floor below which workers may not sell their labor B) is set at a price below the equilibrium wage
C) creates a price ceiling below which the wage cannot legally go D) decreases unemployment
 
Answer & Explanation Answer: A) is the price floor below which workers may not sell their labor

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Q:

The simple interest on a sum for 5 years is two­fifth of the sum. The rate of interest per annum is

A) 0.1 B) 0.08
C) 0.06 D) 0.04
 
Answer & Explanation Answer: B) 0.08

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Q:

The author of the book "The People's President: Dr. A P J Abdul Kalam" is:

A) Tarun Vijay B) Sumitra Mahajan
C) KC Pant D) SM Khan
 
Answer & Explanation Answer: D) SM Khan

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Filed Under: Books and Authors
Exam Prep: Bank Exams , CAT

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Q:

Which among the following is NOT an event during the photosynthesis process?

A) Absorption of light energy by chlorophyll B) Conversion of light energy to chemical energy
C) Splitting of water molecules into hydrogen and oxygen D) Oxidation of carbon dioxide to carbohydrates
 
Answer & Explanation Answer: D) Oxidation of carbon dioxide to carbohydrates

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Filed Under: General Science
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