Q:

Which answer figure will complete the pattern?

A) X	B) W
C) V	D) U

Answer & Explanation Answer: D) U

Explanation:

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Q:

If price of an article decreases from Rs 80 to Rs 60, quantity demanded increases from 600 units to 750 units. Find point elasticity of demand?

A) -1	B) 1
C) -1.25	D) 1.25

Answer & Explanation Answer: A) -1

Explanation:

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Q:

IMF has predicted that the global economy would grow at _______ % in 2017.

A) 5.5	B) 4.5
C) 3.5	D) 2.5

Answer & Explanation Answer: C) 3.5

Explanation:

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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 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:

Which one of the following is lyophilic colloid?

A) Gold sol	B) Smoke
C) Cloud	D) Starch aqueous solution

Answer & Explanation Answer: D) Starch aqueous solution

Explanation:

Starch aqueous solution is a lyophilic colloidal solution.

Lyophilic colloids are liquid loving colloids. When these colloids are mixed with suitable liquid high force of attraction exists between colloidal particles and liquid.

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Q:

An alloy is an example of

A) Colloidal solution	B) Emulsion
C) Solid solution	D) Heterogenous mixture

Answer & Explanation Answer: C) Solid solution

Explanation:

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Q:

Which of the following is the name of a medieval Indian book on mathematics?

A) Vastushastra	B) Leelavati
C) Panchadashi	D) Roopmati

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